Looking beyond Ethereum and XRP: exploring alternatives in 2024
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- Ethereum successfully deployed the Dencun upgrade on the Goerli testnet.
- Ripple’s transfer of 80 million XRP tokens triggers uncertainty in crypto.
- NuggetRush (NUGX) combines gaming, blockchain, and play-to-earn concepts.
Reports suggest that investors are showing keen interest in NuggetRush (NUGX). This follows the activation of Dencun on the Ethereum (ETH) testnet. Meanwhile, XRP is under pressure due to whale transactions and regulatory scrutiny.
Ethereum gears up for Dencun
On Jan. 17, 2024, the Dencun upgrade was successfully deployed on the Goerli testnet.
This upgrade was initially scheduled for 2023 but was postponed to Q1/2024 due to unsuccessful upgrade tests.
Dencun is expected to enhance Ethereum’s scalability and will be activated on the mainnet if everything goes as planned.Â
Ethereum has been recording a constant increase in the number of new addresses created daily and a consistent drop in its supply on crypto exchanges.
Almost 90,000 new addresses were added daily in the last week.
On Jan. 18, 2024, ETH was trading at $2,525.62, down 0.06% in the past week.
Analysts believe ETH is consolidating and may rise to $2,615.75 by the end of January.
XRP uncertainty
On Jan. 17, 2024, a transfer of 80 million XRP worth nearly $46 million was a source of concern.
According to Whale Alert, some tokens were recently transferred to an undisclosed XRP wallet, causing suspicion about the purpose of the transfer.
This move happened at the same time as another large transaction by a whale, where 25.7 million XRP was sent to the Bitstamp exchange.Â
Ripple now holds 46.34 million XRP after the transfer.
The future of XRP remains uncertain amid whale transactions and the presence of the SEC.
The current market dynamics and regulatory scrutiny combination have made XRP’s journey more complex.
As of Jan. 18, 2024, XRP was trading at $0.5696, down 6.44% in the past week.
Analysts predict that XRP will drop to close January at $0.5350.
NuggetRush multi-sector plans
NuggetRush combines gaming, blockchain technology, play-to-earn (P2E) concepts, and cryptocurrency to create a fun and rewarding digital space.Â
It also collaborates with gold merchants, allowing for the direct delivery of RUSHGEM winnings to gamers.
In addition, the platform plans to launch an NFT marketplace where gamers can trade and customize their avatar NFTs.
In round 5 of its presale, NUGX is available for $0.018. The token will list at $0.020 when the crowdfunding event ends.
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