- The highly anticipated spot Bitcoin and Ethereum ETFs have been launched on the Hong Kong Stock Exchange.
- The total value locked on Sui has surged above $600 million, but its price continues to decline.
- NuggetRush continues to defy the bearish market, surging from $0.020 to $0.0382 in a week.
Spot Bitcoin and Ethereum ETFs have finally been launched on the Hong Kong Stock Exchange after weeks of waiting. Meanwhile, Sui, one of the top altcoins, is experiencing a resurgence, with its TVL rallying back above $600 million. On the flip side, NuggetRush is the new DeFi project grabbing headlines with its 91% price surge over the past week.
Spot Bitcoin and Ethereum ETFs Go Live in Hong Kong
Spot Bitcoin and the world’s first spot Ethereum ETFs have gone live on the Hong Kong Stock Exchange. The launch puts Asia ahead of other countries like the United States that continue to postpone the launch of the Ethereum ETF. Remarkably, the first day of the launch was a success.
Brian Roberts of the Hong Kong Exchanges and Clearing told Bloomberg that more than $125 million was recorded on the initial listing day. This is significantly more than the numbers recorded when Bitcoin ETFs were first listed in the US. While Asia offers a greater market, Robers also noted that they will consider other top crypto coins depending on the success of its first listings.
GameFi Profitability Attracts Gamers and Investors To NuggetRush (NUGX)
From its early cryptocurrency ICO phase, NuggetRush (NUGX) has been generating a lot of buzz, helping the project raise over $3.8 million. NuggetRush is one of the most profitable GameFi projects, offering the most exciting rewards. The artisanal mining world is the essence of the virtual world, and players will start as artisanal miners.
NuggetRush dares its users to utilize their minds, strategies, and business sense in order to create and expand their mining businesses. The more massive the mine, the more gold, popular NFTs, rare gems, and valuable minerals a player can get. The prizes can be withdrawn or converted to ERC20 tokens.
The rewards get even better for players who can find RUSHGEMs, trending NFTs that are part of the game. Players who collect these NFTs can convert them into real gold assets. The massive rewards of NuggetRush have enabled a massive onboarding of gamers into its platforms.
Benefiting from this rise, NUGX has become one of the best alt tokens to buy, rallying by more than 91% over the last week. While the recent price pump has taken the price of NUGX as high as $0.0383, analysts expect the altcoin to peak between $1.00 and $2.00 in 2024, making NuggetRush one of the best cryptos to buy now.
Sui (SUI) TVL Recovers, But Price Continues To Struggle
In 2023, Sui (SUI) was one of the top DeFi projects because its blockchain handled transactions differently. This unique infrastructure made Sui more efficient and caused developers to build on the network. The TVL of Sui peaked as high as $745 million as developers swarmed to build on the network.
However, the TVL of the network plunged below $550 as it suffered a market crash. Sui is currently enjoying a recovery, crossing $600 once again. Unfortunately, the Sui DeFi coin price has remained bearish, losing 40% of its value over the last 30 days, and now trades in the $1.10 range.
In Summary
The launch of spot ETF products for Bitcoin and Ethereum implies the comeback of crypto in Asia could happen soon, bringing about a positive trend for the whole industry. In the meantime, Sui is battling a bearish trend, but eyes have shifted to NuggetRush, one of the DeFi projects that is taking blockchain gaming to the next level in a very innovative way.
Meta Title: Ethereum and Bitcoin ETFs Launch in Hong Kong; NuggetRush Outperforms Sui Despite Surge in Activity
Meta Description: Spot ETFs for Ethereum and Bitcoin ETFs have gone live in Hong Kong, while NuggetRush emerges as the top-performing altcoin despite a surge in activity on the Sui network.
Keywords: DeFi projects, top DeFi projects, DeFi coin price, new DeFi project, best cryptos to buy, best alt tokens to buy, popular NFTs, trending NFTs, ERC20 tokens, top altcoins, cryptocurrency ICO, top crypto coins
