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- After suffering a 12-hour outage, the Polygon zkEVM mainnet has been re-activated.
- Dogecoin is one of the top altcoins leading the crypto market recovery.
- The new altcoin, NuggetRush, has also caught the attention of investors following a noteworthy milestone.
The glitch in the Polygon zkEVM sequencer that caused extensive downtime has been fixed by developers. Despite being down more than 12 hours, MATIC still remains bullish, reclaiming the $1.00 mark. Dogecoin and NuggetRush have also emerged as two top crypto coins, both seeing significant price increases. Read on to find out why these coins are up.
Investors Turn To NuggetRush (NUGX) As It Prepares for Explosive Rally
NuggetRush (NUGX) has been growing in popularity in the crypto space over the past few weeks due to its one-of-a-kind gaming platform. Investors have bought over 250 million NUGX tokens as they anticipate it to be one of the best altcoins poised for an explosive rally in 2024.
NuggetRush has generated a lot of enthusiasm since it connects the worlds of gaming, finance, NFTs, and meme culture. Players have the opportunity to mine for real gold in a virtual world created by the NuggetRush mining game. NuggetRush also arranges competitions and quests to boost players’ chances of making money.
Another of NuggetRush’s standout features is the ability for players to personalize their gaming experience with customizable NFT avatars. These avatars, which are among the best NFTs to invest in, have various qualities and attributes that make gameplay very exciting.
The multi-utility has made NUGX one of the top DeFi coins to hold in 2024. Crypto analysts are forecasting gains of up to 50x, making NuggetRush a must-have coin. The price of NUGX at $0.019 per coin presents the perfect opportunity for investors to stack the token ahead of its price pump.
Polygon zkEVM Mainnet Comes Online After 12 Hours
The zero-knowledge Ethereum Virtual Machine (zkEVM) beta version developed by Polygon was the most recent network to encounter difficulties. Polygon said that a problem with its blockchain sequencer caused downtime for its zkEVM over the weekend.
As a result, the Polygon zkEVM faced a downtime of more than 12 hours. However, the Polygon team acted swiftly, announcing that the scaling solution is now active. Despite the downturn, MATIC remained one of the most bullish altcoins.
Bouncing off the $0.900 support level, the altcoin price has increased past the $1.00 mark. Reclaiming the $1.00 support level is a good sign for Polygon, as it could provide the momentum for MATIC to surge as high as $1.50 in the coming weeks.
Dogecoin (DOGE) Outperforms Meme Coins, Prepares for Major Rally
Despite being the number one meme coin, Dogecoin (DOGE) has been outperformed by the newer Solana memecoins and Sei memecoins over the past few weeks. However, after their hot start to 2024, many of these meme coins have cooled off, with Dogecoin now retaking the lead.
On the weekly chart, Dogecoin has jumped by 25%, outperforming the top 10 altcoins. On the monthly chart, DOGE is up by more than 110%. As a result, Dogecoin has increased to the $0.1800 level. If Dogecoin finds the momentum to break above this resistance, its price could rally to $0.200 in the coming days.
In Conclusion
Contrary to what many expected, Polygon (MATIC) has remained bullish despite suffering a major network outage. While Dogecoin and NuggetRush are the top memecoins to buy now, NUGX offers more potential as the newer, more advanced meme coin.
