Market Turbulence? NuggetRush Stands Strong Against the Tide, Offering Hope to Shiba Inu and PEPE

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TLDR

  • Shiba Inu’s (SHIB) March drop continues.
  • PEPE has fallen amid competition from other meme coins.
  • NuggetRush (NUGX) has underscored its blue-chip potential after selling over 241 million tokens.

Shiba Inu has fallen alongside top altcoins as Bitcoin’s drop worsens. Pepe has also lost bullish momentum despite being the third-largest meme coin by market capitalization.

NuggetRush (NUGX) is a pioneer mining game that offers NFT staking and gold rewards to players. Investors have purchased 241 million NUGX tokens. Yet, can NUGX become one of the top DeFi projects? Let’s discuss.

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NuggetRush Causes Investor Influx to the Gaming Industry as its Gold Rewards Attracts Widespread Attention

NuggetRush (NUGX) is a blockchain ecosystem where players experience adventurous challenges with opportunities for valuable rewards. Mining on NuggetRush contains a range of experiences, including searching for mineral-rich deposits, employing workers, and trading assets on the game’s marketplace.

Gaming on NuggetRush (NUGX) becomes easier thanks to NFT characters with years of artisanal mining and business management experience. These NFT characters are also tradeable, with many possessing high market value thanks to their rarity and in-game value. The quality of your mining workforce plays a huge role in the overall financial viability of your mining operations.

Thankfully, the game offers multiple options when it comes to workers and machinery, allowing players some deal of flexibility. The game also allows players to customize and upgrade their NFT characters

Upgraded collectibles have higher market value. Likewise, NFT characters get higher efficiency after completing upgrades. NFT staking is another value-earning opportunity for players on NuggetRush (NUGX). It involves locking up NFT assets for a fixed period in return for high APY rewards.

NuggetRush (NUGX) is in the launch pad round of its presale, a round away from its official launch. It has sold over 241 million NUGX tokens. Furthermore, it has also risen by 90% in its presale. NUGX’s 5.2% jump to $0.020 will complete its 100% presale value growth. Analysts say this will make NUGX one of the best presale tokens.

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Shiba Inu Records Declining Whale Activity

Shiba Inu (SHIB) has dropped considerably in the past week as several cryptocurrencies experienced sharp declines. Bitcoin had led a bear rally after dropping below the $70,000 region. Some top meme coins remained bullish. However, Shiba Inu (SHIB) declined considerably. 

On-chain reports also show that Shiba Inu’s (SHIB) market capitalization has dropped by over $6 billion since early March. SHIB traded at $0.000009763 on February 20. It rose by 72.7% to $0.00001687 on March 1. SHIB jumped by 109.3% to $0.00003532 on March 8. However, it lost bullish momentum, dropping by 25.1% to $0.00002642 on March 18.

Shiba Inu’s (SHIB) whale activity has also declined sharply since March 5. Some analysts have pinned Shiba Inu’s (SHIB) whale activity decline on the growing interest in Solana meme coins like Dogwifhat. Still, analysts say Shiba Inu (SHIB) could recover due to increased token burns in 2024. This could push SHIB’s value up by 39.2% to $0.00003678.

PEPE Drops in Mid-March

Pepe continues to surprise investors with its recent price dip. After a bullish performance at the start of the year, Pepe has fallen considerably in March. Data from CoinMarketCap shows that PEPE lost $1 billion in market cap value in March.

As of February 20, PEPE traded at $0.000001194. It jumped by 235.9% to $0.000004 on March 4. PEPE grew by 149.3 to $0.000009975 on March 14 before a 31.7% decline to $0.00000681 on March 18.

Despite its recent price fall, PEPE is rated the third-largest meme coin by market capitalization, surpassing Dogwifhat and Floki. Analysts say Pepe could recover sharply due to the recent meme coin boom. This could push PEPE’s value up by 7.9% to $0.00000735, making it one of the top crypto coins.

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