The post Top Three Cryptocurrencies Gaining Momentum: Solana (SOL), Chainlink (LINK), and NuggetRush appeared first on Coinpedia Fintech News
TLDR
- Solana’s (SOL) network activity has risen sharply over the past few weeks.
- Chainlink has launched new staking upgrades.
- NuggetRush’s (NUGX) mining adventure could be the next Decentraland of the gaming ecosystem.
Solana (SOL) has become one of the most active blockchains in 2023, as its transaction count has soared significantly. Chainlink’s network activity is also rising. Yet, it hopes to further boost its investor sentiment via the launch of its Stacking v0.2 mechanism.
However, NuggetRush (NUGX) is attracting more investors than both projects after it released its plans for a highly valuable gaming ecosystem. NUGX’s ongoing presale has already yielded an ROI of 30%. Yet, will that make it a top ICO project? Let’s hear what analysts say.
Solana’s Surging Transaction Count Results in a Sharp Rally.
Solana’s (SOL) performance in November was quite astounding, leaving a lot of investors quite surprised. Before November, Solana’s (SOL) transaction count had risen steadily, reaching 51 million daily transactions.
Like most top altcoins, Solana’s network activity surged due to renewed interest in the crypto market following calls for Spot Bitcoin ETFs.
As expected, rising network activity on Solana led to a sharp rally. SOL cost $41.46 as of November 1. Over four weeks later, SOL had grown by 42.8% to $59.24 by November 30.
Another contributing factor to Solana’s (SOL) rally is its recent partnership with the DeFi industry. Solana (SOL) also has a vibrant partnership with Chainlink, one of the active networks in the DeFi industry. Some analysts say Solana could rise further due to its rising transaction count, thus pushing SOL up by 11.1% to $65.83.
NuggetRush: 30% Increase Indicates NuggetRush’s Market Performance
NuggetRush (NUGX) is a mining adventure game that offers the best of play to every game. It features a challenging competition where players must build successful mining enterprises. NuggetRush features artisanal miners and skilled entrepreneurs, which come as NFTs. Players were supposed to leverage the skills of these characters in building a successful mining operation.
On NuggetRush (NUGX), players will earn rewards from completing quests, battles, ranked play, and competitions.
Typical challenges include setting up mining shafts, digging tunnels, locating mineral resources, and using appropriate machinery to excavate them. NuggetRush also offers a standard marketplace where players can sell resources and other in-game collectibles.
NuggetRush (NUGX) is a community-focused project that allows users to collaborate towards higher rewards. Players on NuggetRush can form mining groups, which directly boost their rewards and mining efficiency. NUGX token holders will enjoy several benefits, including governance rights and access to restricted areas within the game.
Over 70 million NUGX tokens have been sold in NuggetRush’s ongoing blockchain ICO. The project just entered round three of its presale, costing $0.013. NUGX’s earliest price was $0.010. But it has grown by 30% as it entered the third round. The next round of NUGX’s presale will increase its price by 15.3% to $0.018.
Chainlink Launches Staking v0.2
Chainlink, a leading Oracle network, has upgraded its staking mechanisms. Chainlink’s (LINK) new Staking v0.2 will have an expanded pool size of 45 million LINK. The upgrades are part of Chainlink’s Economics 2.0 plan, which hopes to add an extra layer of security to the network.
Chainlink’s staking upgrades come amid its November rise. LINK was trading at $10.93 on October 28. By November 21, LINK had risen by 23.7% to $13.53. Following the launch of its new staking upgrades on November 28, LINK rose by 7.3% to $14.52.
Chainlink’s (LINK) data feeds are featured on top networks in the DeFi industry. Yet, analysts say Chainlink (LINK) looks to cement itself as one of the top DeFi projects by upgrading its services to include more users. This could push Chainlink’s (LINK) trading activity to new highs. This could cause LINK to rise by 22.7% to $17.83.
