TLDR
- AAVE has expanded its DeFi services with a new BNB partnership.
- Uniswap Foundation proposes a reward increase for coin stakers and delegators.
- NuggetRush (NUGX) is no longer considered an underdog after selling over 199 million tokens in its presale.
AAVE will be joining the BNB ecosystem. Uniswap’s (UNI) staking activity could increase following a new proposal from its foundation.However, gaming adventures excite investors the most after a revenue generation of $2.4 million in NuggetRush’s (NUGX) presale. Furthermore, its value has increased by 80%. Yet, can NUGX perform better than other P2E altcoins? Let’s discuss.
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NuggetRush Generates $2.4 Million as its Anticipated DEX Listing Draws Closer
NuggetRush (NUGX) mirrors the evolution of the gaming sector. It features an Ethereum-based VR mining experience. The game stands out for offering wholesome mining activities that transport players into the day-to-day life of artisanal miners. NuggetRush’s (NUGX) challenges include searching for mineral-rich lands, recruiting workers, and selling mineral resources.
How much you earn from NuggetRush (NUGX) largely depends on the size of your mining adventures.
When you excavate resources from a mining site, you will earn money from selling resources on the game’s marketplace. Owning more mining sites means you’ll have more resources to trade. You can open extra mining sites by purchasing more land, recruiting more workers, and acquiring machinery for your expanded operations.
NuggetRush (NUGX) offers gamers comfort, security, and ecosystem participation rewards for interacting with its network. Furthermore, NuggetRush has completed security audits from SolidProof, thus guaranteeing maximum security for users. Trading on NuggetRush’s (NUGX) marketplace also comes with zero buy and sell fees.
NuggetRush’s (NUGX) mining launch is around the corner as its token sale count keeps rising. As of the last count, its blockchain ICO has sold over 199 million tokens in its presale. Its value has also grown by 80% despite being in round five of its presale. A NUGX token currently sells for $0.018. However, it will record another 11.1% growth to $0.020 when its official listing date comes around.
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AAVE Joins BNB Chain
AAVE has deployed a DeFi protocol on the BNB chain to boost its reach in the crypto market. BNB’s team confirmed AAVE’s decision, saying it would join the growing list of DeFi services on the network. The announcement could help AAVE recover to the $100 range.
AAVE traded at $103.50 on February 16. Two weeks later, AAVE had fallen by 19.0% to $83.82 on February 1. AAVE recovered by 4%, reaching $87.25 on February 12 before jumping by 14.6% to $100.A major development that could affect AAVE’s growth is the disappointment around the end of its four-year partnership with Gauntlet.
After serving as an independent risk manager for AAVE, Gauntlet quit its role, citing DAO disputes. Still, many analysts expect the current market rally to increase DeFi activity, thus pushing AAVE’s value up by 13.2% to $104.06.
Uniswap Plans to Add Rewards for UNI Staking
Crypto news forums are filled with debates over the newly proposed governance changes by the Uniswap Foundation. The changes include a proposal to reward Uniswap users who delegated and staked their UNI tokens on the platform.
The proposal is aimed at motivating thoughtful and active delegation on Uniswap (UNI) via the use of incentives. If passed, the proposal could spur a UNI rally. UNI traded at $6.8250 on January 16. It fell by 12.1% to $5.9977 on January 31. UNI recovered by 6.5% to $6.3911 on February 7 before jumping by 56% to $10.00.
Uniswap’s (UNI) trading activity has risen alongside the price of many top altcoins as the market has entered a bull run. Analysts expect higher trading activity on Uniswap when its V4 upgrade launches in Q3 2024.
The V4 upgrade will streamline trading on Uniswap while introducing new functions like customizable hooks for greater pool flexibility. This could spur a 16.5% UNI pump to $8.5599, making it one of the current top crypto coins.
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