TLDR:
- Terra Classic (LUNC) has emerged as an exciting success story in crypto after decoupling from Terra and UST.
- LUNC has seen significant gains since Q4 2023.
- NuggetRush (NUGX) is a new meme coin project in presale, with supporters confident it will follow LUNC’s success.
- NUGX aims to disrupt the meme coin industry by adding utility through a play-to-earn game and an internal NFT marketplace.
- NUGX is already raising funds in presale, with early investors expecting a 100% gain at the end.
After decoupling from Terra and the defunct algorithmic stablecoin, UST, Terra Classic (LUNC), the project, once left for dead, is emerging as an intriguing but exciting rare phoenix story in crypto.
LUNC is one of the top performers in 2023, extending gains, especially from Q4 2023, at the back of supportive fundamentals. To illustrate, Coinlore market cap data on December 17 shows that LUNC is up 109% in the last month and green over the previous year.
Now, NuggetRush (NUGX) supporters are confident that, like LUNC, it is poised to rally and surprise the crypto and meme coin scene in the next few trading months. The top altcoin, whose presale is in progress, aims to change the meme coin industry, adding much-needed utility and inevitably adding value. As the platform disrupts meme coins, NUGX holders stand to reap benefits.
Why is LUNC Rallying?
LUNC is swinging higher because of several supportive fundamentals.
The Terra community, despite the catastrophic failure of Terra and the subsequent arrest of Do Kwon in 2023, has been resilient and determined to revive the blockchain. Various changes were proposed by the community to improve the blockchain, explicitly addressing the dire shortcomings of the previous system.
With the team of developers working tirelessly towards this objective, sentiment has improved, fostering optimism.
A big change made by the team is their decision to continuously burn LUNC, reducing supply. In turn, this has supported prices and improved LUNC’s appeal. As mentioned above, LUNC prices have increased by over 100% in the last months alone. As more LUNC are burnt, the coin will likely rise.
Besides the above, LUNC has benefited from the revival across the crypto ecosystem. Expectations from the Bitcoin (BTC) community for the strict Securities and Exchange Commission (SEC) to authorize the first ETF have refreshingly lifted crypto. In 2024, LUNC and other best altcoins will likely continue rallying on rising institutional interest.
Like LUNC, NUGX is rising; will it maintain the uptrend?
NuggetRush: On Terra Classic’s Path?
In the meme coin scene, more investors are turning to NuggetRush, an upcoming meme coin, confident that the project is poised to follow Terra Classic’s steps, even becoming a crypto for beginners.
So far, in round 3 of the presale, NUGX is available for 0.013 USDT. NuggetRush has raised over $950,000 from the 87.17 million NUGX sold in what is arguably the best ICO in 2023. Eventually, the token will list at 0.02 USDT at the end of the presale, a 100% increase for early adopters.
This optimism stems from numerous factors, mostly what the NuggetRush team aspires to become.
Central to NuggetRush is their plan to tap into the capabilities of blockchain and smart contracts. Herein, they plan to release an engaging play-to-earn (P2E) game, which is community-facing, designed explicitly to benefit holders while positively impacting society through charity.
Everything around NuggetRush is centered on NUGX, the platform’s utility and governance token. Launching on Ethereum as an ERC-20 coin, it powers the meme coin broad ecosystem, acting as a medium of exchange in NuggetRush’s internal NFT marketplace. In-game assets won by players can be sold for NUGX or other NFTs.
Players are also free to stake NFTs, earning up to 30% APY, payable in NUGX.
For decentralization, the team is publicly known. At the same time, smart contracts are safe and audited by SolidProof. Later, the team assured the community that it would renounce its smart contracts, allowing NUGX holders to determine the project’s direction via a DAO.
Conclusion
Terra Classic has been firm, rising by over 100% in the last month alone. Meme coin enthusiasts have been training their eyes on NUGX and NuggetRush. In the presale in progress, over $950,000 has been raised with early round 1 investors, expecting a 100% gain at the end of the presale. For what NuggetRush presents, some analysts expect NUGX to rally, following the steps of LUNC, effectively becoming the best crypto to invest in today.