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Shiba Inu's burn rate soars; Dogecoin rebounds; NuggetRush tipped to outpace both

Saturday, December 09, 2023 08:00 AM | Invezz via QuoteMedia

Shiba Inu’s burn rate soars; Dogecoin rebounds; NuggetRush tipped to outpace both

2023-12-09 08:00:00 ET

Earlier this week, over eight billion Shiba Inu (SHIB) tokens were sent to one of the burn addresses. SHIB’s burn rate soared as a result, creating excitement within the community.

Another exciting development in the meme ecosystem is Dogecoin’s (DOGE) resurgence, hitting $0.10. Meanwhile, NuggetRush (NUGX) , a new P2E memecoin, has been tipped to outpace both SHIB and DOGE. Hence, it is one of the altcoins to watch in the future.

This post will cover these notable developments in the memecoin ecosystem. In addition, it will explore NuggetRush’s potential, explaining why it is among the best cryptocurrencies to invest in. Let’s begin.

NuggetRush (NUGX): a new Dogecoin and Shiba Inu rival

There is a new player in the meme coin space, tipped to outpace both SHIB and DOGE. This token, NuggetRush (NUGX) , has been creating excitement in the crypto landscape. It stands out in several areas, which will see it become one of the top altcoins in the future.

As a result, investors have shown considerable interest in its presale, aiming to ride its bullish wave.

It stands out for its unique approach to memecoin. It combines play-to-earn (P2E) and memes, which are two of the biggest trends in the crypto scene. As a result, it appeals to many, which will result in its explosive adoption and growth.

In addition, it edges SHIB and DOGE in terms of tokenomics. With a supply of 500 million tokens, it is significantly lower than SHIB’s trillion-token supply and DOGE’s billion-token supply.

Given the above, it is set to outperform DOGE and SHIB. The presale is in its third stage, and a token costs only $0.013. According to experts, its value will rise by 5,000%, making it an investment you don’t want to miss out on.

Shiba Inu (SHIB) sees a surge in burn rate

Shiba Inu (SHIB) is a key player, not only in the memecoin ecosystem but in the overall crypto landscape. Although it was initially just a meme coin, it has since evolved, with real-world utility introduced into the ecosystem. Notable developments include the launch of a DEX (ShibaSwap) and a layer-2 scaling solution (Shibarium) by Shiba Inu. This makes it a good crypto to buy.

An exciting development within the ecosystem is the surge in its burn rate. Earlier this week, as recorded by Shibburn, over 8 billion Shiba Inu tokens were burned in a single transaction. This propelled the burn rate, which in turn created excitement.

This burn event reduces Shiba Inu’s total supply, which will have a long-term positive effect on price. Hence, it is one of the best coins to invest in for both the near and long term.

Dogecoin (DOGE) experiencing an exploding surge

Dogecoin (DOGE) is the first meme coin and, as a result, the most dominant. It has become a popular go-to investment for investors as well as enthusiasts. This is thanks to its upside potential and strong community backing.

Lately, it has been gaining momentum. In the past seven days, its price has risen by more than 20%, breaking the $0.10 resistance. Expectedly, the Dogecoin community is abuzz.

It is expected to maintain this momentum this year. With more anticipated upsides before the year comes to an end, Dogecoin is positioned as one of the best cryptos to invest in.

Conclusion

The memecoin ecosystem is abuzz with exciting developments. Notable ones are the rise in Shiba Inu’s burn rate and Dogecoin’s explosive growth.

Additionally, there is a new challenger, NuggetRush, which has been tipped to outpace both prominent meme coins. It has tangible applications and strong tokenomics, making it a great contender.

For all things NUGX you can visit NuggetRush presale website

The post Shiba Inu's burn rate soars; Dogecoin rebounds; NuggetRush tipped to outpace both appeared first on Invezz

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