HomeNewsOptimism Allocates $3.3B for Community Grants, Terra Launches Chain Upgrade, Investors Move...

Optimism Allocates $3.3B for Community Grants, Terra Launches Chain Upgrade, Investors Move To This Altcoin for Long-Term Gains

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  • $3.3 billion worth of OP tokens have been set aside by Optimism for community grants.
  • Terra has released version 2.4.2, a significant chain improvement.
  • NuggetRush has emerged as a top crypto to buy for long-term growth. 

In light of recent events in the crypto space, Optimism has made a move to compensate platform developers and builders. OP tokens worth $3.3 billion have been made available for community awards for developers. 

Meanwhile, Terra has launched version 2.4.2 of its chain upgrade, which is expected to draw further developers to its network. In other news, investors seeking long-term growth benefits are increasingly looking to NuggetRush, the top ICO of 2024.

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NuggetRush (NUGX) Emerges As the Best Cryptocurrency for Long-term Gains 

NuggetRush (NUGX) has become a top choice among investors looking for bullish altcoins. The NuggetRush platform offers users a unique blend of the benefits in the play-to-earn (P2E) space and much more. It also introduces metaverse features by giving investors to virtual mining games. 

This mining game is built on the Ethereum blockchain and gives users a secure platform to enjoy mining competitions and quests. The immersive gameplay and secure ecosystem make NuggetRush the best DeFi project in the market. 

It is designed for long-term growth and has several utilities. It can be used to purchase gaming assets, machinery for mining, and trending NFTs. Analysts have predicted that the token would give investors 50x gains after its launch. This is why investors have moved to amass millions of it before the presale ends.

NuggetRush has an NFT marketplace where players can trade or sell character NFTs, minerals, and RUSHGEM NFTs. Additionally, players can stake their coolest NFTs to earn passive income. Currently in its last round at $0.019, the NUGX token has surged 90% since the start of its ICO. 

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Optimism (OP) Launches Community Grants 

Optimism (OP) has set aside 850 million OP tokens (approximately $3.3 billion) for its community grants program. The initiative aims to support projects and individuals who are key contributors to the ecosystem. 

The platform’s governance body, Optimism Collective said the allocation of these tokens will occur in four rounds. The first round will start in May and continue throughout 2024. The latest news shows Optimism’s plans to reward those who actively contribute to the success of the network. 

Amid the latest news, the Optimism coin is exchanging hands at the $3.27 – $4.00 price range on the weekly chart. This comes after the coin dropped from its all-time time of $4.84 reached on March 6th.

Terra (LUNC) Launches New Upgrade 

Terra Luna (LUNA) has successfully completed its major chain upgrade to v2.4.2, transitioning to new binaries and components. The upgrade introduces IBC-Hooks, which will help integrate dApps into the Terra Luna network. 

Additionally, the Terra developer group reported positive progress on the Terra Classic Security Package upgrade. This upgrade is aimed at enhancing interoperability, security, and functionality. The development team plans to finish all upgrades within an eight-week timeframe. 

The surge in development activity within the Terra Luna Classic ecosystem has contributed significantly to the notable increase in LUNC price. Data from CoinMarketCap shows that LUNC is traded at the $0.0001284 – $0.0001709 price range. This value could increase in the coming months as developmental activity on the network increases.

Final Words

Developmental activities on Optimism and Terra show both projects could see more growth in the future. However, analysts have advised investors looking for which crypto to buy today for long-term investments should consider NuggetRush. According to analysts, NuggetRush’s link to the blockchain gaming sector is a major catalyst for bullish growth. 

Visit the NuggetRush Presale Website

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John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@ethnews.com Phone: +49 160 92211628