TLDR
- Solana (SOL) is now back in the $90 range after its spectacular market leap.
- THORChain (RUNE) also struggles with bearishness despite its high network activity.
- NuggetRush’s (NUGX) mining game will offer gold rewards and NFT staking opportunities.
Solana’s (SOL) remarkable climb above $100 was short-lived, as it now trades in the $90 range. THORChain’s (RUNE) decline has continued despite high trading activity on its exchange.
NuggetRush (NUGX) is becoming a household name in the gaming community after selling 153 million tokens in its presale. Its NUGX token has now raised 50% profit. Yet, can it become one of the top crypto coins? Let’s hear from market experts.
Solana Falls Below $100 After Spectacular Late 2023 Increase
After a stellar performance in late 2023, Solana (SOL) has dropped considerably despite the ongoing bullishness in the crypto market. Solana (SOL) had jumped above $100 as its meme coin activity soared following increased market bullishness. Data from CoinMarketCap showed that Solana’s market capitalization increased from $8.8 billion in mid-October to $42 billion by mid-January.
SOL traded at $59.80 on December 1 after a bullish performance in November. By December 25, SOL jumped by 102.5% to $121.15. SOL’s bullish momentum waned, and it fell by 20.9% to $95.73 by January 12.
Some analysts say meme coin activity has declined on Solana (SOL), leading to its recent price fall. Others pin Solana’s decline on competition from other altcoins, which followed the first-ever spot Bitcoin ETF approvals. Whatever the case, analysts say Solana’s (SOL) trading activity will rise soon. This could push SOL’s value up by 4.6% to $100.21.
THORChain Falls to the $4 Range
THORChain (RUNE) has shocked many investors with its recent fall, especially after its bullishness in the past two months. Data from DeFiLlama showed that THORChain’s Total Value Locked (TVL) doubled since early November. Trading activity on THORChain’s decentralized exchange also soared, leading to a sharp RUNE rally.
RUNE traded at $7.0919 on December 2 after a bullish November. By December 25, RUNE had fallen by 17.2% to $5.8672 as its bullish momentum declined. RUNE’s fortunes remained bearish, as it dropped by 21.6% to $4.5973 by January 13.
THORChain (RUNE) could rise due to the expected increase in trading activity in the crypto market. Since the SEC’s approval of spot crypto ETFs on January 10, several top altcoins have recorded increased demand.Â
Analysts expect THORChain’s (RUNE) market demand to increase as it is one of the most active decentralized exchanges in the crypto industry. This could push THORChain’s RUNE token up by 67.4% to $7.7003.
NuggetRush Challenges Play-to-Earn Champions with a 50% Token Value Increase
NuggetRush (NUGX) is a brand-new NFT gaming adventure that takes players on a journey through the world of artisanal mining. The game allows players to become mining champions, earning NFTs, gold rewards, and staking benefits. On NuggetRush (NUGX), players need luck, dexterity, and an adventurous side.
The blockchain game offers a superrealistic mining experience. Gamers participate in mundane tasks that are a central part of mining. Players will survey various soils using appropriate machinery to locate mineral-rich sites. They will also participate in basic tasks, like digging and setting up tunnels. The juicy part involves excavating resources and refining them for sale on NuggetRush (NUGX).
Gamers earn money after selling resources. Yet, to become a champion on NuggetRush, gamers need multiple mining operations. The game already contains vast lands for players to conquer.Â
Yet, gamers need a large and efficient mining workforce to build as much wealth as possible. Gamers can get needed mining resources on NuggetRush’s (NUGX) marketplace. Furthermore, the game gives extra NFT workers and machinery to help players complete its mining challenges.
NuggetRush (NUGX) has shown immense potential to rival the most popular NFT projects. Its blockchain ICO has sold over 153 million tokens to P2E lovers and crypto investors alike. NuggetRush is now in the fourth round of its presale, with NUGX’s value at $0.015. By round five, NUGX will trade at $0.018 after jumping by 20% from its current value.
