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Shiba Inu burns 774M SHIB, Solana bearish despite congestion fix, NuggetRush introduces NFTs


Solana’s price has plunged 21.8% in the last seven days despite fixing its recent network congestion issues.
The Shiba Inu community has burnt over 774 million tokens in the past week.
NuggetRush’s crypto mining game integrates NFTs with blockchain gaming.

Despite a 21.8% price drop over the last week, investors remain hopeful that the new update will resolve network congestion on the Solana network. The update is expected to bring a positive turnaround in the market for SOL.

At the same time, the Shiba Inu community has burned over 774 million tokens in just one week. NuggetRush, meanwhile, has integrated some of the best NFTs into their new crypto mining game. The target is to offer its users a real-world gaming experience.

NuggetRush (NUGX) raises excitement in the gaming space with NFTs

NuggetRush (NUGX) is building a platform where players can assemble the best mining team to explore and mine precious minerals like gold, silver, and diamond. The platform has trending NFTs, which have different users on its gaming platform.

Firstly, these NFTs serve as the characters of players and give them unique abilities. These unique abilities – speed, mining knowledge, and lots more add fun to the game, making it interesting. In addition to the NFTs acting as characters, there are some rare NFTs called RUSHGEMs.

Fans have described them as the coolest NFTs, as they can be exchanged for real gold, making them one of the most searched NFTs in the game. Lastly, NFTs can be staked to receive a passive income of up to 20% APY. The amount earned as passive income will depend on the amount of stake and the duration of the stake.

Whichever is the case, NuggetRush’s NFTs are being hailed by some as the best NFTs to invest in. The NuggetRush airdrop for its NUGX token is less than a week from now, and investors are excited. The NUGX token, which will be listed at $0.020, could rise 50x after its listing this quarter, according to some chartists.

Solana (SOL) price drops to lows at $120

Solana (SOL) price has been on a steep decline in the past week, dropping 21.8% to $124.69. The “Ethereum killer” was greatly affected by the latest bear market and issues of failed transactions on its network. Meanwhile, Anza, the development team behind Solana, has launched a new update, v1.17.31, to solve the issue of network congestion.

While this is not a major fix, the team said it would release other updates to complete the issue. With this update, we should see positive momentum returning to the Solana ecosystem in the coming days. If this happens, bulls could take SOL to the long-awaited $250 mark.

Shiba Inu (SHIB) community burns 774M SHIB

Shiba Inu (SHIB) has seen a rapid increase in its token burn rates. Data from Shibburn shows that over 774 million SHIB tokens were burnt in the last week. This is an increase of nearly 200%. Despite this uptick in burn rates, the circulating supply of the meme coin still stands at 582.80 trillion SHIB.

Additionally, Shiba Inu, like many other top altcoins, is still trading in losses. The coin’s price has gone down 24.0% in the past week. Its price could increase in the coming days if positive momentum returns to the market.

Final thoughts

Solana investors are expecting the new update to bring a positive wave to the SOL token. On the other hand, Shiba Inu’s massive token burn did not affect its price.

Meanwhile, NuggetRush’s introduction of NFTs to its game makes its native token one of the best altcoins to watch.

The post Shiba Inu burns 774M SHIB, Solana bearish despite congestion fix, NuggetRush introduces NFTs appeared first on CoinJournal.




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