The Fear and Lure index, used to measure market sentiment, recently fell to 74. Nevertheless, the bullish trend continues for the main altcoins. These cryptocurrencies are Bonk (BONK), Phantom (FTM), Solana (SOL), and NuggetRush (NUGX).
This article will discuss its appeal, factors contributing to its rise and why it is the best currency to invest in. Let's begin.
NuggetRush (NUGX): May be the most successful ICO
NuggetRush (NUGX) was one of the best performers this week It's close to reaching the $1 million fundraising milestone within reach. There has been renewed interest in this prominent ICO due to its upside potential and innovation in the cryptocurrency world. As a result, analysts consider it the best new cryptocurrency to invest in.
It has a mix of Win-Win (P2E), GameFi, and Memes. As a P2E memecoin, it has real-world applications that few meme tokens can boast. NUGX will serve as the in-game currency and management token in the ecosystem.
The pre-sale is currently in its third round and the price of one token is only $0.013 According to leading experts, its value may explode after its release. If you want to position yourself for a big profit, you can check out the pre-sale via the link below.
BONK: Be the center of attention
BONK is an existing cryptocurrency. His explosive growth this week must have seemed unreal to his owners. With increased enthusiasm, the bonk rally is expected to continue and cancel all short positions.
Memecoin, built on Solana, is one of the most popular tokens. Its latest application can be attributed to the listing of Coinbase, one of the largest cryptocurrency exchanges. In the past 24 hours, its price has risen by more than 70%, making it the third largest memecoin after Pep.
With the upside potential expected to continue, Bonk could be one of the best currencies to invest in
Phantom (FTM): Maintains original support
Unsurprisingly, Phantom (FTM) is designed to be an Ethereum killer. It shows strong DeFi capabilities. Despite the market volatility, Phantom has managed to maintain support at $0.40.
Based on the index, it seems to increase further. Given its performance since the start of last quarter, Phantom could be an altcoin to watch in the coming days. If you haven't added FTM to your portfolio, now might be a good time to do so.
Solana (SOL): To keep the momentum going
Solana (SOL) was another strong performer this week. Its DeFi solutions are the most sought after in the blockchain world. Meanwhile, interest in Solana has increased recently with the emergence of various projects in the ecosystem.
The rally continued this week, defending key support at $75.00. Solana has room to grow before the end of the year, according to analysts. Approximate price $85.00. With only a few days left until the end of the year, Solana is a promising altcoin to buy.
It is closed
While the Fear and Lure Index dipped to 74, Bonk, Phantom, Solana and NuggetRush (NUGX) look poised to continue their bullish streak. As a result, they could be an altcoin to watch later in the year.
If you want to know the profit potential first, you can check the NuggetRush presale by visiting the NuggetRush presale website.
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