The growth of the Solana network continued, highlighted by the daily addition of new addresses. Shiba Inu is in accumulation mode, with analyst Myles G Investments forecasting a price rise to $0.000054. Investors have purchased over 226 million NUGX tokens and cryptocurrency experts are predicting a price surge.
Once again, the effectiveness of Solana was highlighted, as a high-performance network capable of processing transactions quickly and economically. The number of new addresses on the network reached a new ATH, showing its continued expansion.
Elsewhere, Shiba Inu has entered an accumulation phase, and crypto analyst Myles G Investments suggests this could spark a major rally. During this time, NuggetRush is experiencing further accumulation, with over 226 million NUGX tokens purchased during its ICO phase.
NuggetRush Token (NUGX) Accumulation Level Rises Amid Price Explosion Predictions
Over the past few weeks, NuggetRush (NUGX) has seen a strong wave of accumulation, as some investors expect it to be the best cryptocurrency investment in 2024. During this period, more than 226 million NUGX tokens have been acquired, despite that its price increased from $0.010 to $0.019.
NuggetRush gained so much popularity as a unique crypto project that combines meme culture with elements of GameFi and play-to-earn (P2E) games. This new P2E game focuses on gold mining operations, allowing players to recreate the gold rush. Players will create and manage their mining operations while searching for gold.
The game is attracting the attention of the crypto community because it offers many earning opportunities such as RUSHGEM, which are some of the most interesting NFTs that can be staked to earn up to 20% APY. Additionally, with NuggetRush, players can exchange in-game assets for real gold and silver.
With its combination of many elements and income streams, NuggetRush is attractive to investors seeking growth and engagement. Based on the growth rate, some crypto analysts predict that the NUGX token could trade at $1 in 2024, making it one of the best cryptocurrencies to buy right now.
Crypto Analyst Predicts Shiba Inu (SHIB) Price Rise Amid Accumulation
Like NuggetRush, Shiba Inu (SHIB) has entered an accumulation phase. This was highlighted by popular crypto analyst and YouTuber Myles G Investments in a recent article on X.
Data from IntoTheBlock confirmed this accumulation trend. The data showed that large holders continued to increase their balances, with inflows increasing more than 5,100% in the last 30 days.
Based on this accumulation trend, Myles G Investments predicted that the price of the meme coin could rise in the coming weeks. The experienced trader expects this potential price rally to lead to new highs for the Shiba Inu token, with a price target of $0.000054.
Solana Daily Active Addresses (SOL) Hit New All-Time High
Like the rest of the cryptocurrency market, the Solana (SOL) token price has been on an upward trend over the past week, surpassing the $150 mark. However, Solana reached another milestone when the number of daily activity addresses reached a new yearly high.
The news daily active addresses this week also set a new all-time high in seven consecutive days of more than 717,000. The growing fanaticism for Solana-based meme coins is another factor that has impacted the network’s growth.
The increase in network activity reflects the increased need for Solana’s high-performance network. Some speculate that network growth could lead to higher prices. Therefore, SOL remains one of the top cryptocurrencies and is likely to reach the $200 level in the coming weeks.
By Audy Castaneda
