TLDR:
- Santiment has reported that Chainlink leads all blockchains in development activity.
- Due to the renewed investor interest in Cardano, analysts have set $1 as the short-term target.
- NuggetRush is one of the top bullish altcoins predicted to soar past $1 in 2024.
Recent data from Santiment shows that Chainlink, the leading decentralized oracle network, tops the crypto space in terms of recent development activity. Meanwhile, crypto analysts have identified Cardano and NuggetRush as top crypto coins to buy now, as they could see major price increases in the coming weeks.
Chainlink (LINK) Leads the Crypto Space in Development Activity
The popular on-chain data tracker, Santiment, has reported that Chainlink (LINK) is the number one blockchain for development activity. As per the report, Chainlink logged over 451.2 commits on GitHub in the past 30 days to clinch the number 1 spot.
The analytics firm has noted in the past that a lot of development activity around a cryptocurrency project is a sign that the project creators think the protocol will work. Many crypto analysts also feel that LINK is a good crypto to buy.
The popular crypto analyst, Inmortal, has re-echoed this sentiment. Following Chainlink’s recent drop to $17.00, Inmortal has predicted that the LINK altcoin price could increase as high as $25 before the end of April.
NuggetRush (NUGX) To Cross the $1 Milestone in 2024
NuggetRush (NUGX) is another altcoin that has been projected to be valued above $1.00 before the end of 2024. NuggetRush is one of the exciting new wave of DeFi projects in the market because of the unique insertion of GameFi, trending NFTs, and meme culture into its ecosystem.
The NuggetRush mining game features quests to develop a collaborative and friendly community. In addition, the game grants some members a VIP membership for NuggetRush, which gives them only special privileges inside the game. These privileges could include access to private tools, popular NFTs, or free tokens.
The NuggetRush team will introduce a selection of the coolest NFTs that not only serve as collectibles but also as unique in-game avatars. These NFTs will enhance the gaming experience with their distinctive attributes. As investors are going crazy about NuggetRush’s crypto ICO, it has managed to raise a staggering amount of $3.3 million.
On the other hand, NUGX, the ERC20 coin of the platform, gained about 90% and reached a $0.019 peak. The token will be listed on some exchanges in the next weeks at $0.020 and is expected to record more than a 50x increase by the end of this period. This means NUGX will hit the $1.00 mark before the end of 2024.
Cardano (ADA) Could See a Major Price Pump
Although Cardano (ADA) has not been as explosive as many top altcoins in the recent price rally, it has recorded decent returns. In the last 60 days, Cardano has increased by more than 25%. Many crypto experts are backing it for more gains, especially as its development activity increases.
The Santiment data from earlier states that Cardano is the second biggest blockchain in development activity. With its rapidly growing activity, ADA is expected to hit $1.00 in the coming weeks. By the end of 2024, Cardano has been forecasted to set a new ATH around $5.00.
Closing Thoughts
Based on the prediction of crypto analysts, the rising development activities for Chainlink and Cardano could lead to price increases for these altcoins.
However, while LINK and ADA will undoubtedly see gains, it doesn’t compare with the potential shown in the early stages of NuggetRush. This is why savvy investors are acquiring tons of NUGX tokens before the peak of the 2024 bull cycle.
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