TLDR
- Hong Kong’s HashKey Exchange will list Chainlink’s LINK token, with trading starting on November 10, exclusively catering to professional investors. Chainlink’s recent developments have positioned it for growth.
- THORChain (RUNE) achieved a record $3 billion in monthly trading volume in October, attributed to the integration of its Streaming Swaps feature. This feature helps minimize price slippage by breaking swaps into sub-swaps over time.
- NuggetRush (NUGX) is a community-driven play-to-earn (P2E) game on the Ethereum blockchain that fosters social responsibility. The platform shares some of its earnings and rewards with artisanal miners in underdeveloped countries.
Hong Kong-based HashKey Exchange revealed its plans to list Chainlink’s LINK token with services targeting professional investors. On the other hand, THORChain (RUNE) achieved a significant milestone by reaching a monthly trading volume of $3 billion, driven by the integration of Streaming Swaps. Yet, NuggetRush (NUGX) introduces a unique play-to-earn game with a strong focus on community and real-world impact. Will Chainlink, THORChain, and NuggetRush keep rising? Let’s explore here.
What you'll learn 👉
HashKey Exchange to List Chainlink (LINK) Token for Professional Investors
On November 7, 2023, Hong Kong-based HashKey Exchange confirmed its plans to list Chainlink’s LINK token. HashKey said that the trading of the LINK/USD pair will start at 4 p.m. Hong Kong time on November 10. Notably, the exchange has already opened the withdrawals and deposits for Chainlink (LINK).
Nonetheless, this Chainlink (LINK) trading service will only be offered to professional investors, according to the exchange’s official statement.
In July, Chainlink (LINK) introduced its cross-chain interoperability protocol in an “early access” phase. In September, Chainlink’s (LINK) CCIP went live on the Base layer-2 blockchain incubated by Coinbase.
Elsewhere, Rekt Capital said on November 7 that Chainlink (LINK) is now in the middle of a long-term uptrend. The analyst highlighted that Chainlink has broken out of the consolidation phase it has been in since May 2022, testing LINK investors’ patience.
On November 7, LINK was trading at $12.85. Analysts expect LINK to surge to $15.25 by the end of 2-23, supported by developments on its network. The potential surge makes Chainlink a good crypto to buy today.
NuggetRush (NUGX) is a Community-Driven P2E Game with Real-World Impact
NuggetRush (NUGX) is a blockchain-based play-to-earn (P2E) game supported by the Ethereum blockchain. On that note, NuggetRush’s game ownership concept is community-driven.
Moreover, NuggetRush (NUGX) helps promote social responsibility. Some of the earnings and rewards acquired from the platform are sent to artisanal miners in underdeveloped countries.
Hence, NuggetRush (NUGX) helps real-world miners with no proper equipment and technical facilities to mine safely. Thus, analysts rank it among the best DeFi projects.
As a gamer, you can build NuggetRush (NUGX) mining facilities with the help of mining experts and other gamers. The mining facilities extract minerals and valuable real-world metals.
Furthermore, users can easily stake the mined minerals, non-fungible tokens (NFTs), and other assets on NuggetRush to get impressive APY on the platform. Interestingly, the marketplace supports the trading of all assets and NUGX rewards earned on the platform.
Round 1 of NuggetRush’s (NUGX) presale is complete, and the price surged from $0.010 to $0.012 as the token moved to Round 2 of the presale. The price surge translates to a 20% ROI for the early investors.
In that context, Round 2 NuggetRush (NUGX) investors will get a 67% profit after its price hits the presale target of $0.020 per token. These price increments make NUGX the best crypto investment today.
THORChain (RUNE) Hits $3B Monthly Trading Volume, Surges with Streaming Swaps Integration
The monthly trading volume on THORChain (RUNE) reached $3 billion in October for the first time since it launched. This surge in volume was because of the integration of THORChain’s (RUNE) Streaming Swaps feature across multiple platforms last month.
Introduced in September, Streaming Swaps let THORChain (RUNE) users break down one swap into many sub-swaps executed over time. The feature minimizes THORChain price slippage, which is the difference between the expected price of a RUNE trade and the real price at execution.
Elsewhere, THORChain (RUNE) recorded a massive rally in its DeFi total value locked (TVL) in October. DefILlama data showed that during the month, the protocol’s TVL reached $491 million, its highest value since May 2022.
Furthermore, THORChain’s (RUNE) decentralized exchange (DEX) ThorSwap recorded a continuous uptick in liquidity held across all liquidity pools hosted on it. As of October 31, 2023, ThorSwap’s total liquidity reached $187 million, a 40% surge since the start of the month.
With all these developments, THORChain (RUNE) had to rise. On November 7, 2023, RUNE was trading at $3.28. Analysts expect THORChain (RUNE) to rise to $4.15, supported by developments on its network.
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