Incoming Meme Coin Season, Nugget Rush (NUGX) Soars 20% While Billions of Shiba Inu (SHIB) Tokens Get Burned

TLDR

  • There is high anticipation for the incoming meme coin season, even as Nugget Rush and Shiba Inu show impressive developments.
  • Nugget Rush completed its first presale round with an impressive 20% uptick in its value.
  • Almost 1.5 billion SHIB tokens were burned in October to drive its price up.

November ushers in another season of growth for notable meme coins in the decentralized cryptocurrency list as their popularity and adoption continue to broaden. As crypto enthusiasts brace for the season, Nugget Rush (NUGX) and Shiba Inu (SHIB) record intriguing developments. 

These developments also triggered the anticipation for a bull run in the meme coin sector.

Nugget Rush, a new meme coin, is making headlines as its value soars 20%. As the best ICO, its presale drew individual and institutional investors as it completed its first round within a few weeks. 

While Nugget Rush takes its first steps toward stardom, Shiba Inu witnessed billions of SHIB tokens burned throughout October, signifying a deliberate move to increase demand. 

This article discusses the impressive developments of NUGX and SHIB amid the incoming meme coin season.

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Nugget Rush (NUGX) Presale Selling Out Fast

Meme coins often have little utility, but NuggetRush is an imminent introduction to the decentralized cryptocurrency list that brings a new dimension to meme coin investments. Cryptocurrency investment, play-to-earn (P2E) gaming, real-time earning, and tangible impact combine at Nugget Rush. 

The project is built on the popular Ethereum blockchain platform, letting the largest number of users access the ecosystem and capitalize on its potential. 

Nugget Rush’s ongoing presale performance makes it the best ICO, registering over 25 million token sales within weeks. The presale has entered Round 2, marking the increase of each token price to $0.012. The tokens are selling out so fast, and with NUGX’s 20% price increase, more investors are flocking to its initial coin offering (ICO) rounds. 

NUGX’s DeFi coin price will reach a minimum of $0.020 when it goes live, offering gains of up to 100% for early backers. 

The vesting period for Nugget Rush includes five rounds after its presale, allowing investors to claim their tokens in the particular round they participated in. With the rising bullish momentum in the meme coin sector, NUGX’s propositions and presale milestones make it a top entry point to capitalize on for the incoming meme coin season.

Nugget Rush also prioritizes rewarding and incentivizing its growing community. It has a scheduled $150,000 worth of giveaways in batches, promising a more rewarding experience for active participants. The project also features a governance system that grants Rush Guild members special access to exclusive areas and the power to vote on important decisions related to the NUGX ecosystem and game development.

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Shiba Inu (SHIB) Witnesses Massive Token Burn

Token burning helps reduce the total tokens supply of a cryptocurrency in circulation by sending them to burner addresses or “dead wallets.” The more you reduce the supply of a coin, the more it should help push its price – simple supply and demand. 

For this reason, the Shiba Inu community and developers have been on a major SHIB burning initiative. Based on the Shibburn figure, 250 million SHIB tokens were removed in a single day in October, with the total burned throughout the month amassing almost 1.5 billion tokens. 

This burn had a noticeable effect on the price, resulting in over 12% rise in the last 14 days. It is even easier to talk about Shiba Inu‘s latest development by mentioning the role of Shibarium, its Layer-2 scaling solution. 

Shibarium serves as another channel to burn SHIB. The growth of decentralized applications and non-fungible token (NFT) marketplaces is helping to push the mainstream adoption of SHIB through increased demand. 

As a popular crypto, Shiba Inu’s current uptick in burn rate is likely setting the stage for a bullish November for it and other meme coins in general.

Conclusion

Nugget Rush has been on a remarkable presale journey, with its DeFi coin price soaring by an impressive 20% after its first round. Shiba Inu, another meme token, is undergoing a massive token-burning initiative. These two developments point towards an incoming meme coin season.

Alongside its achievements, Nugget Rush’s strategized roadmap and utility make its blockchain ICO a top investment choice in the P2E blockchain sector. Potential investors can acquire the NUGX tokens on its website now, so they can claim their tokens early once the presale is over. 

Visit NuggetRush Presale Website

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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