Saturday, 20 April 2024

Crypto News

Solana (SOL) slides to $105 as traders switch attention elsewhere

Solana (SOL) slides to $105 as traders switch attention elsewhere

  • Solana demonstrates resilience in February’s volatile market despite technical indicators suggesting a short-term bearish outlook – hinting at cautious market sentiment.
  • Traders now turn to NuggetRush as its offerings and presale success make waves.
  • NuggetRush has registered the sale of nearly 188 million tokens in five rounds.

Solana (SOL) has been bullish throughout the last month but experienced a notable dip the previous day. The crypto now signals cautious optimism as it broke below the critical $110 support level. Owing to this development and a recent market shift, top traders switched their attention to NuggetRush (NUGX), a fast-rising meme coin. 

NuggetRush, profound for its lucrative merger of play-to-earn gaming, tangible utility, and many earning avenues, is on an exciting presale event that promises profits. As an exceptional addition to the initial coin offering list, NuggetRush is also a symbol of social impact, as one of its core missions revolves around supporting artisanal miners in developing areas. This article covers why traders turn their attention to NUGX, one of the top decentralized finance (DeFi) altcoins, amid Solana’s slide.

NuggetRush (NUGX): gaming, cryptocurrency and earning converge

Based on the Ethereum (ETH) blockchain, NuggetRush presents a community-owned mining game with high rewards, challenges, and distinct mining characters. The game is the perfect opportunity to step into the day-to-day lives of artisanal miners. Players get to complete simple and mundane challenges while challenging their resource management and decision-making skills. 

As the players find and collect more mineral resources, their gaming mining operation can become a tangible financial success. NUGX will reward players with non-fungible tokens (NFTs) and in-game currency after each completed task, which can be converted to real cash or gold. Players can gain more value from their NFTs by staking them and earning an annual percentage yield of up to 20%. It also offers a high-quality marketplace for smooth and efficient NFT trading.

NuggetRush’s blockchain ICO has registered remarkable results, with almost 188 million tokens sold and over $2.3 million raised in five rounds. NUGX currently trades at $0.018 per token, with roughly 12% of the tokens allocated for this last stage left before the per-token price goes…

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