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- Shiba Inu has increased its burn rate consistently since the launch of Shibarium.
- Pepe has burned $5.5 million PEPE tokens, aiming to increase the token value.
- NuggetRush’s (NUGX) allures investors and P2E gaming enthusiasts.
Shiba Inu is living up to its promise of increasing its burn rate. Yet, SHIB’s dip has continued since, causing analysts to doubt its profitability in 2023. Elsewhere, PEPE is looking to rebuild its fame with a $5.5 million token burn expected to raise its value. Yet, analysts are confident it won’t perform as well as NuggetRush. Native to Ethereum, it is a mining ecosystem where community members are rewarded for active participation.
Which of these three tokens will be among the top altcoins of 2023? Let’s discuss.
Shiba Inu (SHIB) Maintains a High Burn Rate
Since the launch of Shiba Inu’s Shibarium layer-2 network, the burn rate of SHIB tokens has increased dramatically. Data from Shibburn on October 23, 2023, showed that Shiba Inu burned 121 million tokens overnight. More precisely, the report indicates a 567% increase in Shiba Inu’s token burn rate, which could boost SHIB’s price.
SHIB was trading at $0.000007341 on October 1. However, SHIB had risen to $0.000007803 by October 26. SHIB’s rise follows the remarkable performance of the Shibarium. Notably, Shiba Inu’s Shibarium network has already surpassed one million transactions despite being a few months old.
Shiba Inu’s executives have notified its community of rising token burns and the possibility of raising SHIB prices. Moreover, Shiba Inu’s trading activity has increased following its SHIB token burns. If Shiba Inu maintains its token burn momentum, SHIB could further jump to $0.000008223, making SHIB one of the top crypto coins of 2023.
Pepe Burns $5.5 Million Worth of PEPE Tokens
Pepe has been making headlines after burning 6.9 trillion tokens valued at $5.5 million. The token burn aims to boost investor confidence following the rug pull involving PEPE at the end of August. The rug pull saw $16 million withdrawn from PEPE’s multi-sig wallet, creating a sharp drop in value.
As expected, the token burn led to a sharp jump in PEPE’s value. PEPE was trading at $0.0000006163 on October 12. It jumped by 18.4% to $0.0000007303 on October 23 following PEPE’s token burn.
PEPE was one of the most popular meme coins in 2023. Yet its user adoption fell due to the scandal around its rug pull. On a more positive note, investors say the recent token burn could increase demand for its network services.
NuggetRush (NUGX) Offers Gold and Other In-Game Rewards
NuggetRush (NUGX) is a community-owned gaming ecosystem that offers a realistic and immersive mining experience. The game features several mining characters who help players on their journey of building a successful mining operation.
At the start, players only receive a miniature piece of land and crude tools. As they progress, they find character NFTs, some of which are professional miners. Others are experienced business folks who help players increase their earnings from NuggetRush’s marketplace.
On NuggetRush (NUGX), players can complete quests, challenges, and battles, which increases their in-game winnings. Furthermore, collaborating with other players increases a player’s winning chances.
Users can trade their winnings on the game’s marketplace. Examples of tradable in-game assets include machinery, RUSHGEMs, and Character NFTs. Furthermore, players can swap RUSHGEM NFTs for real-world gold. NuggetRush (NUGX) will ensure that the gold gets to any location of the player’s choosing.
Now, investors and gaming enthusiasts are eagerly awaiting the game’s launch in the ongoing blockchain ICO. NuggetRush is in the first stage of presale, and NUGX’s price is $0.010. By the next stage, NUGX will jump to $0.012, growing by 20%. Moreover, by its launch time, NUGX will have jumped to $0.020, growing by 100% from its current price.
