NuggetRush presale surges, Dogecoin volumes hit six-month high
Investing.com | Editor Nikhilesh Pawar
Published Nov 22, 2023 08:58AM ET
The cryptocurrency market is witnessing significant activity with NuggetRush (NUGX), a new player in the meme coin sector, making waves with its innovative play-to-earn (P2E) game. The project's presale has already garnered over $500K, driven by investor excitement and the absence of buy or sell taxes on its token. A recent audit by SolidProof validates the security measures of NuggetRush, as the project moves towards community-led governance by handing over smart contract control to token holders.
In parallel, Dogecoin (DOGE) transaction volumes have surged to a six-month peak. This uptick coincides with NuggetRush's successful progression through its token sale rounds. The price of NUGX tokens has escalated from an initial $0.010 to $0.012 in the second round, with a further increase to $0.013 anticipated in the upcoming third round.
The rising interest in NUGX and DOGE comes amidst broader market movements, where Bitcoin (BTC) faced significant sell-offs after BlackRock (NYSE:BLK)'s announcement regarding Spot Ethereum ETFs on November 14. The announcement led to a decrease in BTC value and an increased ETHBTC ratio as investors reacted to potential delayed ETF approvals until 2024 over concerns such as market manipulation.
The market's response is also evident on trading platforms like WSB Trader Rocko and Mckenna, reflecting the dynamics between established cryptocurrencies and emerging projects like NuggetRush, which aims to redefine the meme coin narrative through its P2E platform and RUSHGEM NFT rewards.
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