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Shiba Inu achieved a significant landmark on November 7 with a pivotal token burn event, leading to a staggering 19,000% decrease in token burn rate and circulating supply. The recent whale transactions in Shiba Inu have prompted discussions about their influence on the market.
NuggetRush (NUGX) GameFi stands as an upcoming cryptocurrency at the core of DeFi, impacting gaming and play-to-earn (P2E), with intentions to introduce P2E games. Its rapid community expansion is fueled by advanced technology, community-focused strategy, and an approach that caters to enthusiasts of NFT, DeFi and Gaming.
hashkey exchange is broadening its footprint in Hong Kong by adding Uniswap (UNI) to its roster of supported assets. UNI deposits were approved on November 6, with trading commencing on November 9, 2023.
The remarkable SHIB token burn event has significantly influenced Shiba Inu’s ecosystem. In parallel, NuggetRush (NUGX), a burgeoning token, is leading the fusion of GameFi and DeFi, promising to usher in a new era of play gaming to earn. Meanwhile, in Hong Kong, the Hashkey exchange is extending its impact in the regional market by incorporating Uniswap (UNI) into its supported assets. Can nuggetrush surge to compete with Shiba Inu and Uniswap in the long term? Let’s discover more.
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Shiba Inu ecosystem milestone: token burn, whale movement and future prospects
On November 7, 2023, Shiba Inu’s ecosystem reached a milestone with the burning of Shiba Dream 550 million shibs tokens within the Shibarium platform. This initiative received substantial recognition and acknowledgment from the official Shiba Inu (SHIB) team.
Moreover, the Shiba Inu (SHIB) community has observed a remarkable surge in token burn rate, with a staggering 19,000% increase.
This contributed to the removal of a significant portion of the circulating supply, with 50% SHIB tokens directed to a dead wallet since October 31. This represents a substantial reduction in Shiba Inu’s circulating supply. Analysts speculate that with sustained momentum, the token could potentially reach $1.
Amid these developments, the crypto sector witnessed extensive SHIB token movements carried out by influential Shiba Inu whales.
One of these transactions involved the transfer of 4.397 trillion shib valued at $35.9 million, from an unidentified Shiba Inu wallet to another. As expected, this transaction raised queries within the Shiba Inu community regarding its purpose and potential impact on the SHIB market.
SHIB was trading at $0.000008194 on November 8, 2023. Analysts anticipate SHIB to increase to $0.000008515 by the end of 2023 due to network growth and circulating supply reduction. Therefore, Shiba Inu represents a splendid cryptocurrency to acquire at present.
NuggetRush (NUGX) Pioneers GameFi and DeFi Fusion with Play-to-Earn Potential
NuggetRush (NUGX) is an innovative token positioned at the heart of GameFi, DeFi, Impact Gaming, etc. play to earn (P2E). It is still in its initial stages, available as a crypto ico,
Soon, NuggetRush (NUGX) will introduce a play-to-earn (P2E) game that integrates tokenomics, featuring a governance token with deflationary attributes. The rapid expansion of an engaged community, along with widespread interest in NuggetRush (NUGX) during pre-sale, can be ascribed to numerous factors and aspects.
These factors encompass cutting-edge technology, community-led advancement, and an approach that empowers NFT, decentralized finance (DeFi), and gaming enthusiasts to interact with and derive value from it. NuggetRush (NUGX) presents “The Rewards Ecosystem.”
Nagatarash’s vision surpasses its pre-sales round, propelling NUGX towards a potential $100 million market cap, demonstrating considerable momentum that could position it as the preeminent defi cryptocurrency in the market.
Additionally, no taxes will be imposed on token transactions, making NuggetRush (NUGX) appealing to numerous investors.
Currently, NUGX trades at $0.010 in the second round of presale. Investors in the second round will enjoy a 67% ROI. NuggetRush (NUGX) debuted at a price of $0.020.
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Hashkey Exchange Expands Supported Assets with Uniswap (UNI) Listing
hashkey exchange in Hong Kong is reinforcing its commitment to the regional market by enlarging its list of supported assets to include Uniswap (UNI).
On November 6, 2023, the exchange announced in a press release that it has commenced accepting Uniswap (UNI) deposits, with trading commencing at 16:00 on November 9, 2023 (UTC+8). It will be tradable against Uniswap (UNI) United States dollar and will be accessible exclusively to professional investors.
However, Hashkey has not clarified yet whether Uniswap (UNI) will be offered to non-professional investors in the future.
Elsewhere, on November 4, Arkham Intelligence spotlighted that a Uniswap (UNI) investor incurred a $700,000 loss in 12 seconds due to a mev bot. 0×568 made a significant error when creating a new pool for WBTC-CRV on Uniswap v3, adding $1.5 million worth of liquidity, significantly exceeding the fair market value of UNI.
MEV bots hurriedly swapped CRV token for valuable WBTC, resulting in nearly complete loss of the investment. Despite this episode underscoring associated risks, Uniswap (UNI) continues to surge.
Uniswap (UNI) was priced at $4.95 on November 8, 2023. Analysts anticipate UNI to increase to $5.45 by the end of 2023, buoyed by the Hashkey listing.
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*This article was sponsored, and not authored or tested by a cryptonomist.