TLDR:
THORChain has made headlines with a bold proposal from its developers to burn 60 million RUNE. Meanwhile, XRP Ledger has launched Rippled update Version 2.0.1 to address specific bugs.
In other developments, NuggetRush has captured investors’ interest with its long-term potential. This long-term potential makes it the best crypto investment at the moment.
NuggetRush (NUGX) is a platform that blends real-world rewards, gameplay, and excitement exploration. It sets itself apart in the play-to-earn sector by aiding miners in less developed regions. NuggetRush even encourages competitive play and real income generation.
Players are allowed to mine for virtual gold nuggets in the game, which can be exchanged for actual gold on NuggetRush’s marketplace. This marketplace also features assets, trending NFTs, and mined goods these players can buy.
Meanwhile, there are special NFTs called RUSHGEMs, which can be changed into real gold. Players can search for these NFTs on the platform. For investors in search of the best altcoins, NuggetRush stands out due to its growing popularity and long-term growth potential.
It even enables users to earn passive income. Now in the 5th round of its cryptocurrency ICO, NuggetRush’s NUGX token is priced at $0.018. With over 168 million NUGX tokens sold, the project is quickly attracting more investors.
On January 30th, THORChain developers released a proposal to the community to burn 60 million RUNE tokens from the Standby Reserve fund. This is about 12% of RUNE’s total supply and is aimed at increasing the lending capabilities within THORChain.
A developer from THORChain, known as @Pluto9r on X, mentioned that this proposal could position the project as the “world’s deepest BTC pool.” Unfortunately, the THORChain community was divided as many kicked against the proposal.
Some members could see how burning THORChain tokens would boost the platform’s lending capacity. Others complained about the idea being just assumptions. In defense, THORChain explained that burning 60 million tokens would raise the value of the remaining RUNE tokens.
The XRP Ledger (XRPL) has announced the release of rippled (XRP Ledger Server) Version 2.0.1 on X. This new release addresses several bugs in the previous version. However, it does not introduce new features.
Key improvements include a fix for uncontrolled memory increase associated with the path_find command. Additionally, it resolves an issue where online deleting sometimes leads to delays in saving records to disk.
Meanwhile, Ripple’s XRP is trading at the $0.4924 – $0.5387 price range on the weekly chart. The altcoin price has dropped 2.9% in the past week and 22.1% in the past month.
While the token has dropped on the weekly and monthly price chart, it has increased 23.3% on the yearly price chart.
THORChain and Ripple have seen good years, but it appears their best years are far behind. This is the time for investors to go for new DeFi projects like NuggetRush, which has the potential for its biggest price surge ahead of it.
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