Ethereum

Cryptocurrency

Million

ERC20

<p>The post <a href="https://coinpedia.org/press-release/ethereum-struggles-whales-turn-to-xrp-and-nugx/" rel="noopener noreferrer nofollow">Ethereum Struggles As Crypto Market Outflows Mounts: Whales Turn To XRP and NUGX</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>TLDR:</p>
<ul>
 <li>A total of $13.6 million exited ETH&nbsp;investment in only one week, marking the largest outflow from Ethereum in months.</li>
 <li>On the other hand, over the same time frame, Ripple (XRP) reported inflows exceeding $500,000.</li>
 <li>NuggetRush (NUGX), which has sold over 162 million tokens, has also drawn a lot of interest from investors.</li>
</ul>
<p>Cryptocurrency products have ended a week with outflows for the first time in weeks. Ethereum (ETH), one of the top crypto coins, saw more than $13.6 million in net outflows as the crypto market corrected.</p>
<p>Despite the net outflow, some top altcoins like Ripple (XRP) and <a href="https://nuggetrush.io?utm_source=PR&amp;utm_medium=website&amp;utm_campaign=cpd&amp;utm_content=87" target="_blank" rel="noopener noreferrer nofollow">NuggetRush (NUGX)</a> recorded significant inflows. Let’s find out why these altcoins have managed to attract investors amidst a waning sentiment across the global crypto market.</p>
<p><a href="https://nuggetrush.io?utm_source=PR&amp;utm_medium=website&amp;utm_campaign=cpd&amp;utm_content=87" target="_blank" rel="noopener noreferrer nofollow">&gt;&gt; Buy NuggetRush Now &lt;&lt;</a></p>
<h2 class="wp-block-heading" id="h-ethereum-eth-sees-13-5-million-outflows-as-price-plunges">Ethereum (ETH) Sees $13.5 Million Outflows As Price Plunges</h2>
<p>The drop in investor sentiment post BTC ETF approval has culminated in the first outflow from crypto products in months. <a href="https://blog.coinshares.com/volume-166-digital-asset-fund-flows-weekly-report-3c59276b9833" target="_blank" rel="noopener noreferrer nofollow">CoinShares reported</a> that over $20.8 million left crypto products in the third week of January.</p>
<p>According to the report, Ethereum suffered the second biggest outflows. The leading altcoin recorded outflows of $13.6 million, which were only surpassed by Bitcoin. The bearish sentiment has also been highlighted by the poor price performance of Ethereum in the market.&nbsp;</p>
<p>On the weekly chart, the price of ETH has declined by 12.5%. As a result, Ethereum’s price has tumbled to the $2,200 level for the first time since early January. This decline has also forced several investors to migrate to other altcoins performing better in the market.</p>
<h2 class="wp-block-heading" id="h-nuggetrush-nugx-sells-162-million-tokens-price-jumps-20">NuggetRush (NUGX) Sells 162 Million Tokens, Price Jumps 20%</h2>
<p>With a decline in ETH, the focus is now on NuggetRush (NUGX), a cryptocurrency ICO project which has already sold over 162 million tokens in a few weeks. NuggetRush features a unique merger of play-to-earn gaming, meme coins, and DeFi elements. With this, the P2E gaming platform aims to revolutionize the meme coin market.</p>
<p>NuggetRush will guide players through an immersive gaming atmosphere that aims to replicate the reality of the gold rush. The game is unique because it promotes partnerships and face-to-face sessions among members. Players are further incentivized to create teams of people as they scale their mining operations, searching for gold and other valuable minerals.</p>
<p>The rewards NuggetRush issues to players are not only virtual. The NuggetRush offers tokens that can be exchanged for real money and gold, making it one of the top DeFi projects. Being a community-based project, the team has in its plans to pass the ownership of smart contracts to the players once the game is launched.</p>
<p>With a scheduled launch this quarter, NuggetRush has been building a head of steam. From a starting price of $0.01, the ERC20 coins, NUGX, are now valued at $0.018. With a very unique project and massive community support, experts have forecasted that NUGX could see a 50x surge before its launch, making it one of the best meme coins to invest in.</p>
<h2 class="wp-block-heading" id="h-ripple-xrp-sees-net-inflow-shows-signs-of-market-recovery">Ripple (XRP) Sees Net Inflow, Shows Signs of Market Recovery</h2>
<p>Ripple (XRP) is another top altcoin that has managed to retain investor confidence amidst the decline across the market. The CoinShares report highlighted that XRP products recorded inflows of over $500,000, taking its year-to-date inflows to $4 million.</p>
<p>Unlike NugetRush, XRP hasn’t been able to evade the market-wide slump, though. The price of the Ripple coin has decreased by 11% on the weekly chart. Bulls in XRP have, however, held the $0.5000 support level, which is crucial for upcoming uptrends.&nbsp;</p>
<h3 class="wp-block-heading" id="h-final-thoughts">Final Thoughts</h3>
<p>The increasing demand for NuggetRush (NUGX) is partly due to the falling prices of Ripple (XRP) and Ethereum (ETH). With numerous use&nbsp;cases and an intriguing game, market&nbsp;analysts have&nbsp;predicted&nbsp;NUGX will rank among the top DeFi coins in 2024. Because of this, it’s a fantastic opportunity to join the project now before its Q1 launch.</p>
<p><a href="https://nuggetrush.io?utm_source=PR&amp;utm_medium=website&amp;utm_campaign=cpd&amp;utm_content=87" target="_blank" rel="noopener noreferrer nofollow">Visit NuggetRush Presale Website</a></p>

Ethereum Struggles As Crypto Market Outflows Mounts: Whales Turn To XRP and NUGX

Table of Contents

CoinPedia News

Other articles published on Jan 25, 2024

ETF Ethereum Spot: the US SEC reveals the date!

Ethereum Price Prediction For Jan 25: ETH Drop Below $2,100 Imminent Ahead of Major Rally?

IBM Watson Powers AI-Generated Content for 2024 Grammy Awards

Deltec, SBF-linked billionaire Joe Lewis set for guilty plea to insider trading

XRP Coin’s Struggle Amidst Market Uncertainty

helium price prediction: A Path to Multibagger Triumph

Join our free newsletter for daily crypto updates!