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TLDR:
- Solana (SOL) has crossed the last major resistance at $115 before a major surge, according to Altcoin Daily.
- The crypto analyst says Cardano’s expansion could fuel its massive price gains in 2024.
- NuggetRush (NUGX) looks poised for a 25x price surge as its revolutionary GameFi ecosystem prepares to launch.
The cryptocurrency market has trended higher over the past few weeks, confirming previous predictions of a major bull market in 2024. As we head into the bull season, the popular crypto analyst channel Altcoin Daily has picked their top altcoins to buy.
Solana (SOL) and Cardano (ADA) are two altcoins poised for a major price pump in 2024, according to Altcoin Daily. Another altcoin that other analysts have their eyes on is NuggetRush, following its 80% price pump. Read on to find out why these are the top crypto coins to buy for the 2024 bull market.
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Altcoin Daily Bullish on Solana (SOL) in 2024
Solana (SOL) impressed the crypto market in 2023 with gains of approximately 1,000%. SOL has now become Altcoin Daily’s second-top pick for coins to buy and HODL in the 2024 bull market. According to the analyst, many influential figures have picked Solana as one of the crown jewels of the 2024 bull cycle.
This can be seen in the increased liquidity entering into Solana. In 2024, SOL-based products received the most inflows from institutional investors, outperforming even Ethereum. Altcoin Daily also cites favorable metrics and technical analysis that support a major price upswing.
Thanks to a 15% price surge on the weekly price chart, the Solana coin has now moved above the key resistance at $115. Forming support above this level hints that the price of SOL could rally as high as $150 in the coming week.
NuggetRush Could Experience a Mega Breakout in 2024
Like SOL, NuggetRush (NUGX) has been building bullish momentum over the past few weeks. The price of NUGX has increased by 80% in the past few weeks, making it one of the best altcoins. Even after this impressive showing, many top analysts expect NuggetRush to experience a mega breakout in 2024.
A major reason for the bullish sentiments towards NuggetRush is its revolutionary GameFi platform that is set to launch soon. NuggetRush offers an intriguing combination of gaming, NFT staking, and charity via impact gaming.
The NuggetRush game revolves around a gold mining virtual world. Players will build mining operations, manage workers, and use machinery in search of gold.
NuggetRush has a marketplace where the gold players have mined during their operations can be converted into gold, cash, and the NUGX ERC20 coins. Via its impact gaming model, NuggetRush will reward artisanal miners who work in underdeveloped countries from the revenue it generates.
The DeFi project also offers some of the best NFTs to buy, as they can be staked for up to 20% APY. Because of these exciting features, there has been a surging demand for NUGX, which is currently valued at $0.018 per coin. Investors have snapped up over 184 million NUGX tokens to take part in the 25x price surge, as forecasted by top experts.
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Expanding Use Would Fuel a Cardano (ADA) Rally
Altcoin Daily has also picked Cardano (ADA) as one of the best altcoins to buy in the 2024 bull market. The analyst explained that ADA merits inclusion in the list because of its noteworthy characteristics and expanding use in the crypto space.
He mentioned that Cardano makes use of the SDKs from Polkadot and other blockchain networks, such as Cosmos. He emphasized how Cardano is becoming more noticeable in all facets of the cryptocurrency industry. ADA recently increased above $0.5700, but has a target of $1-$1.50 in 2024.
In Summary
Crypto analysts believe that Solana (SOL), Cardano (ADA), and NuggetRush (NUGX) are among the best crypto investment options for the current bull cycle. These cryptocurrencies have unique features that could inspire them to a massive rally in 2024.
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Source: https://finbold.com/crypto-analysts-pick-top-cryptos-to-lead-the-bull-cycle-watch-out-for-solana-sol-cardano-ada-and-nuggetrush-nugx/