Uniswap V4 launches while whales eye Ripple and NuggetRush
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Uniswap’s V4 launch is eyed for Q3, Ripple sees 218 million XRP bought by whales, and NuggetRush ICO sells 184 million tokens.
The Uniswap Foundation has announced that the highly-anticipated version 4 of the decentralized exchange (DEX) will likely launch in the third quarter. As a result, whales intensified their acquisition of XRP.
Another defi coin that crypto whales have highly sought after is NuggetRush (NUGX). Over 184 million NUGX tokens have been snapped by in the past few weeks as the project launch draws closer. Learn more about the latest developments below.
NuggetRush sells over 184 Million Tokens As Launch Nears
Over the past few weeks, NuggetRush (NUGX) has been one of crypto whales’ most sought-after new defi projects. In just a few weeks of its cryptocurrency ICO, over 184 million NUGX tokens have been snapped up by investors who keenly anticipate the launch of this gamefi startup.
NuggetRush will offer a hyperrealistic play-to-earn game inspired by the historic gold rush. Players must construct and run virtual mining operations within the game, recruit staff, and purchase the right equipment to search for gold. The game is impressive as players can sell the gold extracted for real gold, cash, or NUGX.
In addition to games, the project intends to introduce tokenized collectibles and a community-driven NFT marketplace. These are some of the best NFTs to buy. For example, the RUSHGEM NFT collection has real-world value because it can be exchanged for actual gold.
The earning opportunity NuggetRush presents has made NUGX one of the hottest prospects in the crypto market. The price of NUGX has already increased by 80% to trade at $0.018 per coin. However, as the launch nears, some analysts have forecasted gains of up to 50x for NUGX.
Ripple whales begin massive acquisition spree
Ripple (XRP) is one of the top altcoins that has underperformed in the crypto market so far. However, as the market sentiment has increased over the past few weeks, whales seem to believe that a major price rally could happen soon.
On-chain metrics show that whales have been on an accumulation spree, snapping up massive amounts of Ripple coins. Two major transactions have stood out. They are:
- A new address has bought 218 million XRP in less than two weeks.
- Bitcoin trader Doctor Profit has bought 888,353 XRP, worth over $500,000.
As per a Santiment chart, the accumulation of XRP usually follows a price increase. With whale accumulation increasing, the XRP price could increase in the coming weeks, making it one of the top crypto coins to buy.
Uniswap announces V4 upgrade and launchÂ
The launch of Uniswap V4 has been one of the most anticipated events for the DEX over the past few months. With the launch date for the Ethereum Dencun upgrade now confirmed to happen in March, the Uniswap Foundation has provided an update for the V4 launch.
In an X post, the Uniswap Foundation stated that the launch will likely happen in Q3 2024. “Hooks” will be introduced in Uniswap V4 to enable various use cases and dynamic modifications, which could lead to cheaper user fees.
The Uniswap coin has reacted positively to the launch, increasing by 18% on the weekly chart to trade above $7.50 for the first time since early January.
Final thoughts
The recent developments around Uniswap, Ripple, and NuggetRush highlight the increasing bullish sentiment in the crypto space. Although these altcoins look set for gains in the coming weeks, NuggetRush has attracted the most bullish attention, making it a great buy for every investor.
Visit the NuggetRush presale website
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