If price increases over the last several trading days are any indication, meme currencies are on the rise.
In particular, there are indications that the bear market may be coming to a close when examining popular projects like Dogecoin (DOGE) and Shiba Inu (SHIB), making them some cryptocurrency investments to consider.
The “OG” of meme currencies, DOGE, has increased 11% in the last trading week as an example. Conversely, SHIB has had a 4% increase, setting it apart from other meme currencies due to its high liquidity levels, which have been bolstered by the recent launch of the Shibarium layer-2 platform.
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While Dogecoin and Shiba Inu have been receiving a lot of media attention, NuggetRush (NUGX) and Shiba Memu (SHMU), two new forthcoming meme coins, are exhibiting enormous promise in their separate presales. Since the start of NUGX’s presale a few weeks ago, investors have been keeping a careful eye on the cryptocurrency, thinking it is a worthwhile investment.
Examining NuggetRush’s Growth Prospects
Smart cryptocurrency investors are selective and frequently go towards initiatives with development potential and value rather than blindly investing millions of dollars out of a fear of losing out (FOMO).
According to their in-depth analyses, NuggetRush is remarkable, and if the present Bull Run continues, NUGX may easily rise higher and surpass top meme currencies in the upcoming months.
The goal of the project NuggetRush is to give meme coins more use. Meme coins have a long history of support from their fervent community. People in the community frequently want to “ape in,” speculating on the most well-liked meme coin in an attempt to profit.
They are aware that the token is worthless while they are doing this. Any time the token may crash to zero, there are lessons to be learned. One such example is the ascent and swift demise of BALD, the first meme coin on Ethereum’s Base Layer-2 platform.
In order to increase usefulness, NuggetRush is centralising its native token, NUGX, an ERC-20 deflationary coin, through a play-to-earn (P2E) game. Simultaneously, the platform will provide in-game assets to gamers in the form of non-fungible token (NFT) objects.
But what sets apart NuggetRush’s greatest NFTs is that some really rare things may be exchanged for real gold and sent right to their doorsteps.
Players may also design unique NFTs and stake them in order to earn up to 15% in APY that is payable in NUGX. Essentially, the team’s goal with this configuration is to combine NFTs and decentralised finance (DeFi) with meme coin culture.
Over 14.3 million NUGX have been sold to cryptocurrency holders, including enthusiasts of meme coins, during the ongoing NuggetRush presale.
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