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After the massive outage, Solana rebounded above $100 and Polygon began a scalability upgrade. NuggetRush presales raised $2.2 million.
Solana (SOL) rose above $100 following a major network outage. Polygon (MATIC) has released a new upgrade to increase scalability.
NuggetRush (NUGX), a gaming adventure offering rewards including gold and NFT staking, is dominating cryptocurrency news channels. Many investors joined the network, resulting in over 179 million tokens being sold. But can NUGX establish itself as one of the best new ICOs?
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Solana is targeting $115 amid a market recovery.
Solana had made an impressive recovery by the second week of February, dismissing talk of a recession triggered by network outages. On February 6, 2024, Solana experienced a major outage that brought the network down for over two hours.
SOL fell below the $100 range. But Solana’s recovery is steep. SOL was trading at $94.49 on January 15th. It rose 6.2% to $100.44 on February 2 before falling to $96.86 on February 6 following a network outage. SOL recovered to $112.96 on February 16 and continued to surge.
Solana’s recovery means that Solana has now become one of the fastest-growing altcoins since the end of 2023. Despite declining demand for Solana meme coins, the network remains strong. Analysts expect this growth to continue as DeFi activity picks up. This could increase Solana’s network activity, pushing SOL to $115.
Polygon unveils Type-1 prover
Polygon has released a major upgrade called Type-1 Prover. The new upgrade allows any network compatible with Ethereum’s EVM standard to become a layer 2 network powered by zk-proofs. Type 1 provers also allow these networks to connect to Polygon’s broader ecosystem and access the liquidity of Ethereum (ETH).
The news could help boost Polygon’s recovery attempts. MATIC was trading at $0.9273 on January 11th. By January 31, MATIC had fallen 15.1% to $0.7864, and by February 16 it had risen 7.9% to $0.9232.
The new Type 1 prover is part of the Polygon 2.0 initiative. Analysts concluded that the upgrade will boost the creation of DeFi services on Polygon. This will also help Polygon attract developers who complain about Ethereum’s high fees. This could increase the value of MATIC by 10.8% to $0.9409.
NuggetRush: Investors Praise Mining Game Amid Presale Growth
NuggetRush (NUGX) is redesigning its play-to-earn opportunity to reflect the aspirations of gamers. The game aims to fulfill the most common ambitions of P2E enthusiasts in the gaming industry. To ensure an engaging and rewarding experience, NuggetRush combines mining adventures with a variety of ways to earn money.
To be successful in NuggetRush, you need to understand the game mechanics. The central tasks of the game include building a mining operation and selling resources on the market. To go far you need mine workers and machinery. NuggetRush comes with several NFT characters trained in mining and entrepreneurship.
Over the course of the gameplay, players must recruit NFT workers and make them part of their workforce. They carefully select their NFT workers to ensure they have characters that add the most value to their mining operations. Additionally, gamers can continuously upgrade their mining equipment to increase their work efficiency.
NuggetRush’s blockchain ICO is nearing completion after selling 179 million tokens in its fifth public presale. More than $2.2 million has been raised as NuggetRush works to make a name for itself as one of the hottest NFT projects. After trading at $0.018 in the 5th pre-sale, the value of NUGX is likely to rise to $0.020.
Visit the NuggetRush pre-sale website
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