As interest in Shiba Inu and Dogecoin is waning, Nug Rush’s pre-sale has sparked investor frenzy.
High Shiba Inu (SHIB) addresses have accumulated more coins in the last two months, holdings have increased from 493.42 trillion to 497.11 on February 7, 2024. Dogecoin (DOGE) has experienced incredible adoption with the creation of over 890,000 new wallets. First week of February 2024. NuggetRush (NUGX) is an NFT gaming platform on the Ethereum blockchain, combining gold mining, crypto and craft mining experiences for players around the world.
The cryptocurrency market is booming, and three prominent players have recently attracted the attention of investors and enthusiasts. Shiba Inu (SHIB), Dogecoin (DOGE), and NuggetRush (NUGX) each bring unique narratives and developments that shed light on the diverse and dynamic nature of the crypto space.
This is the reason why Nightrush is causing a stir in the market at a time when interest in Dogecoin and Shiba Inu is waning.
SHIB whale strategic stocking and shibarium network developments
In the year On February 7, 2024, reports surfaced that major volatile Shiba Inu (SHIB) addresses had collected a lot of coins over the past two months. Sentiment's on-chain data and crypto news highlighted that the supply of Shiba Inu (SHIB) held by these addresses as of December 14, 2023 is 493.42 trillion.
On February 7th, analysis of the scale shows that it has grown to 497.11 trillion Shiba Inu (SHIB) tokens. The increased catch indicates that these high Shiba Inu whales are not concerned about SHIB's near-term volatility. Instead, the whales seem focused on the long-term tokenomics of the meme coin.
Interestingly, the Shiba Inu (SHIB) volume on the exchange has declined, which means less selling pressure at the current bullish pace. The regulators are not selling their tokens.
Elsewhere, the Shiba Inu (SHIB) Group has made significant progress in its Shibarium network in partnership with K9 Finance. The partnership aims to launch Liquid Staking Derivatives (LSD) to increase flexibility and liquidity for token users.
On February 8, Shiba Inu (SHIB) was trading at $0.000009099, up 2.54% over the past week. Experts say Shiba Inu (SHIB) will rise to $0.000009185 at the end of February, powered by developments on the network.
Dogecoin (DOGE) registers 890,000 new wallets
The Dogecoin (DOGE) adoption trend has taken the crypto space by surprise after an explosion in the number of new wallets created on the platform. In the first week of February 2024, new Dogecoin wallet creations added more than 890,000 new DOGE wallets. At this time, it seems that a new Dogecoin (DOGE) scale is taking center stage.
In a recent report, Santiment reported rapid growth per Dogecoin metric, with the number of new non-zero DOGE addresses increasing rapidly. Ironically, Dogecoin's rapid rise in adoption has occurred as the price of DOGE has struggled to hold onto the market.
The increase in Dogecoin adoption did not automatically have a positive effect on the price of DOGE. This means that there is no interest among the investors. The new DOGE wallets were created by existing users who want to benefit from the new DRC-20 token standard on the network.
On February 8, Dogecoin (DOGE) was at $0.07998, an increase of 1.29% in the last week. Experts predict that Dogecoin (DOGE) will rise to $0.08255 by the end of the month, supported by an increased adoption rate.
NuggetRush (NUGX) is revolutionizing the game with NFTs.
NuggetRush (NUGX) is a well-designed NFT gaming platform with gold mining, crypto and artisanal mining experiences to create an exciting adventure. The project works on the Ethereum blockchain, which makes it safe, transparent and accessible to players around the world.
NUG Rush (NUGX) is a great option for players looking for investment opportunities to acquire valuable in-game assets and support artisans in underdeveloped countries. Interestingly, Nugetrush has cool NFT characters to collect, which help add value and depth to the gameplay.
In particular, NuggetRush (NUGX) is designed with a supply of 500 million tokens, which is very low for a meme coin. Experts say the value of the MemTokenomics concept will increase once it is listed on major exchanges.
NUGX is the governance token of the NUG Rush ecosystem, which allows investors to influence the development of the project and foster decentralized community ownership initiatives.
So Nugg Rush (NUGX) is a crypto project that strives to restructure how community engagement and gaming interact.
NuggetRush (NUGX) is currently in Presale Round 5, priced at $0.018 per token. Amazingly, Nugg Rush had a great presale experience, selling over 173 million NUGX tokens and raising over $2.1 million.
NUGX is scheduled to be listed on major exchanges at the end of Presale Round 5, at a price of $0.020. Its growth potential since its launch has sparked investor frenzy, making it the best crypto investment of 2024.
For more information about NuggetRush, visit the NuggetRush Presale website.
