Meme coins are making a comeback if price gains over the past few trading days are anything to go by.
Specifically, looking at leading projects, including Dogecoin (DOGE) and Shiba Inu (SHIB), there are hints that the bear market could be ending, making them some cryptos to invest in.
To illustrate, DOGE, the “OG” of meme coins, is up 11% in the past trading week. On the other hand, SHIB has added 4% but is distinguished from other meme coins by its deep liquidity levels buoyed by the recent release of the Shibarium layer-2 platform.
Though Dogecoin and Shiba Inu have been hogging all the media attention, two new upcoming meme coins, NuggetRush (NUGX) and Shiba Memu (SHMU), are showing immense potential in their respective presale. Investors have been closely monitoring NUGX in the past few weeks following the launch of their presale, believing that it is a good crypto to buy.
Exploring NuggetRush and Its Growth Potential
Discerning crypto investors are choosy and often lean for value and growth potential rather than just aping in on projects, sinking millions of hard-earned dollars in the name of fear of missing out (FOMO). In their thorough assessments, NuggetRush is noteworthy and NUGX could easily glide higher, outperforming leading meme coins in the coming months, especially if the current Bull Run is sustained.
NuggetRush is a project that aims to add utility to meme coins. For years, meme coins have been known for being propped by their passionate community. Community members often desire to “ape in,” speculating on the most popular meme coin to make a profit.
While doing so, they know that the token has no underlying value. Anytime the token can tank to zero–and there have been lessons to learn from, including the rise and hard fall of BALD, the first meme coin on the Base layer-2 platform of Ethereum.
To add utility, NuggetRush has a play-to-earn (P2E) game and is making its native token, NUGX, a deflationary and ERC-20 coin, central. At the same time, the platform will be rewarding players with in-game assets, presented as non-fungible token (NFT) items.
However, what distinguishes NuggetRush’s coolest NFTs is that some rare items can be redeemed for physical gold and delivered to their doorsteps.
Additionally, players can create custom NFTs and even stake the same them, earning up to 15% in APY payable in NUGX. In essence, what the team strives to achieve in this setup is to blend in meme coin culture with NFTs and decentralized finance (DeFi).
The NuggetRush presale is in progress, and over 14.3 million NUGX have been sold to crypto holders, including meme coin fans.
Looking At Alternatives
The growing interest in NuggetRush is amid rising demand for other quality alternatives, including established meme coins known for longevity, such as Dogecoin and Shiba Inu. Among them is Shiba Memu, a platform that aims to change how projects market themselves.
A key distinction here is that Shiba Memu uses artificial intelligence (AI). Creators are confident that the fusion of AI adds more appeal to its native token, SHMU, and that its technology will find more adoption in the coming months, making it one of the best cryptos to buy.
While SHMU is viewed as a meme coin, supporters claim that value lies in what the project tries to disrupt: replacing marketing agencies. Shiba Memu creators assert that the project is a “show off” since it can handle the work of “100 marketing agencies”.
The platform taps on AI to create what the team claims is an autonomous system that’s also highly interactive.
Conclusion
Meme coins are here to stay. They survived one of the longest bear markets in history. Existing ones continue to improve on what legacy projects were deficient in.
NuggetRush, for instance, is adding NFTs, P2E gaming, and DeFi to meme coins, while Shiba Memu is integrating AI to create a self-sustaining marketing solution.
On the other hand, Shiba Inu recently released Shibarium layer-2 as Dogecoin continues to be incorporated by payment processors. At this pace, meme coins are promising, and token prices might recover, reversing 2022 losses.
Visit NuggetRush Presale Website
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