The price of Ethereum has remained flat at $4,000 despite the Dencun upgrade.
Avalanche has recorded a 35% price pump amidst its ongoing expansion.
NuggetRush has seen a 90% increase as investors buy over 230 million tokens.
The highly-anticipated Dencun upgrade has finally been deployed on the Ethereum mainnet. Despite being a major development upgrade, the price of ETH has remained flat at $4,000 while Bitcoin continues to form new ATHs.
Other altcoins like Avalanche (AVAX) and NuggetRush (NUGX) are also outperforming Ethereum. The price of AVAX has increased by 35% on the weekly chart, while NUGX has gained 90% to set a new ATH at $0.019.
Ethereum (ETH) Consolidates Despite Dencun Upgrade
After more than a year since the last significant update, the Dencun upgrade has finally been launched on the Ethereum Mainnet. EIP 4844 is the most significant upgrade on Dencun, as it increases the scalability of Ethereum to compete with the likes of Solana and Aptos.
With this increase, layer 2 rollups should become less expensive and the Ethereum blockchain’s scalability will be enhanced to the capacity of data blobs. Despite this upgrade, the price of ETH has remained flat while other top crypto coins rally.
The price of Ethereum has consolidated around $4,000 while BTC has been forming multiple ATHs. Although Dencun has failed to bring the instant impact that many crypto experts anticipated, crypto analysts like Ali Martinez remain optimistic that ETH will rally to $5,000 as FOMO keeps building.
Investors Turn To NuggetRush (NUGX) in Anticipation of New Highs
NuggetRush (NUGX) has been declared as the next big thing for a number of reasons. NuggetRush is one of the most successful cryptocurrency ICO projects, raising over $3 million. Regarded as the most attractive P2E (play-to-earn) game, NuggetRush embodies the best of gaming and memes, the two of the most powerful trends in the crypto world.
There has been great interest in the game because players will go on adventurous quests and acquire actual in-game gold and other precious minerals that they can sell in the NFT marketplace. NuggetRush also features some trending NFTs, RUSHGEMs, that can be staked for high rewards of up to 20% APY.
As the P2E token, NUGX will function as an in-game currency and have a captivating and interactive gold mining game. But what is most important is that the voting possible for the token holders will be about the game’s future together with the ecosystem—democratized governance.
The smart contracts will also be renounced, giving power back to the community. This has added even more excitement to the project. While NUGX is currently priced at $0.019, crypto experts have forecasted gains of up to 50x, making it one of the best altcoins to buy now.
Avalanche (AVAX) Soars Amidst Expansion
Avalanche (AVAX) has been one of the top altcoins over the past few weeks. The AVAX has increased by more than 35% on the weekly chart amidst several expansion moves. The Avalanche Foundation recently expanded its Board of Directors to leverage diverse expertise from various sectors.
To achieve its aims, Avalanche started on its journey into the GameFi space. MapleStory, a 2d game developed by South Korean game studio Nexon, was recently integrated with the Avalanche blockchain. As the network continues to expand, the altcoin price is expected to continue increasing.
In a Nutshell
Dencun is one of Ethereum’s biggest upgrades in recent years. While it has not yielded instant price increases, the impact it brings could lead to higher ETH pricing in the coming weeks.
On the other hand, the growth of Avalanche’s network continues to fuel its price increase, while NuggetRush continues to build a name for itself as a top crypto to buy in the 2024 bull market.
