As Dogecoin and Shiba Inu Traction Slows, Nuggetrush Defies Odds With 20% Price Boost

In the world of meme coins, there is a struggle for recognition as the chief meme coin. Over time, Shiba Inu (SHIB) and Dogecoin (DOGE) have dominated the space in terms of mentions and investors.

However, recent happenings have had analysts and experts speculating on the sustainability of the meme coin space and tokens. Interestingly, newer meme coin projects are on the rise, leading to a more profound interest in meme coins. One of these new projects on the rise is NuggetRush (NUGX).

NuggetRush (NUGX) and Its Rush to the Top

The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice

Boasting to be the first P2E blockchain game by the community, NuggetRush offers a meaningful yet captivating gaming experience for users. It also leaves decision-making and data control to the users while supporting deserving causes.

On the side of utility for this meme coin, NuggetRush integrates into its innovative game gold mining, cryptocurrency, and real-world artisanal mining to provide an immersive experience and contribute to the betterment of artisanal miners in underdeveloped countries.

Still on its presale, NUGX is speedily enticing investors. This might be due to the difference this meme coin offers. 

With key features like ecosystem participation rewards, the GameFi experience where in-game assets can be exchanged for real-world assets like gold and cash and a collection of characters that serve as both gaming characters and NFT collections, NUGX has more utility than the average meme coin in the cryptocurrency ecosystem.

This list of characteristics of NuggetRush and its NUGX token might inform the quick completion of the first stage of the presale to the second, which took the price up 20% from $0.01 to $0.012. With about 40% of the allocated tokens for this stage sold, the project is speedily on its way to the end of the presale stage, after which the tokens will be listed at $0.020.

DOGE And SHIB Slowdown 

Since its creation as a “joke” by Billy Markus and Jackson Palmer, Dogecoin has had cryptocurrency experts speculate on its price. 

This is probably due to it being a crypto movement that caught the wave by accident. As an open-source, peer-to-peer cryptocurrency that utilizes blockchain technology, it is of interest to crypto investors. Elon Musk’s apparent interest in it has fueled this interest over time.

Probably due to its beginnings as a lighthearted project, despite the richest man’s interest in DOGE, the cryptocurrency has had a rough year. Presently, as of the time of this writing, going for $0.067457, DOGE gas has a 48.4% decline in its one-year price chart and a 4.2% and 4.5% decline in its 24-hour and 7-day charts, respectively.

Earlier in the year, the obtaining by Elon Musk’s X, of a license to enable cryptocurrency payments on the microblogging platform led to speculation that the DOGE price chart would go green. However, sustained improvement in the price is yet to be seen.

An Ethereum variant of Dogecoin, Shiba Inu, has the SHIB as the main token of its ecosystem. Having been a worldwide phenomenon, as a meme coin expected to race with DOGE, it is accepted as a form of payment by many.

The token comprises three tokens, SHIB, BONE, and LEASH, for users to use in different manners on the ShibaSwap decentralized exchange.

Usually, meme coins offer no utility or are clouded. However, the launch of Shibarium is considered a major milestone for the Shiba Inu world, as it is expected to reduce the cost of transactions on the Shiba network. This, in turn, would make it easier for developers to build decentralized applications (dApps) on the network and also pull new users and investors to the Shiba ecosystem.

Despite this news, the expected positive impact of Shibarium on the SHIB price has yet to arrive. As of the time of this writing, SHIB was selling for $0.00000776 and was down by 36.1% in the past year and by 2.8% in 24 hours.

The acceptance of NuggetRush (NUGX), the play-to-earn (P2E) meme blockchain game, has defied this apparent reluctance for investors to bank on meme coins over the past year.

Visit NuggetRush Presale Website