As far as meme coins go, Pepe and Shiba Inu are some of the ones ruling the market.
Considering these tokens are far in their game, investors who are interested in meme coins are focusing on the new meme coin project, NuggetRush (NUGX).
Shiba Inu and the Broken Barrier
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On November 9, 2023, cryptocurrency observers saw the Ethereum version of Dogecoin (DOGE), Shiba Inu (SHIB), go past the $0.000008 barrier to as high as $0.0000087. Despite going as low as -21.8% on the 1-year chart, this price action was considered a good sign.
Questions as to whether the token can fetch investors some gains again abound. Following the news of the launch of Shibarium, expectations of a price surge arose, as it was supposed to bring new users and investors to the SHIB ecosystem.
With Shibarium, the cost of transactions on the network should be reduced, and developers should find it easier to build decentralized applications (dApps) there. These changes were expected to pump up the price of SHIB. This expectation is, however, proving hard to happen, and as of the time of this writing, SHIB was far from its all-time high of $0.000081616, which it hit over two years ago.
Currently selling at $0.00000819, as of the time of this writing, many analysts consider SHIB a coin that has run its course for crypto investors.
PEPE and the Awaited Leap
After skipping the traditional ICO route and going straight to the exchanges on April 17, 2023, Pepe (PEPE) hit an all-time low of $0.000000055142 the next day. However, it soon had a price rush that took it to an all-time high (ATH) of $0.00000431 on May 5, 2023, less than a month after its launch.
While this early price surge boosted the portfolio of early investors, the present price of PEPE might be discouraging potential investors, as the meme coin is over 70% down from its ATH.
This meme cryptocurrency has a PEPE the frog theme, but a green and sustainable price leap has yet to appear on the price chart. As of the time of this writing, PEPE was selling for $0.00000128 and was down 9.0% in the last 24 hours.
NUGX and its Coin Offering
The play-to-earn (P2E) blockchain game NuggetRush (NUGX) is built on the Ethereum blockchain and presents a world of impact gaming and GameFi. Thanks to this hosting blockchain, it provides security and transparency for players worldwide.
As a community-owned game, it restores decision-making and data control to the users but supports deserving and qualifying causes. The NuggetRush project has gained credibility thanks to the SolidProof Smart Contract Audit.
Currently, at its presale stage scheduled for five rounds, NUGX is in the second round, with 1 NUGX selling for $0.012, and over 51% of the allocated tokens have been sold.
This innovative P2E game is an integration of gold mining, cryptocurrency, and real-world artisanal mining. It not only presents an immersive experience that rewards players with in-game assets while contributing to improving the lives of artisanal miners in underdeveloped countries, but the characters also double as collectible NFTs that can be customized and traded.
As icing on the cake, the project offers a player-driven peer-to-peer NFT marketplace, and the lack of a buy-or-sell tax gives investors more reasons to invest in it.
As meme coins maintain their space in the cryptocurrency ecosystem, investors will always deliberate on the best options. With records of DOGE, SHIB, and PEPE’s old rewards to their early investors, newer meme coins are focused on, and NUGX seems to be gathering a good percentage of the attention.
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