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- Taurus has partnered with Lido Finance to make Ethereum staking available to its clients.
- Asset managers have predicted a 50/50 chance for the US SEC to greenlight Ethereum ETF.
- NuggetRush offers NFT stakers 20% APY.
Taurus has teamed up with Lido Finance, extending Ethereum staking options to its clients. Asset managers foresee a 50/50 likelihood of the US SEC approving an Ethereum ETF. Meanwhile, NuggetRush has offered NFT stakers a 20% APY offer if they stake their NFTs, making NuggetRush one of the best DeFi projects in the market.
NuggetRush (NUGX): Stake NFTs and Earn Rewards
NuggetRush (NUGX) is on the verge of launching a play-to-earn (P2E) game designed to provide entertainment for players and benefits for NUGX token holders. This upcoming game will feature the most popular NFTs, offering players the opportunity to buy and sell these digital assets on NuggetRush’s NFT marketplace.
The play-to-earn game will feature a crypto-mining virtual game where players can search for precious minerals separately or in groups. The fun of the game is that players can take part in competitions, earn rewards, and expand their mining business as they grow. This expansion can take the form of employing new workers or buying new mining equipment to help with searching and excavation.
NUGX, the main token of NuggetRush, will play a crucial role as the game’s official currency. This setup allows players to trade their in-game assets for NUGX or swap them for different NFTs. Furthermore, there is an opportunity for players to stake their NFTs, with the potential to earn up to 20% Annual Percentage Yield (APY).
Beyond its utility in transactions within the game, NUGX also empowers its holders with governance rights. This allows them to take part in the decision-making process. To ensure top-notch security, SolidProof has audited NuggetRush’s platform’s smart contracts, verifying that it is bug-free.
With these features and broad utility, NuggetRush is on track to secure its position as a top crypto to invest in. Currently tipped as one of the best ICOs, NUGX is priced at $0.018, with experts predicting a 50x growth post-launch. This has sparked increased FOMO among investors, who have bought over 184 million NUGX tokens.
Lido DAO (LDO) Partners With Taurus
In a recent tweet, Swiss-based crypto custody firm, Taurus, announced that it has partnered with Lido Protocol to bring custody and staking support for staked Ethereum (stETH) to its platform.
This would allow clients to receive earnings by holding and staking Ethereum. Victor Busson, the Chief Marketing Officer at Taurus, mentioned in a press statement that their objective is to create a seamless connection between the digital asset domain and the traditional financial sector.
Meanwhile, Lido DAO’s token, LDO has joined the rest of the crypto market in a bullish price movement. Data from CoinMarketCap shows that the token witnessed a 12.2% pump to a 7-day peak of $3.35 from its 7-day low of $2.84.
With the bulls having reclaimed the $3.00 region, the next price target is at $3.45. However, Lido DAO will have to face resistance at $3.18, $3.24, and $3.30. If the bulls succeed, they could push the DeFi coin price to $4.00 or fall below the $3.00 price level if bearish sentiment enters the market.
Ethereum (ETH) ETF Approval Prediction Placed At 50/50
At a panel discussion on February 13th, executives from top management firms, Galaxy Asset Management, Bitwise Asset Management, and Grayscale discussed the future of Ethereum (ETH) ETFs. Bitwise’s Matt Hougan gave a hopeful stance, predicting a 50/50 chance of approval by May. Galaxy’s Steve Kurz also shares a similar view with Hougan.
However, he took things a step further by forecasting a 75% likelihood of approval by the end of 2024. Later on in the discussion, Grayscale’s Dave LaValle brought up the possibility of legal challenges against the U.S. SEC if their Ethereum ETF application were to be denied.
He referred to Grayscale’s past legal strategy which prompted the SEC to rethink its stance on spot Bitcoin ETF application. While the crypto community awaits the regulator’s verdict, Ethereum coin is currently trading at the $2,419.29 – $2,821.10 price range. It is about 43% below its ATH of $4,891.70.
Final Words
NuggetRush’s 20% APY for investors is one of the best in the market offering them a chance to earn passive income while playing games. Although NuggetRush is one of the new DeFi projects, analysts believe it could rise to combat the likes of Ethereum and Lido DAO.
