TLDR
- Tron’s (TRX) new TVL milestone indicates its growing network activity.
- XRP’s trial date gets closer amid an order to hand over its documents to the SEC.
- NuggetRush (NUGX) edges closer to an official launch as its token sale count reaches 187 million.
DeFi activity on Tron (TRX) is rising in mid-February. XRP is also on the rise as its landmark court battle continues.
Still, NuggetRush (NUGX) will outperform many top altcoins due to FOMO around the sale of 187 million tokens in its presale. The project has also generated over $2.3 million in revenue. Yet, can NUGX meet the growth expectations of investors? Let’s discuss.
NuggetRush: Merging Virtual Worlds with Mining Adventures
A mining adventure game is the last thing many expect to see in the play-to-earn industry. However, NuggetRush’s (NUGX) upcoming launch will bring a virtual experience where you can collect gold rewards from establishing a mining business.
NuggetRush (NUGX) features a meme coin ecosystem that rewards community participation. It plans to raise $100 million in market capitalization by leveraging the high demand for blockchain gaming adventures.
The gaming experience on NuggetRush (NUGX) is incomparable to other play-to-earn networks. NuggetRush (NUGX) fosters solo and community participation in its gameplay. Users can mine resources alone or with a group, thus earning higher rewards from community activities.
NuggetRush (NUGX) is a few days away from launching its Ethereum-based mining game. Its blockchain ICO, which became immensely popular over the past few weeks, is about to end. The network has sold 187 million NUGX tokens as round five of its presale winds down. It currently trades at $0.018. Yet, token holders are waiting for NUGX’s 11.1% pump to $0.020.
Tron Crosses TVL Milestone
The Total Value Locked (TVL) of all DeFi projects on Tron (TRX) has exceeded $22 billion. The news indicates the growing DeFi activity on Tron (TRX). Yet, analysts were surprised as controversies hindered Tron’s (TRX) recent performance.
TRX traded at $0.1141 on January 14. It fell by 4.7% to $0.1087 on January 24. TRX jumped by 9.3% to $0.1189 on February 5. It closed at $0.1364 on February 19 after a 14.7% increase.
Tron’s stablecoin activity soared in 2023. Tether issued 50% of all USDT tokens on Tron. Furthermore, its network activity will rise further due to plans to build DeFi services on the Bitcoin network. This could make Tron (TRX) a powerhouse among top DeFi projects. It could also push TRX’s value up by 31.4% to $0.1793.
XRP Records Price Increase as April Trial Date Approaches
XRP’s price increased in mid-February amid reduced investor sentiment over its heavyweight court case against the SEC. A court recently ordered Ripple Labs to submit XRP sale reports between 2022 and 2023 to the SEC. Ripple Labs asked the court to extend its February 12 deadline to February 20.
Now that the deadline is over, analysts speculate on its possible effect on the SEC’s position in court. Amid sentiments around its court case, XRP traded at $0.5267 on January 22 after losing bullish momentum from the previous month. It fell by 3.8% to $0.5062 on February 5 before jumping by 11.1% to $0.5626 on February 19.
The SEC plans to appeal the ruling that says programmatic sales of XRP tokens did not violate securities law. Analysts say the XRP files handed over to the SEC could be a pivotal revelation in the case. This could give the SEC an upper hand, forcing Ripple Labs to a settlement. XRP could fall by 12.8% to $0.4905 if the case goes against Ripple Labs.
