TLDR
Recent on-chain activity for Ethereum (ETH) may be a sign of a rally.
By 2024, Tron (TRX) wants to expand its stablecoin operations to include the Bitcoin ecosystem.
NuggetRush (NUGX), which has raised more than $2.3 million, is leading the presale competition.
In the midst of the most recent market upswing, Ethereum (ETH) gas fees reached an eight-month high. An ecosystem for Bitcoin will soon have a layer-2 network introduced by Tron (TRX).
Investor expectations were exceeded by NuggetRush (NUGX), which raised over $2.3 million by the end of its fifth round of presale. Outperforming several fresh initial coin offerings, it has sold over 186 million NUGX tokens. But can NuggetRush (NUGX) compete with Tron and Ethereum? Listen to what investors have to say.
Ethereum Increases to an 8-Month High as Gas Fees Rise
During the February market upswing, Ethereum is leading other prominent altcoins. Ethereum’s (ETH) gas fees have increased significantly, reaching an 8-month high, according to on-chain data. Ethereum (ETH) has made an amazing comeback despite its poor performance since mid-January, which aligns with Bitcoin’s current surge.
On January 15, ETH was trading at $2,511. It dropped to $2,282 on January 31 by 9.1%. On February 10, ETH increased by 9.5% to $2,501, and on February 16, it increased by 12.0% to $2,803.
The resurgence of Ethereum (ETH) coincides with the start of the “Surge” era. The update will assist in removing obstacles from Etheruem’s goal to achieve a 10,000 transaction per second network speed. Better network performance might encourage more Ethereum development.
As a result, ETH might increase in value by 10.9% to $3,1103.
In 2024, Tron will merge with Bitcoin DeFi Services.
Tron (TRX) intends to introduce a Bitcoin layer-2 solution in order to enhance its DeFi services. According to Justin Sun, the creator of Tron, the new development will promote decentralization and the blending of different coin types. Moreover, it would establish a direct connection between Tron (TRX) and Bitcoin, enabling the latter to obtain liquidity valued at over $55 billion.
The news from Tron might be the catalyst required to keep the TRX rise going. The price of TRX on January 15 was $0.1087. It increased by 3.2% to settle at $0.1122 on January 31. Then, on February 6, TRX increased by 7.7% to $0.1209, and on February 17, it increased by 12.4% to $0.1359.
Ron’s (TRX) intentions to integrate Bitcoin could lead to a rise in stablecoin services. As of right now, 50% of all USDT tokens issued are held by it. The integration of Tron (TRX) with Bitcoin DeFi services is expected to boost demand for cryptocurrencies such as Stacks, according to analysts.
Moreover, it might increase Tron network activity, which would raise TRX by 33.1% to $0.1809. Tron’s optimism may propel it to the top of the cryptocurrency market.
The Arrival of NuggetRush May Bring in a New Wave of Play-to-Earn Services
Play-to-earn networks have been improving over time in terms of player rewards and usefulness. The mining game NuggetRush (NUGX), which is about to launch, represents the latest advancements in gaming networks.
on order to gather minerals, players can transform into professional miners with firms on the game’s mining landscape. Players can investigate the commercial aspect of resource extraction and digging in this game. Gathering NFT assets from excavation sites and reselling them on the game’s marketplace is essential to success in NuggetRush (NUGX).
You gain money, NFT assets, and increases in mining efficiency each time you carry out this action. Players can exchange NFTs and gaming funds for one another, turning time spent on NuggetRush (NUGX) into cash. Find RUSHGEMS, uncommon assets that can be exchanged for gold, if you’re very fortunate.
The February launch date of NuggetRush (NUGX) is getting closer. In its presale, more than 186 million NUGX tokens have already been purchased. Its current round five value of $0.018 will shortly increase in price. NUGX will become public when, following an 11.1% pump, it trades at $0.020. However, as more people join the network, analysts predict that FOMO around NUGX will continue to rise.
Notice: Nothing in this content should be construed as financial advice; it is merely informative. The ideas stated in this article are those of the author and may not necessarily represent those of Viku news. It is recommended that readers conduct extensive research before to making any investing decisions. Any financial losses are not the responsibility of viku news