TLDR
- Chainlink (LINK) would boost the transfer of Amino assets between Ethereum and BNB.
- XRP ETF rumors increase amid its recent price surge.
- Investors stack NUGX tokens in a last-minute move to capitalize on its rally.
Amino Rewards would increase its cross-chain token asset transfer via a partnership with Chainlink (LINK). Ripple’s leadership has confirmed interest in an XRP ETF.
NuggetRush’s (NUGX) growth reflects the shift in investor appetite as its mining game sells over 190 million tokens. The project is open to everyone. Yet, can it generate as much user adoption as other top DeFi projects? Keep reading for current market insights.
NuggetRush Incorporates Ecosystem Participation Rewards in its Virtual Reality Game
NuggetRush (NUGX) recreates the adventures of artisanal mining in a video game powered by blockchain technology. It features a trip into the world of mining. NuggetRush (NUGX) contains the full resource-digging experience. You get to rise from a small miner to a business owner. Furthermore, the game will provide workers and equipment for your mining business.
Completing mining challenges translates to high-value rewards, which include gold, NFTs, and funds. NuggetRush (NUGX) allows you to move these assets off its network, thus giving players control of their gaming assets. You can also customize NFT avatars that will feature in your gaming adventure.
NuggetRush (NUGX) offers exclusive benefits as rewards for its Rush Guild VIP membership. These benefits include exclusive content, discounts, and voting rights, thus allowing gamers to influence decisions on the network. Furthermore, all gamers are eligible for NFT staking. They can earn up to 20% on each staked NFT, depending on their lockup duration.
NuggetRush’s (NUGX) blockchain ICO has been the main topic of several crypto news outlets for the past few weeks. Market experts were in awe as the project sold nearly 190 million tokens. Furthermore, NUGX’s FOMO rose gradually alongside its 80% value increase. NUGX is now trading at $0.018. Yet, round five of its presale is about to end, making way for NUGX’s official listing.
Chainlink Announces a Partnership with Amino Rewards
On February 21, 2024, Amino Rewards announced the integration of Chainlink’s (LINK) Cross Chain Interoperability Protocol (CCIP). Integrating Chainlink would help Amino Rewards unlock cross-chain transfers of its native token between Ethereum and BNB. The news underlies Chainlink’s (LINK) growing DeFi presence.
Furthermore, it could boost Chainlink’s (LINK) bullishness, which has continued since the start of 2024. As of January 18, LINK traded at $14.65. LINK rose by 17.2% to $17.18 on February 1 before a 19.2% increase to $20.49 on February 12. However, LINK’s value fell by 5.8% to $19.30 on February 20.
Chainlink (LINK) also announced a partnership with Telefonica on February 15. The partnership would leverage Chainlink’s technology to help smart contracts detect unauthorized SIM changes.
Many analysts predict a boom in DeFi activity in 2024. This could spur rising demand for Chainlink’s services, pushing LINK’s value up by 21.7% to $23.50. Furthermore, Chainlink’s rise could increase competition among current top altcoins.
Ripple’s CEO Endorses XRP ETFs
Amid growing talks of crypto ETFs, Ripple’s CEO has shared his views on developing such products for XRP. In an interview with Bloomberg on February 20, 2024, Brad Garlinhouse said he was open to launching XRP ETFs. Since the launch of Bitcoin ETFs, BTC has soared to the $50,000 range.
Now, analysts debate if XRP would witness the same effect. XRP traded at $0.5443 on January 19. It fell by 7.5% to $0.5033 on February 3. Over three weeks later, XRP rose by 11.8% to $0.5629 on February 21.
Many analysts say XRP ETFs would remain a dream in the meantime. They claim that XRP’s ongoing lawsuit against the SEC would hinder any talks of an ETF. Furthermore, greater regulatory clarity would be needed to clear such products for XRP. Whatever the case, they expect XRP to pump by 14.4% to $0.6444 if its current momentum is maintained.
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- Source: https://coinpedia.org/press-release/nuggetrush-set-to-eclipse-link-and-xrp-surging-interest/
