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On November 7, Shiba Inu celebrated a significant milestone with a massive token burn event, causing a 19,000% increase in the token burn rate and a reduction in circulating supply. Notably, these Shiba Inu whales’ transactions raised questions about their impact on the market.
NuggetRush (NUGX) is an emerging cryptocurrency at the core of GameFi, DeFi, impact gaming, and play-to-earn (P2E), with plans to launch a P2E game. Its rapid community growth is driven by advanced technology, a community-focused approach, and a vision that caters to NFT, DeFi, and gaming enthusiasts.
HashKey Exchange in Hong Kong is expanding its regional presence by adding Uniswap (UNI) to its list of supported assets. UNI deposits were authorized on November 6, with trading starting November 9, 2023.
Shiba Inu’s recent milestone featuring an unprecedented SHIB token burn event has significantly impacted its ecosystem. Meanwhile, NuggetRush (NUGX), an emerging token, is pioneering a fusion of GameFi and DeFi, promising to usher in a new era of play-to-earn gaming. Yet, in Hong Kong, HashKey Exchange is expanding its influence in the regional market by adding Uniswap (UNI) to its list of supported assets. Can NuggetRush surge to compete with Shiba Inu and Uniswap in the long term? Let’s learn here.
Summary
Shiba Inu Ecosystem Milestone: Token Burn, Whale Movements, and Future Prospects
On November 7, 2023, Shiba Inu’s ecosystem hit a milestone as Shib Dream burned 550 million SHIB tokens within the Shibarium platform. This event garnered massive applause and acknowledgment from the official Shiba Inu (SHIB) team.
Furthermore, Shiba Inu’s (SHIB) community recorded an increase in the token burn rate, increasing by a staggering 19,000%.
The massive increase helped remove over 50% of SHIB tokens sent to dead wallets since October 31. That marks a notable decrease in Shiba Inu’s circulating supply. Analysts believe the token can reach $1 if it continues with this momentum in the long term.
Amidst these developments, the crypto sector observed massive SHIB token movements executed by influential Shiba Inu whales.
One of these transactions involved the transfer of 4.397 trillion SHIB worth $35.9 million, from an unknown Shiba Inu wallet to another. Expectedly, this movement raised questions in Shiba Inu’s community about the motive behind the transaction and its potential impact on SHIB’s market.
On November 8, 2023, SHIB was trading at $0.000008194. Analysts expect SHIB to rise to $0.000008515 by the end of 2023, supported by developments on the network and reducing circulating supply. Hence, Shiba Inu is a good crypto to buy today.
NuggetRush (NUGX) Pioneers GameFi and DeFi Fusion with Play-to-Earn Potential
NuggetRush (NUGX) is an advanced token perfectly positioned at the center of GameFi, DeFi, impact gaming, and play-to-earn (P2E). It is still in its early stages, available as a crypto ICO.
Furthermore, NuggetRush (NUGX) will launch a play-to-earn (P2E) game while integrating tokenomics, consisting of a governance token designed with deflationary characteristics. The rapid growth of an active community, coupled with massive interest in NuggetRush (NUGX) in presale, can be attributed to multiple factors and elements.
These factors include cutting-edge technology, community-driven progress, and a vision that enables NFT, decentralized finance (DeFi), and gaming enthusiasts to engage with and derive value from NuggetRush’s (NUGX) “ecosystem of rewards.”
NuggetRush’s vision exceeds its presale rounds, pushing NUGX towards a potential $100 million market capitalization. This noteworthy target and its many utilities represent a growing momentum that may push it to become the best DeFi crypto in the market.
Additionally, no taxes will be imposed on sales and purchases of the token. Due to that, NuggetRush (NUGX) has become appealing to many investors.
Currently, NUGX trades at $0.010 in round 2 of the presale. Round 2 investors will enjoy a 67% ROI when NuggetRush (NUGX) hits the launch price of $0.020.
HashKey Exchange Expands Supported Assets with Uniswap (UNI) Listing
HashKey Exchange in Hong Kong is boosting its commitment to the regional market by enhancing its list of supported assets to include Uniswap (UNI).
On November 6, 2023, the exchange stated in a press release it had started accepting Uniswap (UNI) deposits, with trading beginning at 16:00 on November 9, 2023 (UTC+8). Uniswap (UNI) will be tradable against the United States dollar and will be available for professional investors only.Â
Nonetheless, HashKey is yet to clarify whether Uniswap (UNI) will be offered to non-professional investors in the future.
Elsewhere on November 4, Arkham Intelligence highlighted that a Uniswap (UNI) investor lost $700,000 in 12 seconds because of MEV Bots. The person, called 0×568, made a massive error when developing a new pool for WBTC-CRV on Uniswap v3. They added $1.5 million worth of liquidity accidentally, way above the fair UNI market price.
MEV Bots rushed to swap CRV tokens for valuable WBTC, resulting in the loss of almost all of that investment. Despite the incident highlighting the risks involved, Uniswap (UNI) is still rising.
On November 8, 2023, Uniswap (UNI) was trading at $4.95. Analysts expect UNI to rise to $5.45 by the end of 2023, supported by the listing on HashKey listing.
Visit NuggetRush Presale Website Â
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