TLDR:
- Analyst Van de Poppe has explained that the altcoin bottom has been hit.
- Solana and BNB are the top altcoins poised for a major breakout.
- NuggetRush could be the dark horse of this bull market as it targets $1.
The recent crypto crash may be over, as top crypto analyst Van de Poppe has called the bottom of the altcoin market. After bottoming, many analysts expect altcoins to embark on a huge rally. Some of the altcoins to watch in this altseason are Binance Coin (BNB), Solana (SOL), and NuggetRush (NUGX).
NuggetRush (NUGX) Targets $1, Boosted By Uniswap Listing and Airdrop
NuggetRush (NUGX) is one of the new DeFi projects that has garnered significant attention in the crypto space for combining NFTs, meme culture, GameFi, and play-to-earn (P2E) elements. The unique ecosystem of NuggetRush brought it large interest from investors, as the project was able to raise over $3.8 million during its crypto ICO.
With the presale completed and NUGX listed on Uniswap, NuggetRush is moving to the next phase, which includes the NUGX airdrop and the launch of the game. The NuggetRush game offers different ways of earning, such as RUSHGEMs, character NFTs, and trading of in-game assets. The platform allows peer-to-peer trading of popular NFTs created by players.
Within the NuggetRush game, players can hire workers, rent equipment, and sell what they mined to get profits. Complex tasks have higher rewards, which encourage skills development and cooperation with other players. Another standout feature is the impact gaming model.
NuggetRush will help out poor artisanal miners in underdeveloped countries, making it one of the few social impact DeFi projects. Its native token, NUGX, has just been listed on Uniswap at a price of $0.020. With the airdrop looming and its impact gaming model gaining popularity, investors are optimistic that NuggetRush could peak at $1.00 in this bull cycle.
Binance Coin (BNB) Holds Off Bears, Prepares for Big Move
Among the top 10 altcoins, Binance Coin (BNB) has shown the most strength in the bearish crypto market. In addition to its resilience, BNB has recovered from the $515 support to the $560 level.
Binance recently announced that Dubai’s crypto regulators have granted the exchange approval to extend its services in the city. In addition, the exchange is preparing to return, further improving the sentiment of BNB. As a result, bullish traders in the derivatives market have increased, with many traders expecting a potential rally to $700 in the coming weeks.
Solana (SOL) Primed for a Recovery
Solana (SOL), unlike Binance Coin, suffered major losses in the recent crypto market crash. From a monthly high of $205, the price of Solana dropped to a low of $120. However, SOL has begun a recovery, with the altcoin price crossing the $145 level.
This recovery could be extended in the coming days, as the Solana team recently passed an update to fix the congestion issues on the network. For a SOL uptrend to continue, bulls need to face resistance levels at $150 and $180. If these levels are successfully crossed, Solana could look to rally above $200 in the coming weeks.
Final Thoughts
With Van de Poppe confirming the bottom of the altcoin market, Solana, Binance Coin, and NuggetRush are among the best altcoins to buy now. While SOL and BNB are top-tier altcoins, the newer NuggetRush has exciting events lined up that set it up nicely for a parabolic run to $1.00.