Bitcoin NFTs Outperform Ethereum and Solana: Pepe and This Trending Altcoin To Lead the Market Recovery

TLDR:

• Bitcoin-based NFTs have captured more than 55% of the market, outperforming Ethereum and Solana.
• Pepe has been tipped to lead the meme coin market recovery as it prepares for perpetual futures listing on Coinbase. 
• NuggetRush could see a price jump to $0.10 after its airdrop. 

Ahead of the highly-anticipated halving event, there has been a surge of interest in Inscriptions (Bitcoin-based NFTs). Over the last week, Inscriptions have accounted for more than 55% of the trade volume of NFTs.

Meanwhile, as the crypto market looks towards a recovery, Pepe is one of the top memecoins expected to experience a breakout. NuggetRush (NUGX) falls into this category as well, as its price could hit $0.10 after its airdrop.

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NuggetRush (NUGX) To Hit $0.10 After Airdrop

NuggetRush (NUGX) built a vibrant community of enthusiasts within the GameFi space during its cryptocurrency ICO where over $3.8 million was raised. With the airdrop of NUGX scheduled to happen in less than a week, NuggetRush has generated a fresh wave of excitement.

The airdrop will mark a major milestone towards the launch of the NuggetRush ecosystem. The NuggetRush game merges mining exploration with strategic decision-making, giving P2E gamers the opportunity to earn tangible real-world rewards. The new DeFI crypto gives players multiple opportunities to earn through tournaments, mining, quests, battles, ranked play, and more. 

Players who can find the rare RUSHGEM NFTs can convert them to real gold on the marketplace. This is possible as the NuggetRush team will collaborate with gold providers to deliver the real physical asset to the location of the winners. In addition, these trending NFTs can also be staked for APYs of up to 20%. 

NuggetRush has gained popularity as one of the top gaming tokens because it aims to create a community where players can generate steady revenues. The native token, NUGX, will be listed at a price of $0.020. However, with the airdrop less than a week away, analysts have forecast a price tag of $0.10 after this highly-anticipated event.

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Bitcoin (BTC) Based NFTs Dominate Ethereum and Solana

As the halving event approaches, Bitcoin-based NFTs, Inscriptions, have been in the spotlight. As per data from CryptoSlam, Bitcoin Inscriptions account for more than 55% of all NFT trading volume. Recording over $176 million in the last seven days, Bitcoin outperforms Solana with $55 million and Ethereum’s $115 million.

Bitcoin is also the dominant network in the past month, recording an NFT trade volume of $464 million. The Bitcoin halving and the upcoming launch of the Runes Protocol are the reasons DWF Venture lists as the reasons for the growing NFT activity. With the halving just a few days away, several analysts have forecast a rally above $100,000, making BTC a good crypto to buy now.

Pepe (PEPE) To Record a Huge Comeback Rally 

Pepe (PEPE) was one of the leading ETH memecoins in March, soaring by more than 300%. However, along with the rest of the crypto market, PEPE has been on a decline in April. From a monthly high of $0.0000089, the price of Pepe has dropped to the $0.0000049 support level.

Despite being under pressure, analysts are optimistic the meme coin will bounce back in April. Coinbase is preparing to launch an open perpetual market of Pepe on April 18. This launch is expected to fuel a massive rally for the meme coin.

In Summary

Although the crypto market has been bearish, the traction of Bitcoin NFTs and the halving points towards a potential change of trend. Pepe is one of the top crypto coins that could benefit from this as Coinbase prepares to launch a Perpetual market for the meme coin. Meanwhile, the airdrop of NuggetRush could make it the top gainer, as it could potentially rally as high as $0.10.

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