Jupiter and Solana in focus; NuggetRush supporters bullish on NUGX potential
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On Feb. 6, 2024, Solana (SOL) went offline, causing disruption. Meanwhile, Jupiter’s (JUP) trading activity has been increasing. In other news, NuggetRush (NUGX) is making headlines after raising over $2 million by selling more than 170 million tokens in its presale.
Jupiter Momentum Slows in Early February
Jupiter recently distributed $700 million worth of JUP. However, its growth slowed down in the first week of February, dropping by 18%.
Despite this, JUP holders are optimistic that it will recover soon as trading activity on the Jupiter exchange increases.
On Feb. 4, Jupiter’s daily trading volume surpassed that of Uniswap V2 and V3.
Analysts predict this trend will continue, pushing JUP up by 27.2%.
Solana’s outage
On Feb. 6, 2024, Solana went offline.
Investigations are ongoing to determine the cause of the outage.
Before this happened, SOL’s price fluctuated between $95.55 and $106.61 in January and February.
The outage occurred just a week after a sharp increase in exchange-traded products on Solana, which led to speculation about a possible rally.
However, some analysts believe the network outage could reduce the hype around the coin.
The price of SOL could drop to $95.55 or rise to $105.43.
NuggetRush readying for dominance
NuggetRush is drawing investors and gamers.
The game lets players set up virtual mining operations to earn income.
Players can work together in the game to complete mining tasks and earn rewards.
NuggetRush has sold over 170 million NUGX. Some early investors who bought at $0.010 are already up 80%. Presently, NUGX is trading for $0.018.
Experts are bullish on NUGX, expecting more growth in the future.
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