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Solana (SOL) became one of the best-performing projects in the past few weeks, as its net monthly inflows skyrocketed.
Elsewhere, NuggetRush (NUGX) could challenge Solana’s performance due to its unique play-to-earn mining rewards.
Solana’s (SOL) investor sentiment has risen alongside monthly net inflows to its exchange-traded products (ETPs). Experts now anticipate a SOL rally. However, some argue its rally will be smaller than NuggetRush’s expected performance.
NuggetRush is an Ethereum-based project that combines artisanal mining with NFT technology to create a remarkable play-to-earn experience. Yet, can NUGX outperform SOL to become a top ICO investment?
>> Buy NuggetRush Now <<
Solana’s (SOL) Rising Inflows Points to High Network Activity
Solana, one of the top DeFi projects, has recorded impressive growth in its network metrics over the past few weeks. The network has made a few developments that have likely increased investor sentiment.
On October 31, 2023, the Solana Foundation announced that its network datasets would be available on Google Cloud’s BigQuery.
The development probably increased SOL’s bullishness in October. SOL was trading at $23.37 on October 2. By October 31, SOL had risen by 64.3% to $38.42. Its bullish momentum continued, leading it to close at $42.13 after rising by 9.6%.
Despite its rising network activity, Solana’s (SOL) exchange-traded products have become more famous in the past few weeks. Delphi-Digital revealed that Solana’s net monthly inflows had surpassed $100 million in October.
Some analysts say Solana’s growing network metrics might indicate a coming bull run. These analysts conclude that SOL will rise by 23.0% to $51.83 if Solana’s inflows remain high.
NuggetRush (NUGX): Unique Play-to-Earn Game Set to Launch on Ethereum
NuggetRush’s (NUGX) mining game is bringing the excitement of excavating mineral deposits from rich terrains to the Web3 industry. It also presents new ways to earn money from play-to-earn gaming.
>> Buy NuggetRush Now <<
On NuggetRush, players explore vast terrains in search of mineral resources. To aid their mining operations, NuggetRush offers special character NFTs who have experience in artisanal mining and building a business.
As players mine rewards, they earn money, machinery, and other NFTs. However, the earning potential of each miner depends on their mining efficiency. Thankfully, players can invest in machinery and more NFT characters.
NuggetRush (NUGX) also offers an innovative way to earn money from holding in-game NFTs via staking. Users can earn a fixed interest on their NFT holdings. Players can also increase their mining efficiency by collaborating with other players. Joining mining guilds also boosts the earning potential and mining efficiency of players.
Before players can start mining rewards on NuggetRush, NUGX will reach its listing price. Although NuggetRush is holding a blockchain ICO, investors are already receiving rewards by claiming tokens at its ongoing presale.
Moreover, NUGX’s value has risen by 20% as it entered Round 2 of its presale. Now, NUGX costs $0.012. Yet, investors are eagerly awaiting NUGX’s 8.3% increase by Round 3 of its presale. The game will go live when NUGX reaches $0.020, growing by 66.6%.
Visit NuggetRush Presale Website
*This article was paid for Cryptonomist did not write the article or test the platform.