Solana (SOL) Consolidates As Developers Fix Network Congestion: Major Rallies for Dogecoin (DOGE) and NuggetRush (NUGX) on the Horizon
TLDR:
- The Solana developers have resolved the network congestion, but SOL keeps consolidating.
- Jaydee believes Dogecoin may achieve an all-time high of over $1.5 in 2024.
- The growth trajectory of NuggetRush points to a $1 milestone in this bull cycle.
Solana just experienced one of the worst network congestion in history, which caused the altcoin price to decline. Although developers have solved the congestion issue on the network, SOL consolidates between $160 and $200.
In the meantime, Jaydee, a renowned cryptocurrency analyst, predicted a huge price surge for Dogecoin. NuggetRush is another cryptocurrency that looks set to rally and a price target has been set at $1.00.
$1 Price Target Set for NuggetRush (NUGX) As Momentum Builds
NuggetRush (NUGX) is one of the few presale tokens that gained massive momentum and set multiple milestones. Over 270 million NUGX tokens were sold, helping the project raise over $3.8 million in its cryptocurrency ICO.
This new project captured the attention of the cryptocurrency community because of its unique blend of play-to-earn gaming, GameFi, NFT (non-fungible token), meme culture, and a unique staking feature. NuggetRush is now referred to as one of the best gaming tokens, as it boasts one of the best opportunities for passive income generation.
Within the game, players will go on a mining adventure, earning gold and popular NFTs along the way. Players will select their artisanal miners, equipment, and location for mining. The virtual gold and precious miners discovered in the game can be traded for gold, cash, or NUGX tokens within the NuggetRush marketplace.
Players who have the opportunity to find the very rare RUSHGEM NFT can further stake them for APYs of up to 20%. As NuggetRush gains more momentum, analysts have forecasted a massive price surge for NUGX. While NUGX will be listed at $0.020 after its airdrop, which is in less than two weeks, the ERC20 coin has a price target of $1.00 in 2024.
A Major Price Rally on the Horizon for Dogecoin (DOGE)
In March, Dogecoin (DOGE) shined along with other top memecoins, increasing by more than 90%. While DOGE has struggled to replicate the same bullish performance in April, a top crypto analyst, Jaydee has forecasted a major bull market for Dogecoin.
According to Jaydee, Dogecoin is showing the same pattern in the 2017 and 2020/2021 bull markets. He predicts that if DOGE can replicate the same performance, its price could increase above $1.50 in this bull market, a new ATH for the meme coin.
Solana (SOL) Consolidates Despite Fixing Network Congestion
Solana (SOL) recently suffered a huge congestion on its network, which caused approximately 75% of all non-voter transactions to fail. The network congestion caused many developers to halt the deployment of their projects on Solana. However, the development team behind Solana has announced a fix for the problem.
Despite fixing this major issue that has plagued Solana, the altcoin price has remained in a consolidation phase. Over the last month, the price of SOL has traded between the narrow range of $160 and $200. Solana bulls will need to push its price above $200 to continue its uptrend.
In Conclusion
The consolidation of Solana is in direct contrast to the trend expected for Dogecoin and NuggetRush. These cryptos present a great opportunity for portfolio building to those investors looking for which crypto to buy today.
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