Solana and XRP trending, analysts expect this P2E coin to rally
Release: 2023/12/27 22:04 Reading: 306
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- Solana (SOL) soared to over $110 on Dec. 26.
- XRP has been slow
- NuggetRush will offer gold rewards and NFTs.
Solana has been firm, while XRP has been gradually rising since November. Analysts are also eyeing NuggetRush (NUGX) as a potential Solana competitor. NUGX is up 50% since the start of the presale.
Solana nears $130
SOL rose from less than $30 to over $110 in just a few months.
This growth is attributed to several factors, including the upcoming launch of spot Bitcoin ETFs, increasing meme coin activity on Solana, and improved trader sentiment.
You might also like: Solana price prediction: analyst shares his forecast
Analysts believe SOL will continue to grow into 2024 as overall trading sentiment improves.
Most expect the coin to reach $150 or higher in the coming months.
NuggetRush spikes in December
The gaming industry is proving lucrative, especially with the easy conversion of game rewards to cash.
NuggetRush combines elements of play-to-earn (P2E) games, offering gold and NFT rewards.
Players embark on artisanal mining adventures, searching for and excavating mineral resources. The game features a marketplace where players can invest in machinery to enhance their mining efficiency.
Trading excavated resources is another way players make money. NuggetRush stands out for its adventurous gameplay.
You might also like: XRP falls as interest in NuggetRush rise
Additionally, they can compete individually or in groups, with higher rewards for completing group challenges.
Completing tasks in a group also boosts mining efficiency.
NuggetRush offers additional benefits, such as NFT staking and gold rewards in RUSHGEM NFTs.
The ongoing NuggetRush presale, in stage 4, has raised over $1.3 million.
Trading at $0.015, NUGX is already up 50% since listing.
XRP bulls targeting $8.00
XRP’s growth has been slow.
The market has been steady, with the Securities and Exchange Commission (SEC) set to approve spot Bitcoin ETFs.
On Nov. 1, XRP traded at $0.6095.
You might also like: Analyst predicts XRP to reach $352
It then rose 17.3% to $0.7155 on Nov. 6 but declined by 15.2% to $0.6064 on Nov. 30.
XRP saw a slight increase of 3.1% to $0.6254.
Headwinds are due to its legal battle with the SEC.
Despite legal challenges, XRP’s trading volume in 2023 remains high, with some analysts expecting prices to reach $8 in the coming weeks.
Visit the NuggetRush Presale Website
Read more: Pepe hype ends, NuggetRush aims to take over meme coin scene in 2023
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