The DeFi community is showing interest in a new project, NuggetRush, which is a mining adventure game. NuggetRush introduces professional entrepreneurs and artisanal miners in the form of NFTs, which are key to building successful mining operations. Players can earn rewards in a variety of ways, including participating in competitions and fights, as well as completing quests. The game also offers a marketplace where users can sell resources and in-game collectables. NuggetRush is a community-driven effort that encourages user engagement for larger rewards. Players can form mining groups to increase their payouts and mining efficiency. Holders of the NUGX token can gain access to unique sections within the game as well as governance powers. The ongoing blockchain ICO has now sold over 140 million NUGX tokens. The NUGX coin is now worth $0.015 after gaining 50% from its starting price of $0.010.
Popular crypto expert Ali is hopeful that Polygon (MATIC) could reach $0.96 by the end of January 2024. Polygon prices have dropped on the weekly and monthly charts, but people are still interested in it, particularly because of the Polygon 2.0 overhaul. Polygon’s pricing is now fluctuating between $0.800 and $0.900.
Ripple (XRP) experienced two significant whale transactions. Whale Alert reported that on January 8th, two large transfers involving a total of 126.7 million XRP occurred. The funds were moved between unknown wallets and a centralized exchange (CEX). The first transaction was a transfer of 26.7 million XRP to Bitstamp, a crypto exchange based in Luxembourg. 100 million XRP were transferred from Ripple’s holdings to an unidentified wallet in the second transaction. The price of Ripple’s XRP fluctuates between $0.5521 and $0.638.
Apple has removed Binance, Kraken, MEXC and Kucoin apps from its App Store in India. This comes just over a week after the Indian government issued warnings to the cryptocurrency exchanges for non-compliance. A new exchange platform, Pullix (PLX), continues to see great traction during its presale. Trading on a hybrid exchange means users have access not just to liquidity, but also to all the robust security features that make top CEX platforms the industry’s choice.
Amid this stance by the Indian government, global regulators and such, and with crypto still reeling from the collapse of FTX, decentralised exchanges (DEX) have emerged as crucial players. However, things like high trading fees, price slippage, and more importantly liquidity issues mean a new type of exchange offering the best of both the CEX and DEX platforms is increasingly becoming popular. This new type of exchange is hybrid – its not centralised, but offers all that users have come to like about these platforms. Users out to get the best of the two worlds – CEX and DEX – will find Pullix (PLX) a great platform to use.
With Pullix, it won’t just be the convenience and benefit of an orderbook, it also brings institutional, liquid, and slippage-free trading to its users. Of course security is a main concern and Pullix’s non-custodial approach means users have full control of their assets. Experts point to DeFi being one of the top trends in 2024 amid the bull market, and Pullix’s launch could coincide with an explosive demand across the industry. To make a mark, the platform will offer users a unique, user-friendly exchange to buy, sell or trade different tokens, CFDs and ETFs among other assets. All the while, the PLX token will grant holder exclusive perks, including from a revenue-sharing mechanism not available elsewhere in the market. When it launches, it will provide access to liquidity provision, yield farming and staking opportunities to holders of the native PLX token. The whitepaper also highlights a DeFi and NFT Launchpad. Currently, the Ethereum-based platform is in presale, with PLX available at $0.08 during stage six.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇮🇳 🇱🇺 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Bitstamp, Kraken, Binance, MEXC, NuggetRush, Ripple, Huobi, Bitfinex, Financial Intelligence Unit India (FIU IND), Pullix (PLX), Gate, Apple, Kucoin, Bittrex, Polygon |
| Currencies | XRP, mexc, Parallax, BUSD, kraken, nuggetrush (nugx), KuCoin, Polygon |
| Securities | None |
