Solana reports new addresses daily: Finding trends in Sheba Innu and Nougat Rush on price developments
TLDR
Highlighted in the new Daily New Address chapter, Solana Network continues to grow.
Shiba Inu is in accumulation mode, analyst Miles Gee Investments predicts a price pump to $0.000054.
Investors bought more than 226 million NUGX tokens and cryptocurrency experts predict a price rally.
The efficiency of Solana, a high-performance network capable of processing transactions quickly and at low costs, is again in focus. The number of new addresses on the network rose to a new ATH, indicating continued expansion.
In other news, the Shiba Inu has entered stock levels, which crypto analyst Miles Gee Investments has suggested could spark a major rally. Meanwhile, NuggetRush is seeing huge stock in its crypto ICO stage with over 226 million NUGX bought.
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NuggetRush (NUGX) stock surged amid price explosion predictions.
NUG Rush (NUGX) has been experiencing a huge rally over the past few weeks as some investors expect it to be the best crypto investment in 2024. During this period, more than 226 million NUGX tokens were purchased, although the price increased from 0.010 to 0.019 USD.
NuggetRush is a unique crypto project that combines meme culture with GameFi and play-to-earn (P2E) elements. This new P2E game is centered around gold mining operations, allowing players to create the gold rush. Players create and manage their mining operations as they search for gold.
The game is attracting the attention of the crypto community due to the fact that it offers many earning opportunities such as RUSHGEMs, which are the best NFTs that can hold up to 20% API. Additionally, with NuggetRush, players can exchange in-game property rewards for real gold and cash.
As a mix of multiple entities and income streams, Nougat Rush is attractive to investors looking for growth and participation. Based on its growth rate, some crypto analysts have predicted that NUGX could trade as high as $1.00 by 2024, making it one of the best cryptos to buy right now.
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The crypto analyst predicted a price increase amid the Shiba Inu (SHIB) rally trend
According to NuggetRush, Shiba Inu (SHIB) has entered stock level. This was highlighted in a recent X post by popular crypto analyst and YouTuber Myles G Investments.
IntoTheBlock's data confirmed this accumulating trend. The data shows that large holders continue to increase their balances, with earnings increasing by more than 5,100% in the last 30 days.
Based on this rallying trend, Miles G Investments predicts that the price of MemCoin will increase in the coming weeks. A seasoned trader expects this eventual price increase to push Shiba Innu to a new high, with a price target of $0.000054.
Solana (SOL) daily active addresses rise to a new all-time high
Like the rest of the crypto market, the price of Solana (SOL) has been on a high for the past week, rising above $150. However, Solana has recorded another important milestone as the number of daily activity addresses continues to rise to new heights every year.
New daily active addresses this week set a new all-time high with a seven-day moving average of 717,000 plus. The increasing number of Solana meme coins is another factor that has influenced the growth of the network.
Increasing network activity increases demand for Solana's high-performance network. There is speculation that the growth of the network may lead to price increases. Therefore, SOL remains one of the top crypto coins that could chase the $200 level from the next few weeks.
Summary
The three altcoins, Solana (SOL), Shiba Inu (SHIB), and NuggetRush (NUGX), all have strong positive sentiment, which may lead to price increases next week. Although SOL and SHIB are included in the top altcoins, NUGX has shown the potential to further advance them in the 2024 bull cycle.
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