What you'll learn 👉
TLDR
- Dogecoin’s real-world utility has increased following a partnership with Ferrari.
- Ryoshi’s L2 network will offer greater exploration of the Shiba Inu (SHIB) ecosystem.
- Investors name NuggetRush (NUGX) among the top crypto projects to watch after its 80% value increase.
Ryoshi’s launch will aid Shiba Inu’s (SHIB) plan to burn more tokens. Ferrari will now accept Dogecoin (DOGE) payments for car purchases.
However, NuggetRush (NUGX) is gaining unprecedented favor among gamers in the crypto ecosystem. It has sold nearly 187 million NUGX tokens, becoming a top ICO project. Yet, can NUGX outdo meme altcoins like SHIB and DOGE? Read on to hear expert views.
Dogecoin Gets New Real-World Utility
Dogecoin’s (DOGE) community is jubilating over its inclusion as a currency option for Ferrari payments. The luxury sports car manufacturer announced the addition of Dogecoin (DOGE) after revealing that the company would accept digital asset payments. The news follows the use of Dogecoin (DOGE) to settle payments for a SpaceX mission.
Furthermore, it could have a positive effect on Dogecoin’s (DOGE) performance. As of January 19, DOGE was valued at $0.07854. It rose by 1.9% to $0.0801 on February 7. DOGE then jumped by 11.7% to $0.08948 by February 19.
Talks of growing real-world utilization of Dogecoin (DOGE) could help it reach $0.10 in 2024. Analysts predict a rise in Dogecoin’s adoption in e-commerce and online shopping. This could lead to increased demand for DOGE, pushing its value up by 22.2% to $0.10935. DOGE could also join the best cryptocurrency investments in the meme coin sector.
Analysts say Ryoshi Network could Boost Demand for Shiba Inu
On January 12, 2024, Ryoshi launched its layer-2 network, which it claimed was built for the Shiba Inu (SHIB) army. Ryoshi stands out for utilizing Shiba Inu as its native gas token. It is an Ethereum layer-2 network built using Polygon’s CDK framework. Yet Ryoshi will burn a fraction of SHIB each time it completes a transaction.
A few weeks after Ryoshi’s launch, Shiba Inu (SHIB) experienced a mid-February surge. SHIB traded at $0.000009198 on January 18. It fell by 3.3% to $0.000008892 on February 5. However, SHIB recovered by 11.2% to $0.000009889 on February 19.
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Show more +Ryoshi’s design aligns with Shiba Inu’s (SHIB) plan to burn more tokens in 2024. Furthermore, analysts say Ryoshi might challenge Shibarium, which has become very popular since its August 2023 launch.
If this happens, network activity on Shiba Inu could rise as its users will explore both L2 options. This could pull investor attention from other Solana meme coins, pushing SHIB’s value up by 21.2% to $0.00001202.
NuggetRush: Build Teams, Mine Resources, and Collect Gold Rewards
NuggetRush (NUGX) is a wholesome mining experience that immerses gamers in its virtual world, offering gold rewards and community participation. The game stands out because its mining adventures are rare in the P2E industry.
NuggetRush (NUGX) contains epic quests where players must complete mining tasks before collecting rewards. To ease your mining experience, NuggetRush (NUGX) comes with multiple NFT characters. These NFTs will form the employee base in your mining operations.
For faster and more efficient operations, you can purchase better NFT characters. The game also allows you to upgrade these NFT assets, thus boosting their efficiency and market value. Earning money on NuggetRush (NUGX) is done through selling or staking NFTs. The APY for NFT staking reaches up to 20%, depending on your lockup duration.
NuggetRush’s (NUGX) official game launch is a few days away. After participating in its blockchain ICO, gamers will now enjoy its mining adventures. The project has sold 187 million tokens. NUGX’s first price stood at $0.010. However, that value has risen to $0.018 by round five of its presale. NUGX’s 80% pump has caused investors to fix their eyes on its official listing date.
Visit NuggetRush Presale Website
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