What you'll learn 👉
TLDR
- Shiba Inu could automate future SHIB burns.
- Dogecoin’s (DOGE) recent on-chain metrics point to a potential bull run.
- NuggetRush’s (NUGX) upcoming P2E mining game will reward players with NFTs and other valuable rewards.
Shiba Inu (SHIB) has revealed plans to automate its token burns. Dogecoin’s recent on-chain metrics also indicate a coming rally.
Still, investors are rushing to NuggetRush (NUGX) after its presale token jumped by 50% from its initial value. NuggetRush is about earning NFT and gold rewards from completing mining challenges. Yet, can this make NUGX one of the best DeFi projects? Let’s hear what experts have to say.
Shiba Inu Unveils Plans for Automated Token Burns
On December 24, 2023, Shiba Inu’s head of Content Marketing revealed plans to automate token burns on the network. The representative revealed that all Shiba Inu token burns at this moment were manual. However, she hinted at future upgrades that would automate Shiba Inu’s (SHIB) token burns.
The news could add momentum to Shiba Inu’s (SHIB) ongoing rally. SHIB traded at $0.000008367 on December 1. Two weeks later, SHIB had jumped by 14.7% to $0.000009604 on December 15. It then jumped by 11.0% to $0.00001067 by December 24.
Shiba Inu’s (SHIB) automated token burn could boost its token reduction rate. On December 22, Shiba Inu burned 17 billion SHIB as part of its plans to cut down its token supply.
Shiba Inu (SHIB) also revealed that current token burns will be maintained slowly to reduce pressure on Shibarium’s gas token, BONE. Analysts conclude that SHIB could rise by 29.9% to $0.00001387 due to its ongoing bullishness.
NuggetRush: Investors Abuzz over Blockchain Mining Ecosystem
NuggetRush (NUGX) is a fresh P2E offering that seeks to establish itself in the gaming industry. It features a life-like mining experience that offers fun, exciting gameplay and valuable rewards. NuggetRush (NUGX) invites players to become mining professionals, earning money by excavating valuable mineral resources.
The game offers a wholesome mining experience. Players will complete a range of tasks ranging from soil sampling to excavation and sales of mineral resources. NuggetRush (NUGX) also contains group challenges and tasks that offer higher rewards.
The game’s ecosystem is filled with NFT characters with mining and entrepreneurship skills. Players must build a team of efficient miners while gathering the right machinery for a booming operation.
NuggetRush (NUGX) offers a marketplace filled with machinery and character NFTs. Players can boost the efficiency of their mining operations by purchasing high-quality machinery and getting more NFT miners. They can also build wealth by trading NFT assets on the platform’s marketplace. Players can also collect RUSHGEM NFTs, swapping them for gold on NuggetRush’s marketplace.
NuggetRush’s (NUGX) blockchain ICO has sold nearly 113 million tokens, generating a revenue of $1.3 million. NUGX is in the fourth round of its presale, selling at $0.015. It will jump to $0.018 by the next round of its presale. Analysts say NUGX could become one of the best cryptocurrency investments of 2024.
Dogecoin Holders Anticipate Rally After Strong On-chain Metrics
Since late October, Dogecoin (DOGE) has recorded a sharp uptick in network activity. Experts observed the continuation of Dogecoin’s network growth in December. The most recent metric includes the increase in Dogecoin wallet addresses. Now, Dogecoin community members are expecting a rally in Q1 2024 due to growing network activity.
DOGE traded at $0.08342 on November 30. By December 16, DOGE had jumped by 16.3% to $0.09706. Despite its increased network activity, DOGE declined by 2.2%, reaching $0.09445.
Dogecoin’s (DOGE) recent increase also includes a sharp growth in its market capitalization since the end of October. Reports from CoinMarketCap showed that Dogecoin’s (DOGE) market capitalization had jumped from $8.5 billion on October 17 to around $13.2 billion.
Analysts expect Dogecoin’s (DOGE) growth to continue as demand for spot ETFs has boosted demand for digital assets. This could push DOGE’s value up by 16.8% to $0.1104 by 2024.
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