Analyzing market recovery potential: NuggetRush, Solana, and Cosmos in focus
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- NuggetRush (NUGX) integrates impact gaming into its model.
- Solana (SOL) is under pressure, drops 7% in the last three days.
- The Cosmos Hub rejected Proposal 868.
NuggetRush (NUGX), Solana (SOL), and Cosmos (ATOM) are being monitored. Each project offers unique features and developments.
NuggetRush plans to reshape GameFi using NFTs
NuggetRush offers an innovative model incorporating impact gaming.
It seeks to provide a unique gaming experience by offering NFTs that function as game characters in its metaverse.
Additionally, it supports artisanal miners in developing nations through its mining ecosystem.
Gamers can start their adventure with minimal resources and explore the available mines, seeking treasures of real-world value.Â
NuggetRush also rewards gamers participating in its staking protocol, allowing them to stake their assets and earn up to 20% APY.
Rush Guild members have governance rights and access to bonuses, discounts, and rewards.
The NuggetRush presale is in round 5, raising over $2 million and selling more than 162 million NUGX.
NUGX will list on crypto exchanges at $0.020.
Solana’s NFT ecosystem is booming
According to CryptoSlam, the Solana NFT ecosystem is surging.
SOL is under pressure, dropping by 7% in the past three days.
This drop is likely due to the recent plunge of Bitcoin (BTC) below $39,000, negatively affecting most altcoins, including SOL.Â
The launch of spot Bitcoin ETFs in the U.S. was followed by a price crash.
Since Jan. 19, 2024, open interest has been falling.
As of Jan. 24, Solana was trading at $83.20, down 15.17% in the past week.
Analysts predict Solana could drop to $78.25 by the end of the month.
Cosmos: community dialogue amidst proposal rejection
Proposal 868, aiming to decrease the minimum inflation parameter from 7% to 0% if more than 67% of ATOM was bonded, was recently rejected by the Cosmos Hub.
The intention was to minimize ATOM’s devaluation and maintain rewards’ value.Â
The decision has opened the way for continuous dialogue in the Cosmos community.
ATOM remains under pressure. As of Jan. 24, the coin was trading at $9.21, down 10.48% in the past week.
Still, analysts forecast ATOM to reach $9.65 by the end of January.
