Outside Source
- Shiba Inu’s (SHIB) community is excited over a recent partnership with K9 Finance.
- NuggetRush (NUGX) continues to gain more attention as the official launch of its mining game approaches.
- NUGX’s value is also up by 100% ahead of its official listing.
Shiba Inu’s (SHIB) rising burn rate coincides with excitement over growing DeFi activity on its network. Yet, analysts debate over SHIB’s growth prospects in Q2 2024.
NuggetRush is a mining game that has just completed a stellar presale, selling over 270 million coins. Yet, many analysts expect more growth due to excitement around its gold rewards. Can NUGX outclass other gaming tokens in 2024? Let’s find out what investors think.
Shiba Inu’s burn rate soars amid upcoming liquid staking services
Shiba Inu (SHIB) is gaining more investor attention in the second week of April following its increased token burn rate. Bitcoin’s return to $69,000 increased demand for top meme coins like Shiba Inu. This coincided with a sharp rise in token burns in Shiba Inu’s (SHIB) ecosystem in 2024.
SHIB traded at $0.00003282 on March 10. It dropped by 17.1% to $0.00002718 on March 23. SHIB jumped by 13.13% to $0.00003075 on March 28. It then fell by 8.29% to $0.0000282 on April 7.
Shiba Inu’s (SHIB) ecosystem will soon get liquid staking services due to a collaboration with K9 Finance DAO. The partnership will help Shiba Inu actualize its goal of increased real-world utility and adoption.
Furthermore, analysts say increased DeFi activity on Shiba Inu could push SHIB’s value up by 19.92% to $0.00003382. This could make SHIB one of the most bullish altcoins in the meme sector.
NuggetRush challenges The Sandbox with 100% token value surge
NuggetRush (NUGX) has joined the gaming industry with a bang after a mega presale that raised over $3.75 million. The project’s mining adventures have surprised blockchain gamers as NuggetRush (NUGX) promises gold and NFT assets. Gamers will complete challenges that involve building and running mega-mining operations.
You will start with land and basic machinery. As you complete challenges and earn rewards, you can invest in expanding your operations by purchasing more equipment and land. With a larger mining operation, you enjoy access to more gaming rewards, which include NFTs, funds, and rare gems.
Furthermore, you get mining efficiency increases, which boost your reward eligibility. NuggetRush (NUGX) will have gamers recruiting workers and purchasing new equipment. These assets are also part of the valuable collectibles in the mining game. You can upgrade NFT characters and machinery to boost their in-game effectiveness.
NuggetRush (NUGX) offers many ways to realize financial value from the mining game. These ways include trading NFT assets among peers on the platform’s marketplace. Trading upgraded assets offers higher returns to gamers.
Players can also stake NFT assets and earn financial value that goes as high as 20% APY. One of the benefits of NuggetRush’s NFT staking is that it allows players to earn money from holding on to their assets instead of selling.
NuggetRush’s (NUGX) blockchain ICO just ended, selling 271 million presale tokens. The total revenue generated rose to $3.75 million. NUGX’s value also soared by 100%, reaching $0.020 by the end of its presale. Some analysts expect NuggetRush (NUGX) to become one of the most popular NFT games by the end of the year.
Fore more updates on NuggetRush, visit the NuggetRush Website.
This article first appeared at CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison
