What you'll learn 👉
TLDR
- Shiba Inu’s (SHIB) bullish momentum fell in early January.
- BONK could rise following an expected resurgence in the meme coin boom.
- NuggetRush’s presale stuns analysts after selling 156 million NUGX tokens.
Shiba Inu (SHIB) dropped in January despite a sharp rally at the end of 2023. BONK also expects a resurgence after its bullish momentum declined since the start of 2024.
Still, most analysts say NuggetRush (NUGX) holds the most growth potential after its presale sold 156 million tokens. Gamers on NuggetRush will enjoy NFT staking benefits. Yet, can this make NUGX one of the best cryptocurrency investments in Q1 2024? Let’s discuss.
NuggetRush Could Become Gold Standard for P2E Gaming After Unveiling NFT Staking Benefits
NuggetRush (NUGX) is building a blockchain community where the love of artisanal mining is combined with the opportunity to win valuable rewards. The project features an adventurous NFT gaming expedition where players must establish mining businesses. Gamers on NuggetRush (NUGX) build a mining team and collect equipment necessary for their operations.
After each mining task, gamers receive NFT rewards and game funds. To maximize your wealth-building opportunities on NuggetRush (NUGX), you need a large mining workforce with efficient machinery.
You can purchase these resources from NuggetRush’s marketplace using game funds received as rewards. Such investments will boost your mining efficiency, which in turn leads to a higher reward potential. Furthermore, having a large mining team will help you climb the game’s leaderboard faster.
On NuggetRush (NUGX), you can participate in various game modes ranging from quests to challenges, battles, and ranked play. Furthermore, you can participate in group challenges, earning higher rewards and mining efficiency boosts.
You can sell game NFTs on NuggetRush’s (NUGX) marketplace, thus converting your gaming activities to real cash. The game also allows NFT staking, which gives players up to 20% APY, depending on their staking duration.
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Show more +NuggetRush’s blockchain ICO is one of the most talked about topics after its presale sold 156 million tokens. Its presale is just in round four, with NUGX trading at $0.015. By round five, NUGX’s value would grow to $0.018, returning a 20% interest to round four buyers.
Shiba Inu’s January Decline Continues
Shiba Inu (SHIB) holders have been shocked by its continued decline since the start of the year. Like many community-driven meme coins, Shiba Inu (SHIB) was one of the most in-demand tokens following December 2023’s bullishness. News around its token burns also boosted Shiba Inu’s performance.
SHIB’s December 1 value was $0.000008367. By December 20, SHIB had jumped by 22.2% to $0.00001023. SHIB rose slightly by 4.4% to $0.00001069 on January 1. However, its decline started, and SHIB fell by 10.5% to $0.000009567 by January 14.
Shiba Inu could recover due to growing network activity on Shibarium. On January 5, Shiba Inu’s community celebrated Shibarium’s milestone of reaching 250 million transactions.
Analysts say Shibarium’s growth will continue, thus increasing network activity on Shiba Inu (SHIB). This could push SHIB up by 31.3% to $0.000012567. If Shiba Inu rises further, it could be one of the top crypto coins.
BONK Eyes Late December Highs Amid Expectations of Meme Coin Resurgence
BONK holders are anticipating a resurgence of the meme coin boom of late 2023. Demand for meme coins like BONK increased significantly following excitement around spot crypto ETFs. BONK’s surge pushed Solana to briefly become the fourth-largest cryptocurrency by market capitalization in December 2023.
However, the declining investor sentiment for meme coins has reduced BONK’s market capitalization from $1.4 billion in mid-December to around $890 million by mid-January.
BONK traded at $0.000004799 on December 2. It jumped by 331.7% to $0.00002072 by December 21. BONK fell by 50.3% to $0.00001029 as of January 7 before recovering by 38.3% to $0.00001424 by January 14.
Analysts say excitement around the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETFs could trigger another BONK rally. It is already one of the most popular meme coins in the industry. Analysts conclude that BONK could jump by 41.9% to $0.00002124 if the market bullishness continues.
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