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- NuggetRush is a GameFi project with a unique NFT gaming strategy.
- XRP has seen a remarkable 244% increase in fund inflows, reaching $2.2 million.
- Shiba Inu (SHIB) has seen a 1300% surge in whale activity.
In crypto, where innovation meets investment, NuggetRush, XRP, and Shiba Inu, continue to draw investor attention.
NuggetRush proposals
NuggetRush is a new GameFi project designed with a distinct strategy for NFT gaming.
Unlike most competitors in the meme tokenomics space, the project provides impressive value with influence in the physical world and the metaverse.
Through Impact Gaming and GameFi, the crypto ICO offers players a platform to explore metaverse mines for gold and many other rewards. Additionally, their activities on NuggetRush also help improve the lives of artisanal miners in developing countries.
NuggetRush also offers a more satisfying mining experience with multiple game modes. While completing the solo missions, NuggetRush gamers can win different valuable items, including in-game assets and the coolest NFTs in the market.
Participants also receive incentives for participating in group challenges. Whenever they participate in these group challenges, NuggetRush players get higher rewards and enhanced mining efficiency, which boosts their eligibility.
NuggetRush’s NFT staking function offers a conventional approach where popular NFT holders lock their assets in exchange for incentives.
These incentives are influenced by the annual percentage yield (APY) and the number of staked NFTs.
In round 5 of the presale, NUGX is trading for $0.018. The project has sold over 161.2 million NUGX tokens and raised over $1.8 million.
XRP surging
XRP has dominated the crypto investment space, experiencing an unexpected 244% surge in fund inflows.
CoinShares data published on Jan. 16, 2024, show an influx of $2.2 million into XRP-related products, marking a massive leap from the past week’s $900,000.
The spike aligns with the growing speculation that XRP may secure the next ETF after Bitcoin.
BlackRock CEO Larry Fink excited the market in a recent interview. His cryptic response about XRP ETFs fueled market speculation. XRP’s surge in fund inflows strengthened its position as the second-best performer among altcoins in 2024, trailing only Cardano (ADA).
XRP ETPs have acquired an impressive $3.1 million in inflows, highlighting its popularity among investors. XRP’s latest trend in its momentum indicates an integral moment, supported by growing confidence in its possible entry into the ETF market.
On Jan. 21, 2024, XRP was trading at $0.5527, down 4.29% in the past week. Analysts say XRP will rise to $0.5715 by the end of January, supported by increased demand.
Shiba Inu whales doubling down
Shiba Inu whale activity has exploded by 1300%, data from IntoTheBlock shows.
Whales moved 9.38 trillion SHIB, valued at $89.88 million, within a short period.
If this SHIB accumulation continues, it might increase optimism among large investors, possibly supporting prices.
Although the meme coin is still down on the weekly charts, analysts predict it will recover in the coming months.
On Jan. 21, Shiba Inu was trading at $0.000009413, down 4.08% in the past week. Experts say Shiba Inu (SHIB) will rise to $0.000009655 by the end of January.
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Source: https://crypto.news/new-meme-coin-gains-momentum-outperforms-xrp-and-shiba-inu/