Stellar and XRP post gains as NuggetRush presale progresses
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Stellar (XLM) has undergone a crucial upgrade, showcasing its commitment to innovation and efficiency. XRP, the digital currency associated with Ripple, is poised for dynamic market movements fueled by practicality and influential endorsements. At the same time, NuggetRush (NUGX) introduces a unique play-to-earn (P2E) gaming concept on Ethereum, emphasizing community-driven ownership.
Stellar upgrades and expands
Stellar Core’s upgrades were released on Feb. 9, 2024.
The team told Stellar Core developers they needed to upgrade their version to remain compatible with the Protocol 20 mainnet upgrade set for Feb. 20. The excitement about this upgrade might positively impact prices.
With this development, Stellar hopes to expand its DeFi services. Based on the crypto news and analysis about this Protocol 20 upgrade, Stellar’s smart contract development will surge. Furthermore, it will attract developers from top altcoins to its network because of quick transaction times.
Elsewhere, an African stablecoin on/off-ramp platform, Yellow Card, announced its collaboration with Stellar’s (XLM) network to launch USDC integration.
Yellow Card will democratize regional financial access by offering individuals and companies access to USDC through Stellar. With all these developments and the bullish momentum in the crypto space, XLM was bound to rise.
On Feb. 18, XLM was trading at $0.1148, up 4.04% in the past week.
Analysts say XLM will rise to $0.1245 by the end of February, powered by developments on its network.
XRP outlook
In a Feb. 17, 2024 post, cryptocurrency analyst Egrag Crypto highlighted exciting insights into the future of Ripple’s XRP dominance. He hinted at imminent explosive action in the market. While addressing the community, the analyst said XRP will engage in a rollercoaster ride before surging significantly.
With XRP maintaining its prominent position in the crypto space, any large movement in its dominance is monitored by traders and investors.
Due to XRP’s practicality and market appeal, it is gradually becoming a game changer in how banks handle cross-border transactions. XRP facilitates quick and cost-effective international transfers, which helped boost its popularity in the altcoins’ space.
In 2023, XRP experienced an impressive 81% price increase, reflecting a robust recovery and heightened investor interest.
On the other hand, BlackRock stirred interest in the crypto market by hinting at a possible XRP-based exchange-traded fund introduction. These developments are pushing XRP higher.
On Feb. 18, XRP was trading at $0.5552, up 4.57% in the past week.
Analysts expect XRP to rise to $0.5715 by the end of the month, powered by developments on its network.
NuggetRush plans to transform P2E gaming
The play-to-earn (P2E) gaming sector is blazing with the introduction of NuggetRush hosted on the Ethereum blockchain. NuggetRush is unique because its ownership concept is community-driven.
Furthermore, NuggetRush assists in the promotion of social responsibility. Some in-game rewards and earnings are sent to artisanal miners in underdeveloped nations. Therefore, NuggetRush assists the physical world miners with no technical facilities and proper equipment to mine profitably and safely.
As a player, you can develop NuggetRush mining facilities assisted by mining experts and other players. The mining facilities extract minerals and valuable physical metals.
Interestingly, users can readily stake the mined minerals, NFTs, and other assets on NuggetRush to enjoy impressive APY on the platform.
The marketplace supports trading all assets and NUGX rewards earned in the game.
NuggetRush is in round 5 of the presale, with the price of each NUGX token valued at $0.018.
The current investors will enjoy an 11.11% ROI when NUGX lists on mainstream exchanges at $0.020.
The project has sold over 187 million NUGX tokens and raised over $2.3 million.
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