WEN Trading Volume Passes Shiba Inu and Bonk as New Memes Shine

TLDR

  • Top Solana-based meme coins, Bonk and Wen, are experiencing a decline in their token prices.
  • Wen’s trading volume has surged past Bonk and Shiba Inu’s, indicating increased investor interest.
  • The NuggetRush presale is in its last lap and nearing completion.

The Solana ecosystem is again trending as a top meme coin on its network, Wen (WEN), crosses new milestones. According to data from the decentralized exchange (DEX), Jupiter, Wen witnessed a remarkable surge in its 24-hour trading volumes, recording over $120 million and surpassing that of Shiba Inu (SHIB) and Bonk (BONK). With its upcoming presale in view, the project is drawing increased investor interest in the decentralized cryptocurrency list.

Bonk and NuggetRush (NUGX) have also been attracting attention, though the former is witnessing several adverse market turns. Bonk has dipped significantly in the past month, retracing some profits. NuggetRush, on the other hand, is seeing an influx of investment as its presale journey nears completion. Investors are intrigued by its unique appeal, merging GameFi, impact gaming, and real-world value on the blockchain. This article explores the top meme coins with potential, highlighting their features and journey amid market volatility.

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NuggetRush (NUGX): Impending Profits For Early Investors

New meme coins are rising to prominence, and NuggetRush, the GameFi project, has entered the spotlight, attracting investor attention with its surging presale. This token has witnessed a steady uptrend in its prices, moving gracefully from 0.01 USDT in its first stage to its current price of 0.018 USDT in the fifth and final stage. Offering discounted prices in its presale has enabled investors to earn significant returns on the decentralized cryptocurrency list upon launch.

The project has raised over $2 million from this presale, selling off 168 million tokens and counting. This blockchain ICO offers significant growth potential, aiming at a 100% ROI for stage 1 investors and an 11% increase for those purchasing in the final stage. With a proposed launch price of 0.020 USDT and less than 22% of the presale tokens remaining, investors are clamoring to acquire these tokens in anticipation.

NuggetRush’s appeal is in its revolutionary play-to-earn game, which invites all players and NUGX token holders to experience mining within its metaverse. Its GameFi capabilities ensure that players can claim NFTs exchanged in the real world for valuables like money and gold delivered to their doorstep. More rewards await on the platform, inviting players to stake their NFTs for up to a 20% APY. The $25,000 giveaway at the end of the presale journey is more motivation for investors seeking to purchase NUGX tokens from this blockchain ICO.

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Wen (WEN): Surging Trading Volume

The surge of the Solana ecosystem, which began last year, has put several Solana-based meme coins in the limelight, making them prominent investment options. Wen, an upcoming token that recently launched, delivered 4,000%, exceeding a $500 million market capitalization. The token also recorded a trading volume of over $120 million, seeing its native token, WEN, surpass Shiba Inu by market volume.

Wen is experiencing increased investor interest, especially with its airdrop, which has brought even more attention to the token. All Solana wallets that interacted with the Jupiter DEX over the past six months received airdrops of the token. WEN suffers volatility and a price correction as its market value dips by about 100%.

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Shiba Inu (SHIB): Rallying Whale Interest

Shiba Inu is facing a decline, with about a 15% loss on the charts. The token seeks to break out from the red as the bears and bulls fight for dominance. Amid this, investor sentiment for the token remains positive, as noted in its TD Sequential Indicator, flashing a buy signal for SHIB and hinting at a potential surge.

Top crypto analyst Ali Martinez has released his forecast for SHIB, pointing to a potential rise of about 122% that could push the token’s value to $0.011. The token’s trading volume has also seen an upswing that points to increased whale activity. These developments may also be tied to the recent change in the bridge for BONE, the project’s governance token, from Ethereum to Shiba Inu.

Bonk (BONK): Mounting Selling Pressure

Bonk has experienced declining market value and capitalization since its December highs. With January drawing to a close, the token’s plummet is causing concern as investors wonder if it will pick up again. From a market cap of over $1.4 billion in early January, BONK is now coasting at less than $700 million.

BONK has recently dipped by 8%, threatening its support level. Despite mounting selling pressure, top analysts predict a resurgence for the token. One prediction points to a potential 100x for Bonk.

Conclusion

Solana meme coins are bleeding as the crypto market stabilizes. While Wen has achieved a significant feat, surpassing top dog Shiba Inu by trading volume, its prices continue to plummet. Bonk is in a similar predicament with dipping prices. Investors seeking meme coins with potential are turning towards NuggetRush and its remarkable growth potential. With its unique features, this meme coin is set to deliver impressive returns.

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Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

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