TLDR:
- Injective had crossed 450 million on-chain transactions.
- Analysts forecast the price of Solana to rise to $124.81 in the coming weeks.
- NuggetRush has sold 186,639,953 NUGX tokens out of 215 million meant for the presale stage.
Large-scale investors, also known as whales, have chosen their top crypto coins to invest in this year. Three major coins on their list are Injective, Solana, and the presale token, NuggetRush. Let us see why whales are very interested in these altcoins.
NuggetRush (NUGX), An Immersive Mining Game
NuggetRush (NUGX) is a play-to-earn gaming cryptocurrency and stands out as one of the top meme coins available. The NuggetRush game is centered around a crypto-mining virtual world. The game takes players on a journey to find gold using different mining activities.
Players can gain NUGX by participating in tasks like resource extraction, tunneling, and digging. Additionally, they can work together with other miners to increase productivity and earn incentives like NFTs. Passive income earned through NFT staking is one of NuggetRush’s standout features.
Holders of these NFTs can stake them to generate passive revenue, reaching up to 20%. The opportunity to earn RUSHGEM, a priceless NFT that can be exchanged for real gold, through gameplay is another noteworthy feature. Gold is a wise long-term investment because of its reputation as an inflation hedge.
Therefore, the combination of staking advantages, gold incentives, and various earning avenues positions NuggetRush as the best crypto investment choice. NuggetRush’s NUGX token is currently up for sale at $0.018, with a potential 35x price increase after its launch.
NuggetRush has sold 186,639,953 NUGX tokens, a major feat when compared to other presale projects. Only 215 million tokens are available during the presale period, meaning the NuggetRush crypto ICO could end anytime soon.
Solana (SOL) Price Forecast
Solana (SOL), one of the 10 largest crypto by market cap, has been trading between $79.07 and $118.33 in the last month. This happened when the cryptocurrency had a sharp surge in value as a result of heightened airdrop activity on the Solana network.
Meanwhile, the market has calmed off over the past week, according to the Solana price chart. On the price chart, Solana is displaying conflicting feelings after losing value over the previous week.
Based on the monthly price chart, the altcoin has a 20.3% price increase. In spite of this, with 18 out of 30 green days, Solana remains among the best-performing assets over the past 30 days.
This has led to many positive sentiments towards Solana, which is what attracts experts to say that the altcoin price will reach higher in the coming weeks. It has been estimated that the price will surge up to $124.81 in the coming weeks and $180 over the next months.
Injective (INJ) Surpasses 450M On-chain Transactions
According to a recent tweet from the Injective (INJ) protocol, the network has crossed over 450 million on-chain transactions and is now gunning for 500 million. The increased on-chain transaction comes after Injective released several updates this year.
These include the Volan Upgrade, gas compression, and omnichain domain. Interestingly, the price of Injective coin has increased in the past week, moving from a weekly low of $33.73 to a high of $39.60.
Apart from the weekly price jump, Injective is also bullish on the monthly and yearly timeframes, with 6.6% and 807.3% gains, respectively. It is one of the best altcoins to invest in right now because of INJ’s constantly increasing price.
The price of INJ is predicted to rise to $45.00 by the end of next week as the token remains above its 20, 50, 100, and 200-day Exponential Moving Average (EMA). They estimate that during the bull season, it will rally to $68.00, and $80.00 could be the maximum price reached before 2024 if the current bull run continues.
In Summary
Based on their current market activity, whales believe Injective, Solana, and NuggetRush will lead to the next wave of the 2024 bull cycle. As a result, the investors who are searching for the leading cryptocurrencies to HODL may decide to increase their stakes in Injective, Solana, and NuggetRush.
