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Investor sentiment post BTC ETF was not what many expected. However, after consecutive weeks of decline, the sentiment seems to be shifting towards the positive. Once again, Solana (SOL) is at the center. With over $60 million in NFTs sold, Solana has now overtaken the Bitcoin network.
In other news, the Polygon Labs have announced a timeline for releasing the interoperability layer for Polygon 2.0. Another positive trend that has caught investors' attention is NuggetRush, with a new presale milestone. Read on to find out more.
Over the past few months, Solana (SOL) has been a very hot topic. From its surging prices to the growth of SOL meme coins, there has been a lot of activity around Solana. Solana is in the news once again, this time for a surge of activity in its NFT ecosystem.
Data from CryptoSlam shows that more than $60 million worth of NFTs were traded on the network in just a week. This puts Solana ahead of Bitcoin, which saw $50.9 million. The rise has also positively influenced the Solana coin. SOL has rebounded from its weekly low at $79.00 to reclaim the $87.00 level.
Ahead of its scheduled first-quarter launch, NuggetRush (NUGX) has hit an incredible milestone in its blockchain ICO. NuggetRush has sold over 163 million of its NUGX tokens as it prepares for launch. The project has become one of the best ICOs because of its unique platform, which seeks to transform blockchain gaming.
Founded on the idea of merging the excitement of gaming with the world of cryptocurrency mining, NuggetRush offers a virtual world where players can earn real-world value. The team behind the project has created a unique model where players can collaborate with others to discover valuable minerals and earn in-game rewards that can be traded for NUGX tokens, cash, and gold.
Players can also claim rare RUSHGEM NFTs, which can be exchanged for actual gold delivered to the player's home. Additionally, this concept assists in generating revenue for actual artisanal miners in developing nations. A percentage of the platform's earnings are provided to improve the living circumstances of underprivileged miners.
According to experts, NUGX is expected to rise by 100 times by 2024, making it one of the best cryptocurrencies to buy during a bull market. Nonetheless, NUGX is among the cheap altcoins to buy right now at just $0.018 per coin.
After months of teasing and waiting, Polygon Labs have finally announced a timeline for the interoperability layer, 2.0. The first version of the interoperability layer for the Polygon ecosystem will be released in February 2024.
At the end of the upgrade, Polygon will become a network of layer 2 chains with zero knowledge powering them, promising infinite scalability and unifying liquidity. Already, more than 20 projects have shown support for the launch.
The growth of NFTs on Solana could further inspire a recovery for the altcoin while Polygon seeks to advance its network capabilities. With the onset of a new bull market, NuggetRush is poised to experience explosive growth and is considered one of the top altcoins to watch out for.
