Solana and Polygon rally, NuggetRush dominates with over 179m tokens sold

After a major outage, Solana rebounds above $100, while Polygon launches a scalability upgrade. NuggetRush presale excites with $2.2 million raised.

Solana (SOL) has risen above $100 days after its major network outage. Polygon (MATIC) has unveiled a new upgrade to boost its scalability.

NuggetRush (NUGX), a gaming adventure whose rewards include gold and NFT staking, dominates crypto news channels. Many investors are joining its network, leading to a sale of over 179 million tokens. Yet, can NUGX establish itself as one of the best new ICOs?

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Solana eyes $115 amid its market recovery

Solana has pulled off an impressive recovery by the second week of February, shrugging off talk of a downturn triggered by its network outage. On Feb. 6, 2024, Solana recorded a mega outage that kept the network down for over 2 hours.

SOL then fell below the $100 range. However, Solana’s recovery has been sharp. SOL traded at $94.49 on Jan. 15. It rose by 6.2% to $100.44 on Feb. 2 before falling to $96.86 on Feb. 6 after its network outage. SOL then recovered to $112.96 on Feb. 16, continuing to surge.

Solana’s recovery now means it has been one of the fastest-growing altcoins since the end of 2023. The network has remained bullish despite the reduced demand for Solana meme coins. Analysts expect this growth to continue when defi activity picks up. This could boost Solana’s network activity, pushing SOL to $115.

Polygon unveils type-1 prover

Polygon has released a major upgrade called the type-1 prover. The new upgrade would allow any network compatible with Ethereum’s EVM standard to become a layer-2 network powered by zk-proofs. The type-1 prover would also allow such networks to connect to Polygon’s broader ecosystem and access liquidity on Ethereum (ETH).

The news could help boost Polygon’s attempt at a recovery. MATIC traded at $0.9273 on Jan. 11. By Jan. 31, MATIC had fallen by 15.1% to $0.7864 before rising by 7.9% to $0.9232 on Feb. 16.

The new type-1 prover is part of Polygon 2.0’s plans. Analysts conclude that the upgrade would boost the creation of defi services on Polygon. Furthermore, it would help Polygon attract developers complaining about Ethereum’s high fees. This could boost MATIC’s value by 10.8% to $0.9409.

NuggetRush: investors praise mining game amid presale growth

NuggetRush (NUGX) is redesigning play-to-earn opportunities to reflect the aspirations of gamers. The game aims to fulfill the most common ambitions of P2E lovers in the gaming industry. To ensure an engaging and rewarding experience, NuggetRush melds mining adventures with multiple income-generation avenues.

Succeeding on NuggetRush requires an understanding of its gaming dynamics. The game’s central tasks involve building a mining operation and selling resources on its marketplace. To get far, you need mining workers and machinery. NuggetRush comes with multiple NFT characters trained in mining and entrepreneurship.

While the gameplay is on, players are supposed to recruit NFT workers, making them a part of their workforce. They select NFT workers carefully to ensure getting characters that bring the most value to mining operations. Furthermore, gamers can continuously upgrade mining equipment to ensure their operations become more efficient.

NuggetRush’s blockchain ICO is approaching an end after selling 179 million tokens by round five of its public presale. Over $2.2 million has been raised as NuggetRush seeks to establish its name among the popular NFT projects. After trading at $0.018 in round five of its presale, NUGX’s value will likely rise to $0.020.

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