Stellar Protocol 20 Goes Live, NuggetRush’s Dual Utility Attracts Investors, Ethereum Taps 2022 Highs

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TLDR:

  • Stellar’s protocol 20 has gone live, allowing new smart contract capabilities.
  • Ethereum has crossed $3k for the first time since 2022.
  • NuggetRush’s utility as a meme coin and gaming token has caught investors’ interest.

Stellar’s Protocol 20 has been launched, bringing new smart contract capabilities to the platform. In a significant milestone, Ethereum has surged past the $3,000 mark for the first time since 2022.

Meanwhile, NuggetRush’s unique dual utility as both a meme coin and gaming token has captured the attention of investors, fueling further interest in the new DeFi project.

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NuggetRush (NUGX) Gains Traction in the GameFi Space

NuggetRush (NUGX) stands out as both a gaming token and a meme coin, central to a community-driven play-to-earn (P2E) game. The game allows players to earn valuable rewards.

This blend of amusement and real-world utility has led analysts to tip its native token, NUGX, as one of the best altcoins to invest in. A distinctive feature of NuggetRush is that it enables players to earn both gold and monetary rewards during gameplay, aiding miners in less developed countries.

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Players in NuggetRush can procure mining setups, stake character NFTs for impressive yields, and even stake NUGX tokens. They gain access to NFTs like the RUSHGEM which are the best NFTs to buy. These exclusive RUSHGEM NFTs can be traded for actual gold, with the gold being directly sent to players’ homes. 

Currently, NuggetRush is nearing the end of its fifth presale stage. The DeFi coin price has witnessed an 80% rise, moving from $0.010 to $0.018. Upon launch, many crypto experts expect NUGX to increase by up to 50x, making now the best time to join NuggetRush.

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Stellar (XLM) Protocol 20 Now Live

The Stellar Development Foundation (SDF) has revealed the integration of smart contract functionality into the Stellar network. In a statement dated February 20th, the SDF reported that the Stellar network validators have implemented the “Protocol 20” upgrade. 

Stellar expressed that the addition of smart contracts to its ecosystem will pave the way for the creation of new decentralized applications (DApps). This development allows developers to craft unique protocols and various applications within the Stellar network.

Following the news, Stellar’s XLM has become one of the best tokens to HODL, as its price could increase in the coming months. Currently, Stellar has seen a little price pump of 0.4% moving from a low of $0.1123 to a weekly peak of $0.121.

Ethereum (ETH) Price Soars 

Ethereum (ETH) has been leading other altcoins in a bullish rally in the past few weeks. Currently, the altcoin has reached a new two-year high of $3,031.52. 

This is the first time Ethereum has crossed the $3,000 price level since April 2022. This bullish price movement has increased the token’s gains on the weekly and monthly timeframes to 6.0% and 22.8%.

The recent surge in price is primarily due to growing market excitement about two key events. The first is the possible approval of a spot Ethereum exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). 

The second significant event is the upcoming activation of the Ethereum Improvement Proposal (EIP) 4844 alongside the Dencun upgrade.

Conclusion 

Although Stellar and Ethereum might experience further increases in future trading sessions, analysts are shifting their focus back to meme coins like NuggetRush. They have identified NuggetRush as one of the top cryptos to invest in, highlighting its function both as a gaming token and a meme coin.

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