TLDR

• Solana has outpaced BNB despite the latter’s recent rally.
• Uniswap (UNI) has risen following a partnership with RootStock, a Bitcoin layer-2 network.
• NuggetRush’s (NUGX) gaming adventure has generated widespread attention after rising by 50% since the start of its presale.

BNB has dropped to the fifth largest cryptocurrency by market capitalization, losing the fourth spot to Solana. Elsewhere, Uniswap (UNI) will bridge its services to Bitcoin’s ecosystem via Rootstock.

Yet, NuggetRush’s presale numbers have dominated headlines. After selling over 113 million tokens, analysts say NuggetRush could be one of the best cryptocurrency investments of 2024. Are these predictions reasonable? Let’s discuss.

NuggetRush: Early Buyers Rejoice over 50% Profit

NuggetRush (NUGX) is the realization of a dream shared by many in the play-to-earn community. It features an artisanal mining experience packed with exciting challenges that offer gold and NFT rewards.

The objective of each NuggetRush (NUGX) player is to create a successful mining enterprise. Players will use regular soil sampling and geophysical surveys to search for mineral-packed sites within the game’s landscapes. Gamers must then excavate resources and trade them on NuggetRush’s marketplace.

The game rewards players for competing in mining challenges. It also boosts a player’s mining efficiency after each completed task. Players are advised to continuously increase their mining efficiency because it affects their reward eligibility.

The most lucrative way to earn money on NuggetRush (NUGX) is by selling NFTs. However, players can choose NFT staking instead, earning a high APY depending on the token lock-up duration.

NuggetRush (NUGX) is holding one of the best new ICOs in the crypto market after selling 113 million NUGX tokens. Token sale revenue has surpassed $1.2 million, indicating a growing interest in NuggetRush.

First-round buyers of NUGX’s presale have seen a 50% profit as its value has grown to $0.015. NUGX is now in the fourth round of its presale. Yet, by round 5, NUGX will increase to $0.018.

Uniswap Partners with Bitcoin Sidechain

On December 11, GFX Labs, the team behind the Oku trading terminal announced a partnership with Uniswap (UNI). The partnership would bring Uniswap V3 to the RootStock Bitcoin sidechain. This would leverage Uniswap’s (UNI) technology to bring DeFi services to the Bitcoin ecosystem.

The news coincided with Uniswap’s (UNI) drive to surpass the $6.00 mark. UNI traded at $6.0189 on December 1. Almost three weeks later, UNI declined by 1.6% to $5.9201. However, it jumped by 15.9% to $6.8636.

Uniswap’s (UNI) expansion to RootStock bridges Bitcoin’s ecosystem to the rest of the DeFi world. Analysts say this partnership could make Uniswap one of the top DeFi projects. Already, Uniswap has jumped alongside the crypto market following the bullishness triggered in November. This could further increase UNI’s value by 23.6% to $8.4836.

Solana Dethrones BNB Despite Recent Increase

BNB had entered a bullish sprint following the increased investor sentiment in the crypto market. Yet, it has been displaced by Solana as the fourth-largest cryptocurrency by market capitalization. Although trading activity on BNB’s Binance exchange had increased in the past few weeks, Solana had outpaced it due to the latter’s meme coin activity.

BNB traded at $226.44 on October 31. By December 1, BNB jumped slightly by 0.9% to $228.55. Due to the jump in market bullishness in December, BNB soared by 18.7% to $271.39 on December 23.

BNB’s recent increase comes amid its largely negative performance in 2023. Binance Exchange faced a round of regulatory issues in 2023. Things worsened when its CEO resigned over its passive involvement in money laundering activities.

However, the market bullishness triggered by demand for spot cryptocurrency ETFs has changed BNB’s momentum. Analysts say BNB will rise further by 5.7% to $286.99.