TLDR
- Shiba Inu’s burn rate skyrocketed earlier this week, which can be linked to the community.
- Sui and NuggetRush have emerged as altcoins to watch.
- NuggetRush stands out as a governance and P2E token.
An exciting piece of crypto news that has nabbed the attention of the crypto community is the surge in Shiba Inu (SHIB) burn rate. This event coincided with a massive SHIB transfer to a dead wallet, which is linked to the Shiba Inu community.
Meanwhile, Sui (SUI), an L1 token, gains momentum, while the NuggetRush (NUGX) presale continues to sell out. Positioned as the best new crypto to invest in, NUGX is one of the most bullish plays not to miss out on.
NuggetRush (NUGX): Ongoing and Promising ICO
NuggetRush (NUGX) is one of the best-performing altcoins this year. Currently in its ICO phase, the presale has been selling out fast. The massive presale participation is due to its novelty as a blend of memes and utility, as well as its astounding growth potential.
Hailed as one of the meme coins with potential, it combines features of gaming or play-to-earn (P2E). As a P2E token, it will serve as the in-game currency within the gaming ecosystem. Not only that, token holders will also have voting rights and a say in the ecosystem’s and game’s future as a governance crypto.
Given the above, NuggetRush isn’t just another cat or dog coin. Instead, it is one with real-world applications, positioning it as a good crypto to buy. As one of the most promising new ICOs, it has staggering upside potential—a bullish wave you can ride to its fullest.
In the fifth round of the presale, a token costs only $0.018. Bullish about its potential, analysts tip it for a 50x rally after its launch, which makes it a promising play not to miss out on. To participate in the ongoing presale, follow the link below.
Shiba Inu (SHIB): Rise in Burn Rate
Shiba Inu (SHIB) is one of the most prominent ETH meme coins. While it initially started as a memecoin, it has evolved to be much more. At the moment, the Shiba Inu ecosystem boasts solid projects like Shibarium (a layer 2 scaling solution) and ShibaSwap (a DEX).
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Show more +A piece of crypto news that has been stirring quite a buzz is a surge in SHIB’s burn activity. On-chain data spotted by Shibburn showed a staggering 450% rise in the Shiba Inu burn rate on January 23. This surge coincides with an enormous transfer to a dead wallet—100 million tokens—per data by Etherscan.
This enormous SHIB transfer can be linked to the Shiba Inu community as part of efforts to strengthen SHIB’s tokenomics. While this makes SHIB one of the best cryptos to buy now for the long term, its price is currently facing bearish pressure.
Sui (SUI): Rising Momentum
Sui (SUI) is hailed as the first-of-its-kind layer-1 blockchain and smart contract platform. It was designed to make digital asset ownership both fast, private, and secure, as well as accessible.
Its scalable processing and storage allow it to support a wide range of applications at low cost and with unrivaled speed. Thanks to its solid fundamentals, Sui has emerged as one of the top altcoins on the market.
Its current momentum defies larger market trends; hence, it is hailed as an exceptional cryptocurrency. With further upside in the future, Sui is one of the best coins to invest in.
Conclusion
Shiba Inu experienced a surge in its burn rate, which can be linked to its community. Meanwhile, Sui and NuggetRush have assumed center stage, positioned as altcoins to watch. To become an early holder of NUGX, click the link below.
Visit NuggetRush Presale Website
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