Key Takeaways:
- Ethereum Classic (ETC) has rallied more than 60% since the approval of Bitcoin ETFs.
- Sui has also been on the rise, with its TVL surging to a new all-time high.
- NuggetRush has emerged as the altcoin with the biggest potential in the 2024 bull market, with a 25x price forecast from experts.
The cryptocurrency market recorded its biggest gains in weeks following the approval of 11 spot Bitcoin ETFs. Ethereum Classic (ETC) has emerged as the biggest gainer since the announcement, rallying by more than 60%.
Sui (SUI) is one of the top altcoins milking the bullish market, with its TVL surging to a new all-time high (ATH).
NuggetRush (NUGX) Predicted To Lead the 2024 Altcoin Rally
As we enter another alt season, NuggetRush (NUGX) has emerged as one of the top DeFi coins. NuggetRush (NUGX) has built a captivating play-to-earn (P2E) game that transports users to a virtual world of gold and mineral mining. However, NuggetRush has grown in popularity thanks to its impact gaming model.
With its impact gaming model, NuggetRush has expanded its use into the real world. Within the game, players will team up with other players and even experienced mining crews. They will set up mining facilities as they search for treasures. Most importantly, players can exchange in-game awards for real money.
In the real-world, the NuggetRush team will send a portion of the in-game rewards to artisans from underdeveloped countries engaged in mining. This unique use case has made NuggetRush one of the top DeFi projects to launch.
Thanks to this, NuggetRush has received immense support from the crypto community. The ERC20 token of the ecosystem, NUGX, has also been bullish, increasing to a new high at $0.015. However, as the impact gaming model sees more use, analysts have predicted a potential 25x rally for NUGX in 2024.
Sui (SUI) Hits the $1 Mark, Analyst Backs the Coin for More Gains
For the first time since May 2023, the price of the Sui (SUI) crypto has touched the $1 mark. This incredible milestone comes after the coin increased by 50% on the weekly chart. The surge can be linked to an increased interest in the Sui crypto.
Sui was one of the top crypto coins in terms of trading volume. The trading volume of the SUI surged past $890 million for the first time in months. Even after this rally, the popular Jacob Crypto Bury, the altcoin price could increase further into 2024.
Jacob explained that the DEX volumes on the Sui network have been surging to new highs. In addition, the total value locked (TVL) on the network has increased to a new ATH at $273 million. With these positive signs, SUI could rally as high as $1.50 in the coming weeks.
Ethereum Classic (ETC) Benefits From Ethereum’s Rally
The price of Ethereum Classic (ETC) blasted off, gaining more than 65% following the approval of the spot Bitcoin ETFs. ETC rallied to $32.00 for the first time since September 2022. The approval has opened a window of opportunity for the potential approval of an Ethereum ETF.
The crypto news was what caused the price of ETC to spike. However, there is hope for a continuous price increase for Ethereum Classic. In the coming weeks, the Ethereum Classic network will launch a new upgrade, Spiral.
The upgrade will bring the ETC Network up to speed with upstream EVM standards. The Spiral Upgrade will make contract development and migration easier. The price of ETC could rally as high as $40.00, making it one of the best altcoins to buy.
In a Nutshell
The cryptocurrency market has entered yet another bullish phase, as evidenced by the market-wide increase. Sui, Ethereum Classic, and NuggetRush have emerged as the top three altcoins to watch in this bull market.
While these three coins are expected to see significant gains, NUGX has shown the most potential. The innovative features of its parent platform and impact gaming model make it one of the best altcoins to buy in 2024.
