Round one of the NuggetRush (NUGX) presale is over. At the start of the second stage, prices are up 20%, as the NUGX ERC-20 coin is now available for 0.012 USDT, increasing from 0.010 USDT.

Meanwhile, despite the hype around Dogecoin (DOGE), the first meme coin has been underperforming, struggling to replicate gains posted in 2021 when it soared to as high as $0.78 at peaks.

Presently, DOGE remains shaky in the top 10 coins by market cap, trailing other altcoins, including Solana (SOL) and NUGX. Over the last month, NUGX and SOL are, if trends guide, have been growing their dominance in social media. The spike in NUGX’s social media activity could be partly because of the ongoing presale.

NuggetRush Presale

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

NuggetRush, like other altcoins, including Ethereum and Solana, is firm. Investors are exploring the project mainly because of its approach to meme coins and the timely launch of the presale.

The platform plans to launch a play-to-earn (P2E) game where NUGX, the ERC-20 token on Ethereum, will be central to all activities. NUGX will be used to reward players, and those who wish to transact within the broader NuggetRush must be token holders.

Integrating a P2E game also extends the utility of NUGX. Additionally, NuggetRush has designed NUGX to be deflationary.

Exploring Dogecoin

In the ongoing presale, investors are examining NuggetRush, with some adding NUGX to their portfolios. This is amid DOGE’s relatively drab performance in recent weeks.

DOGE’s deep liquidity as the most valued meme coin with over $10.7 billion in market cap could be limiting its upside. NUGX, on the other hand, has a lower market cap, meaning it is generally more volatile.

With the United States Securities and Exchange Commission (SEC) likely to approve the first Bitcoin exchange-traded fund (ETF) either in Q4 2023 or early 2024, lower market cap altcoins may outperform DOGE and other top 20 coins going forward.

Investors are also looking at NuggetRush and its goal of creating what the team describes as an “ecosystem of rewards,” fusing in non-fungible tokens (NFTs). Some of its NFTs can also be swapped for physical gold and delivered physically.

Conclusion

The NuggetRush presale is ongoing and some investors remain bullish on NUGX’s potential going forward. Even so, whether it rises as PEPE did in the past remains to be seen.

Visit NuggetRush Presale Website

The post Dogecoin Rival NuggetRush Price up 20% as Presale Round 1 Sells Out appeared first on Crypto News Australia.

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Filed under: Bitcoin - @ November 10, 2023 1:22 pm