Stacks Soars to All-Time High on Upgrade, Coinbase to Offer Dogecoin Futures, NuggetRush Rival Poised for Rally

Stacks (STX) surged to a new all-time high after its community approved a major upgrade. Coinbase plans to launch Dogecoin futures trading in April. NuggetRush (NUGX), a Dogecoin rival with a hybrid gaming and meme culture concept, is projected to rally above $1.

Stacks Soars to All-Time High on Upgrade Approval, Coinbase to Launch Dogecoin Futures, NuggetRush Rival to Rally

Stacks Surges to New ATH on Upgrade Approval

Stacks (STX), a layer-2 protocol for the Bitcoin network, has experienced a remarkable surge in value, reaching a new all-time high (ATH) of over $3.50. This surge follows the community's approval of Nakamoto, a major upgrade for the protocol.

Nakamoto, scheduled for implementation on the testnet on March 25th and mainnet activation in May, will significantly enhance Stacks' block times and network security. This upgrade will make transactions on Stacks irreversible, similar to Bitcoin's own transaction immutability.

Coinbase to Launch Dogecoin Futures, DOGE Rallies

Coinbase, one of the world's leading cryptocurrency exchanges, has announced plans to launch futures trading for Dogecoin (DOGE) by April. This move signals Coinbase's recognition of Dogecoin's enduring popularity and its transition from a meme-based currency to a staple in the cryptocurrency industry.

The announcement has sparked a fresh wave of rally in Dogecoin's price, with the meme coin rising by over 15% and extending its 30-day gains to an impressive 75%. This rally has pushed DOGE's price above the $0.1516 level.

Dogecoin Rival, NuggetRush, Poised for Major Rally

In the rapidly evolving meme coin market, NuggetRush (NUGX) has emerged as a strong contender to Dogecoin. NuggetRush aims to become one of the standout tokens of 2024 due to its innovative blend of meme culture, play-to-earn gaming, and non-fungible tokens (NFTs).

NuggetRush's P2E game serves as its focal point, where players compete to win mining challenges to extract gold and other valuable minerals within a virtual world. The game also features a collection of unique NFT characters that players can utilize and collaborate with.

The NUGX utility token plays a crucial role in the game, facilitating rewards payouts and network transactions. Due to its promising outlook, NUGX has garnered significant demand, with investors acquiring over 242 million tokens in recent weeks. The current price of NuggetRush, hovering around $0.019 per coin, further strengthens the bullish sentiment surrounding the project.

Summary

The Nakamoto upgrade has positioned Stacks as a major player in the cryptocurrency space, driving its bullish momentum and propelling it to new ATHs. NuggetRush, on the other hand, has emerged as a promising contender in the meme coin market, combining the allure of meme culture with practical utility. As the cryptocurrency market continues to evolve, these projects are poised to make their mark and contribute to the industry's growth.