Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
According to recent research, Tron appears to be well-positioned to emerge as the leading stablecoin payment network, even with the multitude of blockchain networks that have already launched. Tron is a better blockchain for payments than other blockchains because of its scalability and affordability.
In other news, indications of a bullish breakout have been noted by Cardano (ADA) and NuggetRush (NUGX). These altcoins appear to be about to see a significant price spike. Continue reading to discover more about these exciting new cryptocurrencies.
Tron (TRX) poised to lead stablecoin payments
Alongside cryptocurrencies, stablecoins have become one of the most preferred means of payment. With time, the use of stablecoin payments has grown significantly, and Tron (TRX), with its cheap and highly scalable blockchain, has emerged as an ideal network for payment.
In fact, as stated in the analysis, Tron has now become one of the biggest stablecoin payment networks. Tether is valued at over $93 billion, with more than 50% issued on Tron. Interestingly, the research has it that Tron has overtaken not only Solana but also BNB as well to become one of the largest stablecoin payment networks other than Ethereum.
At the end of 2023, TRON had almost a third share in the global market for stablecoins. $1.2 trillion in trades were done with the network in the fourth quarter of 2023. Based on the report, TRX appears to be able to become an industry leader in stablecoin payment with its rapid growth.
NuggetRush (NUGX) gains 80%, prepares for massive surge
Over the past few weeks, NuggetRush (NUGX) has been one of the best-performing top altcoins. Following an 80% price increase, NUGX has soared to a high of $0.018 per coin. However, the DeFi project looks poised to form a new ATH in the coming weeks.
NuggetRush has been building momentum thanks to its very unique GameFi ecosystem. This immersive P2E game takes players back to the age of the gold rush. Players will compete against other miners and mining firms in search of gold and other precious metals, just as they did during the gold rush.
As players advance in the game, they can upskill, expand their mining operations, and collaborate with other miners to increase their chances of finding more gold. Where NuggetRush has received praise as one of the best DeFi projects is in its rewards.
While players receive in-game rewards, they will be able to convert them to real cash, gold, and NUGX tokens. This unique reward model has increased the demand for the NUGX token, with over 173 million already sold in the cryptocurrency ICO phase. It’s this outlook that has analysts forecasting a potential 50x price surge as the project prepares to launch in the first quarter of 2024.
Cardano (ADA) sees 10% price lump, looks to extend gains
Cardano (ADA) has finally broken out of its multi-week consolidation with a 10% price increase. The altcoin’s price was stuck under the $0.5000 resistance for most of the past month. However, ADA has now rallied to highs of $0.5300.
The recent rally also hints at more price increases for Cardano. Top market analyst Ali Martinez has suggested that the price of Cardano could increase by up to 32% if it holds above the $0.5300 level. Martinez has set a price target of $0.630 for the altcoin.
As demand for stablecoin payments continues to rise, it’s clear that TRON could emerge as the biggest network for payments. Meanwhile, as Cardano looks set to extend its gains, while NuggetRush has emerged as one of the best cryptocurrency investment for 2024.
For all thing NUGX you can visit the NuggetRush presale website.
The post TRON poised to lead Stablecoin payments; Cardano (ADA) and NuggetRush (NUGX) ready for bullish breakout appeared first on Invezz
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.