Key Takeaways:
- Shiba Inu (SHIB) holders expect a recovery if the market stays bullish.
- Dogecoin (DOGE) has remained bullish despite Bitcoin’s recent drop.
- NuggetRush’s 90% pump has created a buzz among gaming tokens.
Shiba Inu’s (SHIB) increased token burn rate has caught investor attention in the crypto industry. Dogecoin (DOGE) futures will now go live on Coinbase.
Still, investors are focusing more on NuggetRush (NUGX) as its presale numbers keep soaring. It will offer gold rewards to games alongside NFT staking options. However, will its community participation features make it one of the top altcoins? Keep reading.
Shiba Inu Ups its Token Burn Rate in March
Shiba Inu (SHIB) could recover due to its increased token burn rate in March. Top meme coins like Shiba Inu benefited from Bitcoin’s ascent above the $70,000 range in early March. Unfortunately, Shiba Inu (SHIB) and other meme coins have also suffered sharp declines as Bitcoin has slid considerably from its $71,000 high.
Reports from CoinMarketCap also show that Shiba Inu’s (SHIB) market capitalization has fallen to $15.6 billion, losing over $5 billion in March alone. SHIB traded at $0.000009546 on February 21. It jumped by 136.9% to $0.00002262 on March 2. SHIB soared by 50.0% to $0.00003395 on March 11. However, it fell considerably, dropping by 18.2% to $0.00002777 on March 20.
Shiba Inu (SHIB) could jump due to the ongoing meme coin frenzy. Solana meme coins have soared, leading Bloomberg to suggest that the meme coin boom might be back. Analysts say demand for Shiba Inu (SHIB) will rise among other bullish altcoins. This could push SHIB’s value up by 112.7% to $0.00005909.
Dogecoin Set to Soar Amid Futures Listing
There is growing excitement in Dogecoin’s (DOGE) community over a recent listing. On March 20, 2024, Coinbase Derivatives announced it would soon open trading for Dogecoin (DOGE) futures. The move is in line with rising demand for Dogecoin (DOGE) since the start of the year.
Dogecoin’s DOGE token traded at $0.08462 on February 21. It jumped by 64.9% to $0.1396 on March 1. DOGE soared by 30.3% to $0.182 on March 11. It then closed at $0.1522 after a 16.3% decline on March 20.
Analysts say Coinbase’s listing of Dogecoin (DOGE) futures could increase its institutional demand in the crypto market. At a time when DWF Labs has also listed the Floki meme coin, analysts believe that increased institutional trading would boost Dogecoin’s (DOGE) standings among other meme coins. This could further push DOGE’s value up by 24.3% to $0.1892.
NuggetRush Joins the List of Top Gaming Projects After Selling 244 Million Tokens
NuggetRush’s (NUGX) presale performance is uncommon in the gaming industry. Although new ICOs launch daily, few projects can record such stellar growth before their official launch. NuggetRush (NUGX) is a mining adventure that cleverly leverages GameFi dynamics to provide a unique P2E experience. Joining the NuggetRush (NUGX) ecosystem will train you in the ways of artisanal mining.
You will become good at surveying its 3D landscapes, looking for valuable mineral resources and rare NFT assets to collect and trade. Its gameplay consists of several tasks with varying difficulty and reward potential.
Some tasks involve hiring workers to join your mining business while purchasing needed equipment. Other tasks include refining and selling mineral resources while expanding your business operations.
Successful expansion of your business operations will get you more mineral resources and NFT assets. Furthermore, you will rise through NuggetRush’s (NUGX) mining leaderboards, establishing your prowess among other gamers. NuggetRush (NUGX) also comes with collaboration opportunities. Gamers can earn more NFTs from participating in group tasks and challenges.
NuggetRush (NUGX) is in the launchpad round of its presale, meaning its official launch is the next phase of its development. After recording a 90% value growth since its blockchain ICO launched, NUGX now trades at $0.019. NUGX will finally get listed when its price jumps to $0.020. This will mark a 100% value jump for investors who purchased NUGX at its round one price of $0.010.
