Tuesday, 27 February 2024
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Filecoin and Polkadot See Growth, NuggetRush Draws Interest with Its Novel Offering

Filecoin and Polkadot See Growth, NuggetRush Draws Interest with Its Novel Offering

TLDR

  • Filecoin (FIL) will get a DeFi boost following the launch of Pyth price feeds on its network.

  • Polkadot (DOT) users will also enjoy a substrate native token bridge to Ethereum L2 networks.

  • NuggetRush (NUGX) is establishing its name in the gaming market after selling 168 million tokens.

Filecoin (FIL) has announced the launch of Pyth price feeds on its virtual machine. Polkadot’s (DOT) community is celebrating the launch of a native token bridge powered by XCM.

Yet, NuggetRush’s (NUGX) offer to provide uncommon rewards for its NFT gaming activities continues to woo investors. It has now raised an 80% profit in its presale. Yet, can NUGX emerge as one of the best cryptocurrency investments? Join the discussion.

>> Buy NuggetRush Now <<

PYTH Price Feeds Launches on Filecoin

Pyth price feeds are now live on Filecoin’s Virtual Machine. The new partnership would allow Filecoin users to access crucial financial data. Furthermore, Pyth will open up the Filecoin (FIL) community to its over 80 market participants, with players like CBOE, Binance, OKX, and Bybit.

The partnership could further boost Filecoin’s (FIL) market growth. FIL traded at $7.6080 on January 1. It fell by 23.5% to $5.8160 on January 14. FIL dropped by 15.9%, reaching $4.8911 on January 23 before a 5.3% recovery to $5.1547 on January 30.

Filecoin’s (FIL) virtual machine has become more popular in recent years, as evidenced by growing partnerships on the network. Some analysts say Filecoin’s (FIL) network activity will increase following the partnership with Pyth. 

Furthermore, FIL could rise by 9.6% to $5.6509, becoming one of the top DeFi projects.

Polkadot Gets First Substrate Native Token Bridge to Ethereum L2 Network

On JanuaryNUGX 24, 2024, Polkadot (DOT) announced a substrate native token bridge enabled by XCM. The token bridge would allow Polkadot users to transfer Manta tokens between Manta Atlantic and Pacific on Ethereum.

The news excited Polkadot’s community amid DOT’s recent fall. DOT traded at $8.5989 on January 1. It fell by 14.7% to $7.3271 on January 14. DOT’s bearish momentum increased, pushing its price up by 8.9% to $6.6702 on January 27. DOT jumped by 5.4% to $7.0309 by January 29.

Polkadot (DOT) hopes to bring more users to its network to fend off competition from other altcoins like Polygon and Cardano. Analysts say its new…

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