With its deflationary model and dual utility, NUGX offers more appeal to the memecoin community.
- NuggetRush (NUGX) is a leading memecoin that is quickly gaining recognition across the board.
- The lack of utility in most popular memecoin projects is a huge concern, so NuggetRush is launching a play-to-earn (P2E) game integrating crypto through its ERC-20 coin, NUGX.
- The renewed interest in NUGX coincides with tapering demand for competing memecoins, especially SHIB, and investors exploring alternatives besides BNB and MATIC.
In crypto, especially the fast-moving memecoin scene, it can be challenging to pin down the next top gainer. However, this shouldn’t be the reason for disenfranchisement. If anything, the industry is full of opportunities, as shown by the sharp gains of Bitcoin and Ethereum over the years.
Presently, NuggetRush (NUGX) is one of the leading memecoins, even billed as a top altcoin worth considering, that is quickly gaining recognition across the board, outperforming other best altcoins like Polygon (MATIC), Shiba Inu (SHIB), and BNB.
Multiple factors could be driving the impressive performance of NuggetRush, but mainly because the project aims to improve and add value to the memecoin industry that’s currently worth billions of dollars, led by Dogecoin (DOGE), the first true meme-inspired altcoin.
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Why is NuggetRush Rallying?
NuggetRush (NUGX) creators saw a major problem with memecoins. Though the industry is worth billions, with the potential for even more growth as the sphere evolves and adjusts to emerging, secondary factors, the lack of utility in most popular memecoin projects is a huge concern.
Subsequently, the project is taking a new approach and is launching a play-to-earn (P2E) game integrating crypto through its ERC-20 coin, NUGX.
The token plays a duo-role in that it will be used as a utility, impacting things like in-platform payments and more. At the same time, token holders will vote on proposals floated by members to progressively improve the project over time.
NUGX is also deflationary. This model is deliberate; like Ethereum’s approach, following the activation of EIP-1559, more NUGX will be burnt, effectively moved out of circulation.
Analysts say this will positively support prices in the long haul, benefitting early adopters in the ongoing presale, while also making it the best crypto to buy in 2023. In Round 2, NUGX is up 20%, each trading at 0.012 USDT.
Beyond tokenomics, the incorporation of charity and the maintenance of community focus are other drivers making NuggetRush one of the top crypto projects to invest in Q4 2023.
Of note, NuggetRush creators have revealed that the platform’s smart contracts have been audited and proven to be secure.
That means users who rely on the platform, playing games and receiving in-game assets availed as non-fungible tokens (NFTs), are confident that the team won’t rug-pull them as the protocol gains traction, drawing millions, if not billions, in total value locked (TVL).
Over the coming months, the team will renounce NuggetRush’s smart contracts, allowing the team to take charge of spearheading development.
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NUGX Leading The Altcoin Charge, What’s Going On?
The renewed interest in NUGX, especially in the ongoing presale, coincides with tapering demand for competing memecoins, especially SHIB, and investors exploring alternatives besides BNB and MATIC. Even with Shibarium, SHIB is struggling to replicate the momentum of the last bull run.
Regulatory pressures on Binance have impacted BNB, forcing the coin lower and capping upsides. Accordingly, holders are actively seeking high-growth, low-market-cap options to diversify and cushion themselves from stunted growth.
Meanwhile, despite the success of zkEVM and a growing number of projects using Polygon’s layer-2 infrastructure, the United States Securities and Exchange Commission (SEC) alleges that MATIC is an unregistered security.
NUGX’s growth potential shows in the current NuggetRush (NUGX) presale, making it the best crypto for beginners. Presently, millions of tokens have been sold, helping the project raise over $300,000.
If this momentum is sustained, this memecoin project shows that it can rally faster than competitors, including SHIB, and even outperform established altcoins like BNB and MATIC. Subsequently, more investors are closely monitoring the memecoin, with some accumulating the token at spot rates.
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