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TLDR
- Solana’s (SOL) daily transaction count soared to 21 million on November 23.
- PEPE’s market capitalization could reach $500 million due to rising bullishness in the crypto market.
- NuggetRush’s (NUGX) presale has surprised many analysts following its high token sale numbers.
Solana’s (SOL) user adoption has been rising since August as bullish sentiments have soared through the crypto market. PEPE has also recovered as its market capitalization nears $500 million again.
However, most investors are confident that NuggetRush (NUGX) will surpass the expectations of many. The project has already sold 65 million tokens. Yet, is that enough to make NUGX a top ICO project?
NuggetRush: Demand for Mining Adventure Leads to 65 Million Token Sold
NuggetRush (NUGX) has stunned investors who didn’t expect such fast-rising popularity. Based on Ethereum, NuggetRush is a mining game with high rewards, challenges, and mining characters. The game is the perfect opportunity to step into the day-to-day life of artisanal miners.
NuggetRush (NUGX) gets players to complete simple and mundane challenges while challenging their resource management and decision-making skills. The game will give each player a small plot of land at the start.
Players must then find and collect more mineral resources while turning their mining operation into a financial success.
NuggetRush (NUGX) will reward players with NFTs and in-game currency after each completed task. Players can gain more value from their NFTs by upgrading them. It also offers a high-quality marketplace for smooth and efficient NFT trading.
NuggetRush (NUGX) will soon kick off its mining game.
However, its blockchain ICO is ongoing. NUGX just entered the third round of its presale, growing by 8.3% to its current price of $0.013. By round four, NUGX’s value would have jumped by 15.3% to $0.015. NUGX’s value would soar by 53.8% to its listing price of $0.02.
Solana Daily Transactions Surge in the Past 90 Days
Solana’s (SOL) network activity has risen sharply in the past three months. On November 23, Solana’s daily transaction count hit 21.1 million. This was in sharp contrast to Ethereum, whose transaction count came in at 1.12 million.
Data from Artemis also showed that Solana’s (SOL) highest daily transaction count in 2023 stood at 51.63 million.
Solana’s growing transaction activity coincides with SOL’s November rally. On November 1, SOL was trading at $41.46. By November 23, SOL’s value jumped by 36.5% to $56.60 following Solana’s skyrocketing transaction count. By November 27, SOL had declined slightly by 2.7% to $55.06.
Solana (SOL) has outperformed several top altcoins like Ethereum, Cardano, and Polyon in the past 90 days. Furthermore, Solana has increased its DeFi partnerships in 2023. Analysts hope these factors can help Solana capitalize on the bullishness around rising demand for Spot ETFs. They say SOL’s price could further increase by 23.3% to $67.89.
PEPE Market Capitalization Nears May Highs
Pepe’s popularity has risen in the past few weeks, leading to speculations that it could return to its all-time high again, PEPE’s market capitalization had fallen sharply in October, dropping to as low as $250 million.
Yet, by November 28, PEPE’s market capitalization had grown considerably, reaching $441 million. Analysts say PEPE’s recovery is impressive, given its sharp drop due to negative sentiments around its recent rug pull.
Furthermore, they say a PEPE rally could be around the corner. PEPE traded at $0.000001186 on November 1. By November 27, PEPE’s value had fallen by 8.7% to $0.000001082.
PEPE’s network activity had tanked following a rug pull in late August, further exacerbating the effects of the then-bearish market. However, PEPE’s new management has taken steps to boost investor confidence.
One of such measures was burning $5.5 million worth of PEPE tokens. This might help PEPE capitalize on bullish market sentiments in November. Analysts say PEPE might rise by 4.6%, reaching 0.000001382.
