Ethereum Staking Reaches New All-Time High: Binance Coin and NuggetRush Clear Path for Massive Rallies
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TLDR:
Due to its ability to generate passive revenue for token holders, staking has steadily grown to be one of the most popular trends in the cryptocurrency market. As a result, on-chain data has shown that the number of tokens staked on Ethereum (ETH) has increased to a new all-time high.
In other noteworthy cryptocurrency news, Binance Coin (BNB) has surpassed a significant resistance level, potentially signaling further increases.
Also, with more than 184 million tokens sold during the presale, NuggetRush (NUGX) has been growing at a remarkable pace. Continue reading to learn more.
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As of February 14, 30,659,864 million ETH tokens have been locked by Ethereum (ETH) validators on the Beacon Chain, according to data from the on-chain analytics platform Nansen. This represents more than 25% of all ETH tokens and a new ATH in the number of staked ETH tokens.
Etherscan shows an even bigger staking record, at 39,140,039 ETH being locked on the Beacon Chain staking contract.
This increased liquidity into staking coincides with the Ethereum price recovering above $2,800 for the first time since May 2022. This means that an astounding $111 million has been locked on the Ethereum network by validators. With the value continually increasing, there are signs that the top altcoin’s price could increase alongside it in the coming days.
Over the past few weeks, there has been an incredible surge of interest in NuggetRush (NUGX), one of the new DeFi projects looking to transform the GameFi space. Unlike other gaming projects, NuggetRush does not run a closed in-game economy, expanding its utility into the real
