XRP To Go Live on Flare, dYdX Foundation Gets $30M Funding, NuggetRush Presale Attracts Investors
The post XRP To Go Live on Flare, dYdX Foundation Gets $30M Funding, NuggetRush Presale Attracts Investors appeared first on Coinpedia Fintech News
TLDR:
- Flare Network CEO has announced that Ripple’s XRP will be coming to the network as the FXRP asset.
- dYdX Foundation has obtained $30 million in funding to boost the ecosystem over the next three years.
- NuggetRush’s play-to-earn game and NFT marketplace have attracted investors to its cryptocurrency ICO.
The CEO of Flare Network has announced that Ripple’s XRP will soon be integrated into the network as the FXRP asset. In another development, the dYdX Foundation has secured $30 million in funding to boost the ecosystem’s growth. Meanwhile, NuggetRush’s cryptocurrency ICO is gaining traction as investors flock to it due to its engaging play-to-earn game and NFT marketplace.
NuggetRush (NUGX) Excites P2E Community With Unique EcosystemNuggetRush (NUGX) is making waves in the crypto world as the best DeFi project that brings together gold, cryptocurrency, and artisanal mining in an exciting play-to-earn game. Unlike other meme coins with little to no utility, NuggetRush’s NUGX stands out.
The platform has integrated GameFi, governance, and earning features to the token to make it a good investment. This unique approach has led experts to label it the “best crypto investment” for newcomers looking to grow their portfolios.
In addition, NuggetRush goes beyond just gaming; it will also feature a community-driven NFT marketplace. There, players can personalize and trade some of the coolest NFTs.
Players in the game can also earn valuable NFTs like RUSHGEM, which can be exchanged for real gold, adding more excitement to the game. Currently in its final crypto ICO phase, NUGX tokens are available at $0.018. This presale offers a great opportunity to get in early, especially since the token’s value will rise to $0.020 after its listing.
With NUGX’s strong initial performance and potential for more growth, analysts have predicted a 50x increase post-launch. This potential makes NuggetRush the best cryptocurrency to buy for the next crypto market bull run.
Ripple’s XRP To Launch on Flare NetworkFlare Network’s CEO, Hugo Philion, has announced on X that Ripple (XRP) will be integrated into the Flare network via the FXRP asset. He explained that the integration would be done using LayerCake.
LayerCake will bridge XRP to Flare and also expand its reach to other networks. Philion also highlighted the importance of this integration for dApp developers. According to him, it will allow them to create applications that can interact with various cross-chain assets on Flare.
Presently, Ripple XRP is showing mixed sentiment on the price chart as it exchanges hands at $0.4995 – $0.5341 price range. While the altcoin is up 3.2% on the weekly price chart, it is down 9.6% on the monthly price chart.
Despite the mixed sentiment, analysts are still bullish on the Ripple coin. They have foreseen a rise of 33.50% to $0.703471 in 2024.
dYdX (DYDX) Secures $30 Million FundingAfter a recent vote from the community, the Dydx (DYDX) Foundation has received $30 million in funding from its community treasury. 98% of the dYdX Chain community had voted in favour of the Foundation Fundraise proposal.
The high vote reflects the community’s strong support of the Foundation’s goals and strategies. The funds will provide the dYdX Foundation with a stable operational foundation for the next three years.
Meanwhile, the Foundation has outlined a roadmap aimed at enhancing the dYdX ecosystem. The roadmap will focus on streamlining governance processes, facilitating the creation and operation of DAOs, etc.
In other news, Dydx’s native token, DYDX, has increased 8.7% and 6.8% on the weekly and monthly timeframes, respectively. This price rally is in line with the positive sentiment that has returned to the crypto market. Analysts are forecasting a potential rise to $5 from its current price level of $2.67 – $3.09.
ConclusionNuggetRush’s play-to-earn game and NFT marketplace have been major selling points during its blockchain ICO. Several investors have been joining the project for FOMO as market experts see the token rising above XRP and dydx after its launch.