Solana (SOL) Trading Volume Doubles Ripple (XRP) As Altcoin Movement Increases
The post Solana (SOL) Trading Volume Doubles Ripple (XRP) As Altcoin Movement Increases appeared first on Coinpedia Fintech News
TLDR
- Solana DEXs’ trading activities surged past 177%, and its token reached a 20-month price peak.
- Despite fluctuations in Ripple’s price, XRP has maintained a steady trajectory.
- The altcoin market is booming, and the NuggetRush presale has witnessed massive sales of its high-utility NUGX tokens.
There are notable developments in trading and fundraising activities in the digital market. Solana’s (SOL) trading volume has more than doubled compared to Ripple’s (XRP); trading volume refers to the total worth of a crypto traded during a specific period. In this case, SOL is experiencing significantly higher trading activity than XRP, exemplifying the growing prominence of certain decentralized finance (DeFi) altcoins.
Moving to the initial coin offering (ICO) sector, the much-discussed NuggetRush (NUGX) project raises nearly $2.8 million in its blockbuster presale. NuggetRush is a relatively new meme coin that combines cryptocurrency investment, game finance (GameFi), and blockchain technology. It incorporates play-to-earn (P2E) gaming and real-time income and features an enticing and popular NFT market on its platform.
This read uncovers Solana’s and Ripple’s recent on-chain activities and the bullishness behind NuggetRush’s top ICO as the altcoin movement increases.
NuggetRush (NUGX): The Standout Meme AltcoinNuggetRush introduces a P2E game that enables players to earn real rewards through virtual mining. These valuable rewards are convertible to gold and cash and delivered to their doorsteps. The platform enhances the gamer’s experience by offering customizable popular NFT characters. Users can boost their personnel and mining operations, increasing productivity and potential gains.
The platform also fosters cooperation by allowing players to collaborate, form bigger mining teams, and split their rewards. Because of this democratic reward system, every player in NuggetRush has an equal opportunity to earn. This top ICO is divided into five rounds plus an extra launchpad round, each with higher pricing than the last as it progresses. NUGX is in the launchpad stage, with each token selling at a discounted DeFi coin price of $0.019.
NuggetRush presale’s liquidity is closing in on $2.8 million by selling approximately 214 million tokens. This demand foreshadows a potential high post-launch demand that could push NUGX from its outlined $0.020 listing price to deliver lucrative returns to current investors. NUGX‘s vesting period spans five rounds after its presale, letting investors claim their purchased tokens according to the presale round they participated in. The tokens are selling quickly, and with the 10% DeFi coin price increase by the launch, only about 10.5 million tokens remain for sale.
Solona (SOL): DEXs And Token’s Trading Volumes See Massive IncreaseSolana‘s decentralized exchanges (DEXs) have shown remarkable surges in trading volume, especially from March 2 to March 6. Per the updates shared by a Chinese crypto reporter, Colin Wu, the DEX trading volume on Solana reached $2.85 billion on March 5, marking a new daily high. Before this timeframe, Solana‘s DEXs showed a remarkable trading volume of $11.24 billion, recording a 177% uptick in a week.
According to Coingecko data, SOL‘s trading volume has been over $6.3 billion in the last 24 hours, representing about a 10% increase from the previous day. Currently sitting at a 20-month high of $144, SOL has experienced a 7-day surge of about 10% and a 30-day hike of 50%. As SOL secures its position in the top 5 cryptocurrencies and receives an inflow of massive liquidity, it’s rapidly moving towards reaching its critical $150 support level.
Ripple (XRP): Records Spectacular Increase In Adoption And DistributionAccording to the most recent data from XRPL Services, an XRP Ledger explorer, over five million accounts currently hold 59.8 billion XRP, demonstrating increased demand and interest in the digital asset. Even though the XRP price has relatively underperformed compared to other altcoins, this data, which reveals the number of accounts and total XRP holdings, might demonstrate resilience on the part of the holders. Despite initial fluctuations in Ripple‘s activities, it has managed to maintain a steady trajectory.
Conclusion
Solana’s recent performance, which outshines Ripple, emphasizes that altcoins and the global cryptocurrency market are on a tear. Also, NuggetRush is taking the crypto market by storm with its stellar presale performance, appealing to investors seeking ventures in the meme coin sector with tangible utility, development, and payout potential. Visit the NuggetRush website below to participate in its ongoing presale at a discounted price.