Fidelity’s Ethereum Spot ETF Faces Delay As Solana and NuggetRush Seek To Outperform ETH


  • The SEC has delayed its decision on the Fidelity spot Ethereum ETF by 45 days.
  • Top market experts have predicted that Solana will outperform ETH this year.
  • The innovation of NuggetRush has led to predictions of up to 50x for its native token.

Ethereum (ETH) was expected to be next after the SEC decision on Bitcoin ETF. However, in a recent report, the Securities and Exchange Commission has extended its decision on the Fidelity spot Ethereum ETF for 45 days.

In other news, the founders of Glassnode have predicted that Solana (SOL) will outperform ETH by an outstanding 500%. Also, NuggetRush looks to be among the top altcoins of the 2024 bull market, with predictions of a 50x price surge. Let’s find out why experts are bullish about these altcoins.

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GameFi Revolution To Cause 50x NuggetRush (NUGX) Price Surge

Amidst the upsurge of the GameFi sector, NuggetRush (NUGX) has been identified as the potential market leader. This new innovative platform was specifically designed to allow players to gain value from their time spent gaming.

NuggetRush issues digital rewards like other P2E titles but takes it further by rewarding its gamers with real gold. Players will enter this hyperrealistic virtual world which depicts the gold rush. They will set up mining operations where they seek to discover gold and other precious minerals. For every successful operation, players are rewarded with digital assets and ERC20 coins, NUGX.

These rewards can then be converted to real cash and gold via the in-game marketplace. Players can choose for the gold to be delivered to their location. NuggetRush will host a platform that will give players access to some of the coolest NFTs in the play-to-earn gaming sector. These NFTs can be staked to further get rewards reaching 20% of their value.

These features have not only set NuggetRush apart from the competition in the GameFi sector but also made it one of the top DeFi projects. Amidst the surge of interest in the project, market experts have forecasted gains of up to 50x for NUGX. Still trading at only $0.018, NUGX is one of the top crypto coins you can buy in 2024.

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Spot Ethereum ETF Delayed By the SEC

The SEC has announced a 45 days delay for its decision on Fidelity’s spot Ethereum ETF. On the flip side, five new leveraged Bitcoin ETFs have just been filed. This comes after several fund managers met the ETF acceptance criteria set by the SEC.

The decision to delay spot Ethereum ETF is to allow the SEC “enough time to consider the proposed rule change and the issues raised.” This means that Ethereum enthusiasts would need to wait even longer before they get a spot ETF.

The report has turned the sentiment of Ethereum slightly bearish. After holding above the key $2,500 support level for over a week, ETH has dropped to the $2,400 level. This has sparked concerns among its community members.

Glassnode Founders Predict Solana To Outperform Ethereum

While ETH deals with a price drop, Jan Happel and Yann Allemann, the co-founders of Glassnode, have predicted that Solana will outperform the leading altcoin. According to the prediction, a major rally on the SOL/ETH chart will erupt in 2024.

They have predicted that the SOL/ETH ratio will increase from approximately 0.76 over the next year. This represents a 500% price rally for Solana. This prediction has made Solana one of the best altcoins to buy in 2024.

Closing Thoughts

While Fidelity’s Ethereum Spot ETF delay may be disappointing for some investors, Solana investors look to a bright future. Meanwhile, investors looking for the best coin to invest in should look the way of NUGX.

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