TLDR:
- Stacks has surged to a new all-time high after a new upgrade approval.
- Coinbase has announced that it will launch futures trading for Dogecoin by April.
- NuggetRush, a Dogecoin rival, has been forecasted to rally above the $1 mark soon.
In the recent crypto market recovery, Stacks (STX) has been one of the most bullish altcoins, rallying by 30% to set a new all-time high (ATH). The recent price pump comes after the Stacks community approved Nakamoto, a major upgrade for the protocol.
One of the leading crypto exchanges, Coinbase, has announced plans to launch futures trading for Dogecoin by April. Meanwhile, DOGE has a new contender, NuggetRush, one of the new gaming tokens poised to lead the 2024 bull market.
Coinbase To Launch Dogecoin Futures, DOGE Rallies
One of the leading centralized exchanges, Coinbase, has announced its plans to launch Dogecoin (DOGE) futures as early as April. Coinbase Derivates will launch futures for Dogecoin along with Litecoin and Bitcoin cash.
In explaining its reason for launching Dogecoin futures, Coinbase stated that Dogecoin’s “enduring popularity” hints it has transcended its meme origins. Unlike ETH memecoins and the newer Solana memecoins, Coinbase said that Dogecoin has become a staple in the cryptocurrency industry.
The announcement has ignited a fresh wave of Dogecoin rally. The price of the meme coin has increased by more than 15%, pushing its 30-day gains to 75%. The rally has pushed the price of DOGE above the $0.1516 level.
Dogecoin Rival, NuggetRush (NUGX), Poised for Major Rally
In the fast-paced meme coin market, NuggetRush (NUGX) has emerged as one of the leading Dogecoin competitors. NuggetRush is tipped to become one of the 100x tokens of 2024 because of the improvements it brings to the meme coin market.
Unlike most new meme coins fuelled solely by hype, NuggetRush is a hybrid token, blending meme culture with play-to-earn gaming and NFTs. The focal point of NuggetRush is its P2E game, where players compete to win mining challenges to extract gold and other valuable minerals within its virtual world.
The game also features some of the coolest NFTs characters, which players can use in collaboration with other players. NuggetRush’s utility token, NUGX, an ERC20 coin that will be used to pay out rewards to players and finish network transactions, is an important component of the game.
There has been a lot of demand for NUGX due to the optimistic forecasts. Investors currently consider NUGX to be the best DeFi crypto, leading to the purchase of over 242 million tokens in the last few weeks. Further strengthening this opinion is the current price range of NuggetRush, which is only $0.019 per coin.
Stacks (STX) Surge To New ATH in Anticipation of Major Upgrade
Stacks (STX), the leading layer-2 protocol for the Bitcoin network, has seen its price increase by more than 30% to set a new all-time high. Stacks increased above $3.50 for the first time in history after it was announced that the Nakamoto upgrade was approved by the community.
The announcement specified that the upgrade will be implemented on the testnet on March 25th and that mainnet activation is scheduled in May. Nakamoto represents a significant improvement because it will raise the block times and network security. Therefore, the transactions on Stacks will be irreversible like Bitcoin’s.
In Summary
The upgrade, Nakamoto, is a huge step into the future for Stacks, which is what is driving its bullish momentum. Meanwhile, NuggetRush has emerged as a top crypto to buy, as it represents the future of meme coins, launching with a host of utilities the likes of Dogecoin lack.
Visit the NuggetRush Presale Website
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
