TLDR:
– Thousands of new crypto protocols launch daily, competing with established projects like Shiba Inu and Dogecoin.
– NuggetRush (NUGX) is a low market cap meme coin aiming to change the narrative by building a play-to-earn (P2E) game where its native NUGX ERC-20 coin will serve a critical role, adding utility.
– The token will be deflationary and without buy or sell tax, leading to a notable spike in interest, with over $500,000 raised in the ongoing presale.
Crypto is fast moving, and new projects continue to deploy every day. So far, tens of thousands of protocols are launched daily, each promising a unique solution to resolve a given pressing need.
Since the competition is cut-throat, only a few can compete with established projects like Shiba Inu (SHIB), Dogecoin (DOGE), and other top crypto coins, especially if they are meme coins.
It only takes ambitious and well-thought-out projects aiming to present new use cases to stand out from the competition for a chance to take on crypto leaders already commanding billions in market cap.
Looking at how NuggetRush (NUGX) has been evolving recently and the over $500,000 raised in the ongoing presale, it appears the platform’s prospects are bullish. The crowdfund in progress can even be one of the top ICOs in 2023.
Considering the rising demand in the ongoing presale coupled with the broader crypto revival, things are beginning to look up for the meme coin protocol.
The question is: will NUGX compete with SHIB and other meme coins, spearheading the crypto revolution?
Exploring NuggetRush: Changing The Meme Coin Narrative
Meme coins are widely considered a “joke,” but numbers tell a different story; the industry commands over $17 billion in market cap. Some of the top liquid meme coin projects include Dogecoin and Shiba Inu.
Others include PEPE, which are mid-cap meme coin projects with millions in market cap. While popular, they offer nothing in return other than the hopium that prices will post meteoritic gains in the future. Unfortunately, most of the time, this doesn’t happen.
NuggetRush aims to change the narrative by building a play-to-earn (P2E) game where its native NUGX ERC-20 coin will serve a critical role, adding utility.
The token will be crucial for not only allowing investors to gain exposure in the early days, perhaps providing an opportunity for more capital gains as the project rolls out new features laid out in their roadmap but also allowing holders to vote on proposals submitted by community members.
This allowance enables NUGX holders to determine how fast the project can grow, all while ensuring the project remains anchored on blockchain ideals of decentralization and security. Eventually, NuggetRush developers will renounce the platform’s smart contracts, allowing NUGX token holders to take charge.
Ahead of this, NuggetRush smart contracts have already been confirmed to be secure after being audited by SolidProof. Some traits might be further triggering demand for NUGX in the ongoing presale.
For example, the token is designed to be deflationary and without buy or sell tax.
By taking a bit of NUGX out of circulation, prices might be supported, especially as more tokens are burned when holders use the token to buy some of the platform’s top NFTs via the peer-to-peer (P2P) marketplace.
At the same time, NUGX is compatible with the popular ERC-20 token standard, meaning it can be stored conveniently in popular wallets like MetaMask and others.
Over $500,000 Raised In The NUGX Presale
Considering what NuggetRush promises and their goal of changing the meme coin narrative, adding utility through NUGX, there has been a notable spike in interest.
According to records, over $500,000 has been raised in the ongoing presale, where over 42.23 million NUGX have been acquired by early project supporters.
In round 2, NUGX is available for 0.012 USDT, up from 0.010 USDT in round 1. By the end of the presale, the token will be trading at 0.020 USDT, up 100% from round 1.
Conclusion
Crypto can offer opportunities for discerning investors willing to do the groundwork and identify trends. While Shiba Inu is an established project, NuggetRush is a low market cap project whose native token, NUGX, has been outperforming top meme coins, including DOGE and SHIB. Whether this trend will continue remains to be seen and highly depends on if the project developers build out per their roadmap.
Visit NuggetRush Presale Website
