Why are seasoned investors turning to NuggetRush amid the meme coin craze?
Shiba Inu burned billions of tokens in January. BONK may fall further amid increasing competition from meme coin rivals. NuggetRush (NUGX) may be the most sought-after game-finding network after an 80% price increase.
In the year In January 2024, over 9 billion SHIB tokens were burned by Shiba Inu, but the value of SHIB is still struggling. On the other hand, competition from other mime coins could push BONK down the market.
Now, investors see NUG Rush (NUGX) as their last hope for stable returns and gold rewards. The project has sold around 169 million tokens. Yet, could NUGX be a better investment than top altcoins like SHIB and BONK? Let's hear from marketing experts.
NuggetRush: Match expectations with high value gold rewards
Speculation is rising in the NFT gaming industry that NuggetRush is set to launch the first ever blockchain mining game. While gamers are excited by the prospect of an immersive strategy-based game, investors and crypto enthusiasts are thrilled to find NFT rewards that can be traded for real gold.
Nug Rush players mainly aim to become the best miners of the game and sit on the leaderboard. In order to achieve this, the players progress their journey with only miners and tools.
With better NFT characters and machinery, the player's mining efficiency increases, increasing their chances of completing missions and earning cash rewards.
In terms of wealth building, NugTrush (NUGX) offers hedging and trading of NFT assets. Rare in-game rewards called RUSHGEMS can be exchanged for real-world gold in the game's P2P marketplace. On the other hand, NuggetRush (NUGX) players can earn up to 20% APY rewards by incorporating their NFT assets.
NuggetRush is now in the final phase of its presale, and investors have taken over 168 million NUGX tokens. During that time, the price of NUGX increased by 80%, from $0.010 in round one to $0.018 in round five of the presale.
Investors are expecting another 11.1% rise to $0.020 as NUGX prepares for the listing. Additionally, it is showing strong signs of becoming one of the top DeFi projects.
Shiba Inu burned 9 billion tokens
Shiba Inu has kept its promise to increase the SHIB burn in 2024. According to reports from Shiba Scan, Shiba Inu burned more than 9 billion tokens in January 2024.
Shiba Inu (SHIB) also succumbed to bearish pressure. As of January 1st, SHIB traded at $0.00001069. It decreased by 10.9% to $0.000009516 on January 17. SHIB fell 6.8% to $0.000008861 on January 25, before recovering by 3.8% to $0.0000092 on January 30.
Shiba Inu (SHIB) has announced its increased token burning policy following the launch of Shibarium in late 2023.
Since the end of 2023, the activity of the Shibarium network has increased, increasing the demand for Shiba Innu services. This could push the Shiba Inu SHIB token by 52.3% to $0.00001402. Analysts say that Shiba Inu (SHIB)'s increased token burn rate could make it one of the top crypto coins.
BONK faces competition from meme coin rivals.
BONK has experienced impressive growth over the past few months. Yet, the network is bracing itself for a possible fallout from the competition for community-driven mammoth coins. At the end of January 2024, meme coin investor sentiment arose for networks like dogwhiphat.
Despite the price drop in the market, BONK remains very popular among many crypto users. It traded at $0.00001494 on January 1st. BONK rose 19.5% to $0.00001202 on January 30 before falling 6.3% to $0.00001126 on January 18.
If the meme coin sector reaches its 2023 peak, BONK could go higher. The network has improved its mobile wallet features to allow for smooth and seamless trading of tokens. This could further boost BONK's trading activity, pushing the price to $0.00001509.
For more information about the NuggetRush presale, visit the NuggetRush Presale website.
