- Meme coins are gaining attention again, with NuggetRush (NUGX), Memecoin (MEME), and Bonk (BONK) leading the way.
- NUGX is one of the top-performing meme coins and is adding utility to the sphere via a play-to-earn (P2E) blockchain game.
- BONK has been listed on KuCoin, and a rebound in Solana (SOL) might spark more demand for the meme coin.
- MEME has no intrinsic value or utility, but it is still attracting investors and was endorsed by Binance.
The resurgence of meme coins is once again capturing the attention of investors and enthusiasts alike.
After the PepeCoin (PEPE) mania faded at the start of H2 2023, NuggetRush (NUGX), Memecoin (MEME), and Bonk (BONK) appear to be frontrunners as the industry continues to attract millions of dollars.
So far, NUGX is one of the top-performing meme coins, adding 20% in the ongoing presale.
Will this be sustained, and where does the future of meme coin lie?
NuggetRush (NUGX)
NuggetRush (NUGX) sets out with a primary mission: to redefine the perception of meme coins, aiming to address the common criticism of their limited utility.
To achieve this, their strategy is straightforward. The team is adding utility to NUGX via a play-to-earn (P2E) blockchain game.
In this setup, all in-game assets will be in the form of non-fungible tokens (NFTs) minted on Ethereum, the world’s first smart contract platform.
NUGX is used as a medium of exchange and governance. All purchases on NuggetRush’s P2P NFT marketplace will be through the ERC-20 coin. At the same time, acquired NFTs can be staked for double-digit APYs, one of the highest in DeFi.
There is also a charity aspect to NuggetRush. As players have fun, the game will improve real-world artisanal miners in underdeveloped countries like the Democratic Republic of Congo (DRC).
In round 3 of the presale of what’s clearly a top ICO, each NUGX is trading for 0.013 USDT, up from 0.01 USDT in round 1. Over 77 million NUGX have been sold, and more are flying out the door.
By the end of the crowdfunding round, NUGX will be changing hands at 0.02 USDT.
BONK Lists on Solana
BONK, the first viral meme coin on Solana, was recently listed on KuCoin, one of the world’s biggest crypto exchanges.
Following this announcement, BONK prices rose, adding 10%, further extending their gains. Even though BONK prices have retraced from November highs when writing, the token is up nearly 20X from October lows.
Whether the uptrend will be sustained remains to be seen. However, looking at price action, even with improved liquidity following this listing, bears have the upper hand. BONK will drop even lower if no big buyers step in.
On the bright side, considering the direct correlation between Solana (SOL) and BONK prices, a rebound of SOL might spark more demand for the meme coin. In that case, BONK might extend gains, surging above November highs of around $0.0000057607.
MEME Lists on Binance
While BONK and NUGX tear higher, Memecoin (MEME), the primary token of the Memeland, is also on focus.
MEME, more like PEPE, has no intrinsic value or utility. The team clearly stated that the meme coin is for entertainment.
Even with this, the crypto and meme coin fan bases are defiant, pouring millions of dollars.
At the same time, Binance, the world’s largest crypto exchange, endorsed the token. This sparked a rally in November, lifting the token by 103X on launch date.
Conclusion
Meme coins are now a big part of crypto, with projects planning to add more utility to the sphere, appearing solid and attracting investors.
Thus far, NUGX will double by the end of the presale and possibly outperform MEME and BONK in the long term; a reason why some investors say it is one of the best DeFi coins to explore.
NuggetRush plans to add utility to an industry that’s lacking and meant to be driven by speculation. Because of this, it can be considered as one of the top crypto to invest in by the end of 2023.
Visit NuggetRush Presale Website
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