TLDR:
- Solana has soared past its December high of $125.
- Stacks has witnessed a little price correction.
- NuggetRush’s price has increased by 80% since the start of its presale.
Solana has reached new heights, surpassing its previous December peak of $125. Additionally, NuggetRush has seen an impressive 80% price increase since the beginning of its presale.
This makes Solana and NuggetRush the best altcoins in the market. Meanwhile, Stacks has experienced a minor price correction.
Solana (SOL) Price Touches December High
Solana (SOL) is up on the charts and has risen from a 7-day low of $98.63 to a peak of $125.52. The latest price surge witnessed by altcoins has pushed the Solana coin to its December peak.
Meanwhile, the general sentiment surrounding Solana is bullish as its Fear & Greed Index is showing 80, which is Extreme Greed. Also, Solana has recorded 15 (50%) green days In the past 30 days, signaling a draw between bulls and bears.
However, bulls have the upper hand when looking at the moving averages. Solana’s price has soared past the 50-Day SMA ($98.14) and 200-Day SMA ($58.33).
If the bulls maintain this bullish price action, Solana could pump more gains in the coming trading sessions. Analysts have predicted the price of Solana to rise 11.14% and reach $132.59.
NuggetRush (NUGX) Soars 80% in Blockchain ICO
NuggetRush (NUGX) has quickly become one of the most promising new ICOs on the market thanks to its innovative GameFi model. This unique concept has sparked massive interest, leading to the sale of over 203 million tokens during its presale phase, raising over $2.6 million in the process.
In addition, the starting price of $0.010 for NuggetRush’s NUGX token has climbed by 80% to $0.018 currently. An emerging platform called NuggetRush will combine meme culture with play-to-earn (P2E) gaming.
It will give users financial independence and promote a community among miners and cryptocurrency devotees on a local scale. Players engage in virtual mining expeditions in the game in search of gold and other precious materials that can be traded for actual cash or gold.
Crucially, NuggetRush will have a number of popular NFTs as well as an NFT market area where users may exchange in-game items for cash. Because of this, NuggetRush is now one of the best DeFi projects to invest in.
Stacks (STX) Sees Price Correction
While Solana and NuggetRush are topping the charts, Stacks (STX) has witnessed some price corrections, dropping from its one-year high of $3.38 to $3.05. Despite this backdrop, Stacks coin still has gains of 13.1% and 90.7% on the weekly and monthly price charts, respectively.
Nevertheless, Stacks technical indicators are bullish. Firstly, the altcoin price is traded above the 50, 100, and 200-day SMAs, which is a sign that bulls have the upper hand. Additionally, Stacks 14-day RSI is in the overbought region which is above 70.
The RSI indicator suggests that the price of Stacks will increase. Analysts are forecasting a likely surge to $4.30 in the short term as FOMO increases in the market. Long-term targets include $5.10 and $6.50.
Final Thoughts
Given the positive sentiment surrounding Solana and NuggetRush, they have become the best coins to HODL in the market. According to analysts, their prices could increase in the coming weeks as more buyers enter the market.
