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Cryptocurrency Highlights of the Month: Keeping an Eye on Solana, NuggetRush, and Bonk
TLDR
- Solana (SOL) has recorded a sharp growth in its network metrics since early November.
- BONK is now one of the best-performing tokens after its sharp rally in December.
- NuggetRush’s (NUGX) mining adventure game sets a new precedent after a stunning 30% growth.
Solana’s (SOL) Total Value Locked (TVL) has recorded a sharp increase since early November. BONK has also recorded a stunning market performance, growing by over 300% since early November.
Yet, NuggetRush (NUGX) is dominating headlines after its presale recorded a sharp 30% increase. The mining adventure promises to be the first of its kind in the play-to-earn industry. Yet, can NUGX emerge as a top ICO project? Let’s talk about it.
Solana’s TVL Doubles Since Mid-October
Data from DeFiLlama has shown a sharp network increase on Solana (SOL) since mid-October. The report revealed a $700 million increase in Solana’s Total Value Locked (TVL) from October 27 to December 19. Furthermore, Solana’s (SOL) market capitalization jumped from $9.6 billion in early October to around $32.1 billion by mid-December.
SOL’s value also recorded a spectacular increase. As of October 31, SOL traded at $38.52. One month later, SOL had jumped by 55.2% to $59.80 by December 1. SOL remained bullish, rising by 24.3% to $74.35 as of December 18.
The sharp jump in Solana’s TVL is likely due to airdrop activity in its ecosystem since October. On December 7, Jito announced an airdrop of $225 million to Solana (SOL) users.
Furthermore, trading activity has risen significantly on Jupiter, a popular Solana-based DEX. Jupiter has also announced a mega token airdrop to Solana users. The news has further increased network activity on Solana, which could push SOL by 26.8% to $94.35.
NuggetRush: Investors Await Exchange Listing of P2E Gaming Project
Crypto gaming has become more popular thanks to projects like The Sandbox and Decentraland. Yet, NuggetRush’s (NUGX) mining adventure could set a new precedent of offering valuable rewards and exciting adventures. The game is an opportunity to build wealth by becoming a professional miner.
NuggetRush (NUGX) offers a quality gaming experience with hyperrealistic graphics, challenging tasks, and easy ways to transfer in-game assets to the real world. The platform contains several battles, ranked plays, and competitions.
NuggetRush (NUGX) players must establish their mining operations by assembling a competent team and investing in appropriate mining equipment. The size of rewards each player will earn after completing mining tasks depends on their mining efficiency. Players can invest in upgraded miners and equipment, thus boosting their mining efficiency.
NuggetRush’s (NUGX) presale has recorded a sharp price increase since its launch. More than $1 million has been raised as token sale revenue. NUGX’s round-one presale price was $0.01. By round three of its presale, NUGX’s value has recorded a 30% increase to $0.013. NUGX will jump further to its listing price of $0.02 in 2024!
BONK Records 100% Growth in December
Bonk has become one of the best-performing meme coins in 2023 despite embarking on its sharp rally at the end of October. As investor sentiment jumped in the crypto market, demand for Bonk increased, thus leading to a price rally.
BONK traded at $0.0000007024 on October 31. Following the rising bullishness in the crypto market, BONK jumped by 583.2% to $0.000004799 by December 2. BONK’s value then skyrocketed by 335.0% to $0.00002088 by December 18.
The current market bullishness could last until Q1 2024. Analysts agree that BONK has the potential to become one of the top crypto coins after its recent listing on Coinbase.
Furthermore, the growing network activity on Solana could also boost demand for Solana-based projects like BONK. This could further push BONK up by 28.7% to $0.00002688. If BONK keeps rising, it could be one of the top 5 cryptocurrencies to buy in 2024.
Visit NuggetRush Presale Website
*This article was paid. Cryptonomist did not write the article or test the platform.
