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Bitcoin’s rise could impact ORDI while Solana recovers from the bug-induced outage. NuggetRush’s 80% surge draws attention.
The recent surge in Bitcoin’s price has positively affected ORDI, pushing it to the $70.00 range. Solana has also clarified the reasons behind its network outage on Feb. 6.
NuggetRush (NUGX), a mining game built on Ethereum, could change investor behavior in the next few months. Its presale has raised $2.2 million after selling over 182 million NUGX tokens.
ORDI lumps to $70 range amid Bitcoin surge
Ordi has stunned investors with a 24-hour surge that coincided with a Bitcoin increase. Due to a slow January performance, Ordi fell below the $70.00 range. Despite its market capitalization surge in late November 2023, Ordi’s bullish momentum weakened at the turn of 2024.
However, that trend could change after its February leap. ORDI traded at $74.23 on Jan. 15. It fell by 25.9% to $54.99 on Jan. 23. By Febr. 8, ORDI had risen slightly by 7.1% to $58.91 before a 20.5% leap to $71.04 on Feb. 12.
Some analysts pinned Ordi’s sudden increase in Bitcoin’s growth. Bitcoin had risen to $52,000 on Feb. 15. Analysts say this could signal another market bull run. If Bitcoin remains bullish, Ordinal activity could follow, pushing ORDI’s price up by 12.3% to $79.84. ORDI could also become one of the top crypto coins.
Solana pins network outage on infinite loop bug
The team behind Solana explained that its recent 5-hour network outage was caused by a bug loop identified a week earlier. It further explained that developers had only deployed a fix for one of the triggers, leading to the mega outage on Solana.
Despite disappointment around the outage, Solana’s token performance has improved. SOL traded at $84.27 on Jan. 23 before rising by 19.1% to $100.44 on Feb. 2. Following its mega outage on Feb. 6, SOL fell by 3.5% to $96.86. A week later, SOL rose by 15.6% to $111.99 on Feb. 12.
Solana could rise further due to its plans for asset tokenization. On Jan. 24, Solana introduced token extensions that provide flexible, secure tooling for digital and real-world assets. This could significantly boost defi activity on Solana. It could also increase SOL’s value by 11.4% to $124.84, increasing its FOMO in Q1 2024.
NuggetRush to attract users from top gaming networks
NuggetRush (NUGX) is positioning itself as a significant player in the gaming industry by introducing a unique Ethereum-based game that rewards players with gold. The game challenges players to become artisanal miners, competing for gold and mineral resources, and offers a novel approach to gaming rewards.
Players can enhance their chances of winning by expanding their mining operations, which includes hiring additional workers and acquiring more equipment, leading to larger NFT rewards. Additionally, NUGX provides an opportunity for NFT staking, with rewards up to 20% APY, a feature that distinguishes it from other gaming cryptocurrencies.
As NuggetRush progresses through its presale, currently in round five with a token value of $0.018, anticipation builds for its next price increase to $0.020. This step is crucial for the project’s future, as it will determine its position in the cryptocurrency market and its appeal to both gamers and investors.
Visit NuggetRush Presale Website
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