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bitcoin's rise could impact ORDI as Solana recovers from the outage caused by the bug. She draws attention to NuggetRush's 80% increase.
The recent rise in bitcoin price has positively affected ORDI, pushing it into the $70.00 range. Solana also clarified the reasons for the interruption of its network on February 6.
Nugget Rush (NUGX), a mining game based on ethereum, could change investor behavior in the coming months. Its pre-sale has raised $2.2 million after selling more than 182 million NUGX tokens.
ORDI rises to $70 range amid bitcoin surge
Ordi has surprised investors with a 24-hour surge that coincided with a bitcoin surge. Due to the slow performance in January, Ordi fell below the $70.00 range. Despite its market cap surge in late November 2023, Ordi's bullish momentum weakened in early 2024.
However, that trend could change after its February jump. ORDI was trading at $74.23 on January 15. It fell 25.9% to $54.99 on January 23. On February 8, ORDI had risen slightly 7.1% to $58.91 before a 20.5% jump to $71.04 on February 12.
Some analysts attributed Ordi's sudden rise to the growth of bitcoin. bitcoin had risen to $52,000 on February 15. Analysts say this could signal another market bull run. If bitcoin remains bullish, Ordinal activity could continue, lifting ORDI price 12.3% to $79.84. ORDI could also become one of the leading cryptocurrencies.
Solana attributes network outage to infinite loop error
The team behind Solana explained that its recent 5-hour network outage was caused by a bug loop identified a week earlier. He further explained that the developers had only implemented a fix for one of the triggers, which caused the mega outage in Solana.
Despite the disappointment of the outage, the performance of the Solana token has improved. SOL was trading at $84.27 on January 23 before rising 19.1% to $100.44 on February 2. Following its mega blackout on February 6, SOL fell 3.5% to $96.86. A week later, SOL rose 15.6% to $111.99 on February 12.
Solana could rise further due to its asset tokenization plans. On January 24, Solana introduced token extensions that provide flexible and secure tools for digital and real-world assets. This could significantly boost defi activity on Solana. It could also increase SOL's value by 11.4% to $124.84, increasing its FOMO in the first quarter of 2024.
NuggetRush will attract users from major gaming networks
NuggetRush (NUGX) is positioning itself as a major player in the gaming industry by introducing a unique ethereum-based game that rewards players with gold. The game challenges players to become artisanal miners, competing for gold and mineral resources, and offers a novel approach to in-game rewards.
Players can improve their chances of winning by expanding their mining operations, including hiring additional workers and acquiring more equipment, which will generate greater nft rewards. Additionally, NUGX provides the opportunity to stake NFTs, with rewards of up to 20% APY, a feature that sets it apart from other gaming cryptocurrencies.
As NuggetRush moves forward with its pre-sale, currently in the fifth round with a token value of $0.018, anticipation is building for its next price increase to $0.020. This step is crucial for the future of the project as it will determine its position in the cryptocurrency market and its attractiveness to both players and investors.
Visit the NuggetRush pre-sale website
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