Cardano Founder Hints At Exciting Development: Solana and NuggetRush Defy Bearish Market

TLDR:

• Charles Hoskinson has hinted at an exciting integration for the Cardano network.
• Solana is leading the altcoin market rally while the rest of the crypto market sees red.
• NuggetRush has also been bullish with a 90% price pump to set a new ATH. 

Cardano (ADA), one of the top crypto coins focused on research and development, expects a significant upgrade. The founder of the project, Charles Hoskinson, has added excitement about the integration with Firefly, which could be a major shift for the Cardano network.

Meanwhile, the crypto market has experienced a major decline, with prices dropping by as much as double digits. Despite these losses, Solana and NuggetRush have continued to see price increases. Read on to find out how these altcoins have managed to remain bullish.

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NuggetRush (NUGX) Sees 90% Price Increase As It Notches New Milestone 

After six consecutive bullish weeks, the crypto market suddenly turned bearish, with price drops of up to 10% for some top altcoins. In spite of the bearish market, NuggetRush (NUGX) is still bullish, with its price increasing by 90% to reach a new ATH at $0.019.

The bullish approach to NuggetRush was also facilitated by rising investor demand, with the blockchain ICO of the project collecting over $3 million. The support for NuggetRush comes from the belief in the crypto market that it has the potential to be a top crypto to invest in for the 2024 bull cycle.

NuggetRush has built an interactive virtual mining game where players will go on adventures looking for gold and other precious minerals, collecting prizes, and popular NFTs. However, NuggetRush is one-of-a-kind, allowing players to convert their rewards into real gold and cash via its marketplace.

In addition, the project extends its reach into the real world using an impact gaming model. A portion of the profit NuggetRush generates will be sent to poor artisanal miners in underdeveloped countries to improve their lives. The opportunity that NuggetRush promises has fuelled its rapid growth in the past few weeks, as analysts have forecasted gains of up to 50x.

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Solana (SOL) Extends Uptrend, Closes in on the $200 Mark

Like NUGX, Solana (SOL) has managed to defy the strong bearish trend sweeping across the crypto market. On the weekly chart, the Solana altcoin price has increased by more than 17%, briefly trading as high as $185.

The recent SOL price pump can be linked to an increase in network activity fuelled by a frenzy around Solana meme coins. SOL has also continued to show remarkable strength, remaining above the $170 support level. If Solana remains above this support level, it could provide enough momentum for another price upswing.

Charles Hoskinson Hints At Major Integration for Cardano 

Amidst the bearish trend, Charles Hoskinson, the co-founder of Cardano (ADA) has announced a major integration for the network. Hoskinson announced the integration of Firefly on Twitter stating that it is to “test and see if SPOs like it.”

Blockfrost is also part of the collaboration, which will test light consensus on the Cardano network. The integration will also aid the development of applications to help Cardano overcome the layer of complexity between low-level blockchain and business processes.

Despite that is a major breaking announcement, the Cardano coin along with the whole crypto market have been down. Retreating more than 12%, ADA returns to the $0.700 support level after more than a week.

In Summary

All of these top altcoins have recorded huge developments regardless of the either way sentiment in the crypto market. ADA is in struggle with the bulls, but the other coins, Solana and NuggetRush have been mostly bull. Therefore, for those who are wondering which cryptocurrency to buy, NUGX is the best recommendation considering the predictions that are being made ahead of its launch.

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