Friday, 19 July 2024

Crypto News

Fantom price up ahead of Sonic launch; NuggetRush investors anticipate similar price pattern at launch

Fantom price up ahead of Sonic launch; NuggetRush investors anticipate similar price pattern at launch

  • Fantom (FTM) has caught market-wide attention as its Sonic upgrade will soon go live.
  • Analysts now debate the possible effects on FTM.
  • NuggetRush’s (NUGX) presale performance has given investors a peek at its growth potential.

Fantom’s Sonic upgrade will soon go live, bringing major changes designed to boost its network performance.

NuggetRush (NUGX) has joined the list of top meme coins in the gaming industry after its stellar presale numbers. The project has also raised over $3.3 million in token sale revenue. Yet, can NUGX become one of the best DeFi projects? Keep reading.

Fantom prepares for the official launch of its Sonic upgrade

Investors are jubilant over Fantom’s recent price surge as it became one of the best-performing bullish altcoins. Data from CoinMarketCap show that Fantom’s market capitalization has surged by $1.9 billion since the first week of 2024. 

Fantom (FTM) had also crossed the $1.00 range in late March. FTM traded at $0.4343 on February 26. It jumped by 94.4% to $0.8445 on March 7. FTM fell slightly by 5.8% to $0.7953 on March 16 before surging by 30.5% to $1.0385 on March 23.

Fantom’s (FTM) surge is due to excitement around its Sonic upgrades. Details about the upgrade show that Fantom will get improved EVM efficiency. It could also boost DeFi activity on Fantom, pushing FTM’s value up by 38.5% to $1.4385. This could make it one of the best cryptocurrency investments.

NuggetRush remains one of the most in-demand gaming tokens

Blockchain gaming has generated high interest in 2024, causing a shift in investor behaviour. After predictions of surging GameFi activity, investors have flocked to presale tokens like NuggetRush. Built on Ethereum, NuggetRush (NUGX) is a collection of exciting challenges that revolve around building a business from artisanal mining.

NuggetRush (NUGX) recreates the thrill of artisanal mining, providing an ecosystem where gamers can amass gold rewards while building high-value business operations. Each gamer must rise from a novice to a mining entrepreneur with viable resource excavation sites. 

In return, they get raw mineral resources that can be refined and traded on the game’s marketplace. How efficient you are at mining depends on a few factors, which include your equipment and workforce.

Thankfully, opportunities to boost your mining operations exist throughout…

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