Ethereum and TRON Report Impressive Rallies as NuggetRush Presale Exceeds Expectations

TLDR

• Ethereum’s (ETH) recent on-chain activity could indicate a rally.
• Tron (TRX) aims to scale its stablecoin activity to the Bitcoin ecosystem in 2024. 
• NuggetRush (NUGX) dominates the presale race after raising over $2.3 million.

Gas fees on Ethereum (ETH) have risen to an 8-month high amid the recent market rally. Tron (TRX) will soon launch a layer-2 network for the Bitcoin ecosystem.

NuggetRush (NUGX) has surpassed investor expectations to raise over $2.3 million by round five of its presale. It has sold over 186 million NUGX tokens, outperforming several new ICOs. Yet, is NuggetRush (NUGX) a match for Ethereum and Tron? Let’s hear what investors think.

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Ethereum Surges as its Gas Fees Rise to an 8-Month High

Ethereum is leading other top altcoins in a February market rally. On-chain data has revealed a significant jump in Ethereum’s (ETH) gas fees, pushing it to an 8-month high. Despite a slow performance since mid-January, Ethereum (ETH) has pulled off an impressive recovery, which coincides with Bitcoin’s recent pump.

ETH traded at $2,511 on January 15. It fell by 9.1% to $2,282 on January 31. ETH recovered by 9.5% to $2,501 on February 10 before jumping by 12.0% to $2,803 on February 16.

Ethereum’s (ETH) recovery comes amid preparations to enter its “Surge” era. The upgrade will help remove bottlenecks in the actualization of Etheruem’s plans to reach a network speed of 10,000 transactions per second. Increased network performance would also boost development activity on Ethereum.

This could push ETH’s value up by 10.9% to $3,1103.

Tron Unveils Plans to Merge with Bitcoin DeFi Services in 2024

Tron (TRX) plans to boost its DeFi services by launching a Bitcoin layer-2 solution. Tron’s founder, Justin Sun, said the new development will foster the decentralization and intertwining of various token types. Furthermore, it would link Tron (TRX) directly with Bitcoin, granting the latter access to over $55 billion worth of liquidity.

Tron’s announcement could be the kick needed to sustain a TRX rally. TRX traded at $0.1087 on January 15. It closed at $0.1122 on January 31, rising by 3.2%. TRX then rose by 7.7% to $0.1209 on February 6 before a 12.4% increase to $0.1359 on February 17.

Tron’s (TRX) stablecoin services could boom due to its Bitcoin integration plans. It already accounts…