Shiba Inu’s market capitalization has fallen by nearly $3 billion since August, leading analysts to conclude that it might not recover its 2023 losses.
Some analysts are suggesting NuggetRush (NUGX) as a go-to destination for sure profits. The latter has already raised nearly $500,000 since its presale launch. Yet, can it become a top ICO project? Let us hear opinions from the market.
Shiba Inu’s (SHIB) Market Capitalization Remains on the Decline
Shiba Inu (SHIB), like many other meme coin projects, lost significant value in 2023. The market capitalization of Shiba Inu dropped significantly since August. Shiba Inu’s market capitalization stood at $6.32 billion on August 13.
By November 20, it had declined to $4.8 billion. Despite recent token burns expected to lift SHIB’s value and a new layer-2 network, Shiba Inu’s market capitalization remains low.
SHIB cost $0.000007985 on the last day of August. By November 20, SHIB’s value had risen by 5.8% to $0.000008449.
Shiba Inu released its Shibarium network on August 16, and analysts expected it to boost SHIB’s value considerably. Since then, Shiba Inu has undertaken several token burns. Yet, SHIB’s price movement has been minimal.
Yet, analysts say SHIB could rally soon due to excitement around spot Bitcoin ETFs. They conclude that SHIB could rise by 7.6% to $0.000009098.
NuggetRush (NUGX): Stealing Hearts with a 20% Increase
NuggetRush (NUGX) just entered round 2 of its presale. Yet, investors can’t stop talking about it after the project has raised nearly $500,000. NuggetRush is a mining adventure that aims to capture the thrill of finding and excavating mineral resources. It leverages hyperrealistic game mechanics to produce a virtual world of mineral deposits and experienced artisanal miners.
Players will start their NuggetRush (NUGX) experience with a few NFT characters and some mining equipment. They can also create their NFT avatar, which gives them a more custom experience. Players will then complete tasks and challenges to build a thriving mining enterprise.
Each player will receive rewards after every completed task. NuggetRush (NUGX) rewards will include machinery and NFTs.
Players directly boost the market value of their game collectibles by upgrading machinery and mining characters. NuggetRush (NUGX) also offers special NFTs called RUSHGEMs. By collecting RUSHGEMs, players are eligible to win real gold.
NuggetRush will also arrange the delivery of gold rewards to users. Players can stake NuggetRush NFTs, thus offering increased profit.
NuggetRush’s blockchain ICO is in high demand, leading investors to purchase over 48 million NUGX tokens. Early backers of NuggetRush (NUGX) are rejoicing over the realized 20% increase. Now, NUGX costs $0.012 as it’s in round two of its presale.
By round three, NUGX’s value would rise to 8.3% to $0.013. The adventure game will go live once NUGX’s value jumps to $0.02. Analysts agree that NuggetRush could become one of the most popular NFT projects once the game kicks off.
Visit NuggetRush Presale Website
