TLDR
- BIT Exchange plans to launch Solana (SOL) options trading in response to surging institutional demand. Solana has become a leading blockchain, gaining over 400% in 2023 with a growing user base and developer activity.
- THORChain’s (RUNE) price surged by 56% to $6.09 on November 17, 2023, coinciding with its rise as the third-largest decentralized exchange (DEX) by trading volume.
- NuggetRush (NUGX) is revolutionizing meme coins by introducing practical utility through play-to-earn gaming. Gamers can build a mining empire, collect NFTs, and earn income through various in-game activities.
BIT Exchange announced the launch of Solana (SOL) options trading, responding to the escalating institutional demand. Simultaneously, THORChain’s (RUNE) meteoric rise to become the third-largest decentralized exchange by trading volume signals a shift in the DeFi arena.
Meanwhile, NuggetRush’s (NUGX) play-to-earn gaming platform challenges the volatility and lack of practicality often associated with meme coins. Will NuggetRush rise to dethrone Solana and THORChain? Let’s explore here.
What you'll learn 👉
BIT Exchange Announces Launch of Solana (SOL) Options Trading Amid Surging Institutional Demand
On November 22, 2023, the BIT exchange issued a statement alleging that the company would launch Solana (SOL) options trading after the massive surge in institutional demands. This decision was much awaited by crypto market enthusiasts within the crypto space as Solana (SOL) recently emerged as a top-tier blockchain protocol, boosting the decentralized financial markets.
Solana (SOL) recently gained considerable traction in the crypto space as it emerged as a top Ethereum (ETH) competitor. Moreover, Solana (SOL) has seen an impressive year-to-date surge, exceeding 400%, supported by increased institutional demand. Solana (SOL) has also recorded a surge in developer activity and a growing user base.
Interestingly, Solana (SOL) is the fastest-growing top 10 chain in total value locked (TVL) at a 100% surge in the past month, according to DeFiLlama. Solana (SOL) constantly ranks among the most traded altcoins on exchanges in 2023, exceeding most other top altcoins. Nonetheless, the coin has dropped recently due to a bearish trend in the whole crypto market.
On November 22, 2023, Solana (SOL) was trading at $54.73. Analysts expect SOL to rebound to reach $61.50 by the end of 2023, supported by developments on its network.
NuggetRush (NUGX) Transforms Meme Coins with Play-to-Earn Gaming and Practical Utility
Meme coins have lacked practical utility previously and have always been highly volatile. However, since NuggetRush (NUGX) entered the scene, everything seems to have changed. Designed like other play-to-earn (P2E) games, NuggetRush (NUGX) lets gamers earn an income using enjoyable in-game experiences.
NuggetRush (NUGX) requires players to build a mining empire via site discovery and teamwork. Gamers set up mining facilities, collect rare non-fungible tokens (NFTs), trade in-game assets, and create expert teams to reach the “master miner” status. This status lets them amass wealth through their NuggetRush (NUGX) mining empire.
Moreover, NuggetRush (NUGX) provides many income streams via in-game operations and activities. In that context, gamers earn rewards and NUGX through battles, quests, and tournaments. They can also sell their in-game collectibles on NuggetRush’s marketplace.
Remarkably, NuggetRush supports artisanal mining communities in remote countries. With all these use cases, NUGX is undoubtedly a good crypto to buy.
NuggetRush is in round 2 of its presale, with each NUGX coin valued at $0.012. Transitioning to round 3 will see the token’s value increase to $0.013 as it progresses toward its listing price of $0.02, a 67% ROI for the current buyers. These impressive potential gains make NUGX a top crypto to buy now.
THORChain (RUNE) Skyrockets 56% to $6.09, Securing Third Spot in Decentralized Exchange Rankings
On November 17, 2023, the price of THORChain’s RUNE gained 56% to reach $6.09. The notable surge aligns with THORChain’s (RUNE) recent achievement of becoming the third-biggest decentralized exchange (DEX) by trading volume, surpassed only by PancakeSwap and Uniswap.
THORChain’s (RUNE) trading volume hit $1.32 in the past ten days, with a daily volume of $334.3 million, displaying a massive and quickly growing ecosystem.
Investors seem attracted to THORChain’s (RUNE) distinct value proposition as a multichain version of Uniswap, enabling users to smoothly swap native Bitcoin for Ether on the THORSwap decentralized exchange. The unexpected speed of THORChain’s (RUNE) surge, seen by core developer Chad Barraford, sparked positive sentiment.
The combination of increased utility and market recognition may help contribute to a sustained bullish momentum for THORChain (RUNE) in the long term. On November 22, 2023, THORChain (RUNE) was trading at $5.76, down 0.63% in the past week.
Experts say THORChain (RUNE) will reach $6.95 by the end of 2023, supported by developments on its network.
Visit NuggetRush Presale Website
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