Key Takeaways:
- Optimism has started testing fault proofs on Ethereum's Sepolia test network to help secure withdrawals from the network.
- Cardano's price has dropped into the red region, forcing investors to move to NuggetRush for FOMO.
- NuggetRush is living up to its hype as the best coin to invest in, having seen a 90% surge so far.
Optimism has begun testing fault proofs on Ethereum’s Sepolia test network. This is a major step towards securing withdrawals from the network. Meanwhile, Cardano’s price has dropped deep into the red region. As a result, investors are seeking refuge in NuggetRush due to FOMO on the best DeFi project in the market.
NuggetRush (NUGX) Lives Up To Mega Hype, Emerges As the Best New DeFi Project
NuggetRush (NUGX) is an innovative combination of a meme coin ecosystem and a play-to-earn mining game. It brings players face to face with exciting challenges and gold rewards. NuggetRush will teach players about artisanal mining, as rising through its challenges requires skillful resource management.
In return, players collect valuable resources like gold and sell them on its marketplace. The top DeFi project also offers expansion opportunities. Gamers can purchase more land and expand their mining operations to increase their rewards.
Apart from gaining, NuggetRush also offers rewards for participation in community events. Furthermore, its VIP membership offers access to discounts and private zones in the game.
NuggetRush’s crypto ICO has been a success, selling over 241 million tokens and raising $3 million. At the moment, NuggetRush’s utility coin, NUGX, is priced at $0.019, an increase of 90% so far. Analysts have predicted a 100x surge after NUGX is listed on top exchanges in the coming months.
Optimism (OP) Starts Testing ‘Fault Proofs’ on Ethereum’s Sepolia
OP Labs, the firm behind Optimism’s blockchain, started the trial of fault proofs on Ethereum’s Sepolia test network on Tuesday. This comes after it launched the first version of these proofs on the Goerli test network in October.
Karl Floersch, the co-founder of Optimism, said the proofs will be integrated into Ethereum’s main network later this year. The deployment of Sepolia marks a significant step towards achieving a safe network.
It will help secure withdrawals from the network and attract more users to the layer-2 network. Meanwhile, Optimism’s OP token has not been one of the bullish altcoins in the market. The altcoin is trading in the $3.04 – $4.53 price range with a loss of 23.2% on the weekly price chart.
Cardano (ADA) Price Plummets
Cardano (ADA) has witnessed some short-term price fluctuations in the past month despite the bullish momentum the market experienced recently. According to data from CoinMarketCap, the price of Cardano has plunged 20.0%, 15.3%, and 2.8% on the weekly, monthly, and yearly price charts.
Additionally, the altcoin price movement has been very poor as it remains under the $1.00 mark. ADA is currently fluctuating around the $0.5804 – $0.801 price range and is trading under the 50-Day SMA ($0.612589).
Its technical indicators are currently bearish. The RSI indicator has been on a steep slope and has dropped to 38.48. Nevertheless, top analysts like Ali Martinez are still bullish about Cardano and have predicted a price forecast of $5.00.
Final Thoughts
Cardano investors have turned their attention to NuggetRush as the best cryptocurrency in the market due to its unique offering. Analysts believe its upcoming launch will be a major catalyst for huge price growth in the coming weeks. This makes it the best crypto to buy right now.
