THORChain Rises as #2 DEX by Daily Trades; NuggetRush Draws Shiba Inu Crowd

• THORChain’s trading activity has soared in the past few weeks, making it one of the most active decentralized exchanges. 
• Shiba Inu (SHIB) has also increased its token burns by over 40% over the past week.
• NuggetRush (NUGX) is gearing up to launch an interactive mining experience filled with financial rewards.

THORChain’s trading activity has soared due to rising bullishness in the crypto market. Given its rising trade volume, THORChain has now become one of the largest decentralized exchanges. Elsewhere, Shiba Inu has increased its SHIB token burn rate over the past week.

Still, some Shiba Inu backers are opting for NuggetRush and its fast-growing top ICO. Experts say NuggetRush’s (NUGX) uniqueness will make it an investor favorite. Will they be proven right? Let’s discuss.

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THORChain (RUNE) Records $334 Million Trading Volume

THORChain’s (RUNE) popularity has risen sharply in the past few weeks as its daily trading volume rose to $334.3 million.

THORChain’s soaring trade volume propelled it to the second-largest decentralized exchange. Only Uniswap’s daily trading volume of $1.14 billion is larger. As expected, THORChain’s weekly trading volume increased by 102% to $1.32 billion.

Data from DeFilama showed that THORChain’s total value locked (TVL) stood at $259.3 million.

As THORChain’s trading volume rose, RUNE’s value followed. RUNE’s value stood at $1.68 on October 10. By November 1, RUNE jumped by 75.6% to $2.95. As investor sentiment rose, RUNE grew by another 73.7% to $5.14 by November 12.

Interest in cryptocurrencies could rise following the approval of Spot Bitcoin ETFs. Likewise, THORChain’s trading activity would also increase. If this happens, RUNE could jump by 64.4% to $8.45.

NuggetRush (NUGX): Creating Wealth Through Interactive Gaming

NuggetRush (NUGX) is creating a game to meet the rising demand for play-to-earn games. It offers an innovative mining adventure that creates multiple pathways to building wealth. NuggetRush’s P2E game gives users a mining ecosystem where players can collaborate to win higher rewards.

NuggetRush (NUGX) is a video game mining world that looks and feels very realistic. The game’s objective is simple: become a successful miner. Each player will get help from NFT characters that comprise artisanal miners and business experts.

After completing a mining task, NuggetRush will offer rewards that include in-game currency, NFT characters, and upgraded machinery. More rewards are on offer when players join mining guilds.

NuggetRush (NUGX) allows players to collaborate with mining groups within its ecosystem. Players can also collaborate with expert artisanal miners, thus boosting their winning chances. Lastly, players can earn money selling in-game assets over NuggetRush’s marketplace.

Also, gamers can stake their NuggetRush NFTs for fixed returns. Like all blue-chip crypto projects, NuggetRush’s blockchain ICO is selling very fast. The project has reached over $400,000 in token sales. Yet, it just entered round two of its presale, valued at $0.012.

Round one buyers have seen a 20% ROI as NUGX grew by 20% as it entered round 2 of its presale. Round 2 buyers will earn an 8.3% interest as NUGX will rise to $0.013 by the next round.

NUGX’s exchange listing will follow once its value hits $0.02. Given its expected market performance, analysts conclude that NUGX could be one of the best cryptocurrency investments.

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Shiba Inu (SHIB) Network Activity Rises After Token Burn Increase

Data from Shibburn showed that Shiba Inu (SHIB) burned more tokens this past week. The report showed that Shiba Inu burned 373.7 million tokens this week, a 44% increase from last week’s token burn. Many Shiba Inu community members have come to expect token burns following Shibarium’s launch.

Shiba Inu’s token burns coincide with the increase in SHIB’s value since the end of October. SHIB was trading at $0.000006737 on October 18. By November 1, SHIB had risen 12.7% to $0.000007593.

SHIB’s value rose by 15.3% to $0.000008757 following an increase in token burns by Shiba Inu’s team. They expect SHIB’s value to rise by increasing its scarcity via burning.

Moreover, Shiba Inu’s investor sentiment could jump due to excitement around positive spot Bitcoin ETF rumors. If the bullishness continues, SHIB might rise by 6.8% to $0.000009357.

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