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Ripple announces plans to introduce a stablecoin on both the XRP Ledger and Ethereum, while Starknet slashes its declaration fee by 30x for version 0.13.1.1. Meanwhile, analysts spotlight NuggetRush as the upcoming standout in the crypto gaming landscape.
In the latest crypto news, Ripple, the crypto remittance giant, wants to launch its own stablecoin. Meanwhile, Starknet has slashed its declaration fee for v0.13.1.1 by 30x. In other news, analysts have thrown their weight behind NuggetRush as the next crypto gem in the gaming space.
NuggetRush emerges as the leading gaming token
The gaming sector has shown bullish growth in the past decade. Several gaming platforms have taken gaming to the next level using blockchain technology and NFTs. Also, others have adopted a play-to-earn system to ensure that players are rewarded for their time.
However, NuggetRush (NUGX) is a new DeFi project that has taken a different approach. The project blends all features – play-to-earn gaming, NFTs, meme coins, GameFi, and blockchain technology – into one mining platform.
NuggetRush’s approach is aimed at creating a comprehensive platform that will offer gamers the best of both worlds. It will allow them to mine for resources and sell them for real cash. NuggetRush also has some of the most interesting NFTs – RUSHGEM. These NFTs can be converted to actual gold, making them one of the leading NFTs to invest in.
Meanwhile, the NuggetRush platform has a utility token called NUGX, which just finished its presale. This token will be a huge part of this game and is predicted to soar as the adoption of the game rises. The token is currently valued at $0.020 and will be listed on exchanges in the coming weeks.
Ripple to launch stablecoin in 2024
Ripple wants to launch its own stablecoin in the coming months. The project noted it would deploy the stablecoin on Ethereum and the XRP Ledger first. Afterwards, it would work towards expansion. It is worthy of note that this stablecoin will be linked to the US dollar and supported by USD deposits, short-term US bonds, and cash equivalents.
In order to ensure a transparent process, Ripple intends to deliver monthly attestations of its stablecoin reserves. Ripple XRP responded well to the news. Yet, the altcoin price remains 4.5% lower on the weekly price chart. At present, it is oscillating between $0.5682 and $0.6357.
Starknet reduces declaration fee
Starknet has revised its class declaration fee for version Starknet v0.13.1.1. This comes after feedback from its community. The new fee is now 30x less than the previous one.
As per a recent tweet, the Starknet v0.13.1.1 is planned to be deployed on the Sepolia testnet on April 8th. The launch of the mainnet is anticipated on April 15th. On a different note, STRK coin of Starknet has decreased by 14.6% in the last week.
During that time, the altcoin traded within the range of $1.86 and $2.21. The bearish trend of Starknet began on February 20th, 2024, when it hit an all-time high of $4.41. Its poor price action disqualifies it from the list of best cryptos to buy.
Conclusion
Ripple is set to release a stablecoin later this year, a move that could positively affect XRP. Meanwhile, the community of Starknet claimed that the declaration fee was too much, and this almost halved its rate. At the same time, NuggetRush has become one of the leading gaming tokens in the market. Smart investors are already buying in anticipation of the official launch.
To learn more, visit the NuggetRush Presale website.
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