BNB and Ethereum Lag behind New Meme Coin Following 30x … – Analytics Insight

0

Analytics Insight
Role of Artificial Intelligence in Shaping the Gaming Experience
Amazon vs Google vs Microsoft: Who Uses Generative AI?
Stocks vs Crypto: Understanding the Key Differences
10 Data Mining Techniques for Business Excellence
40-under-40-innovators-of-2023
The 10 Most Influential CTO’s To Watch in 2023
The 10 Most Influential CISOs to Watch in 2023
The 10 Most Promising AI Solution Providers of 2023
– BNB, Ethereum (ETH), and other top crypto assets are down more than half from their 2021 peaks.
– Amid the market contraction, some meme coins, such as PepeCoin (PEPE) and BALD, have flourished.
– NuggetRush (NUGX), a meme coin, is increasingly coming to the fore for what it offers. Supporters are bullish, expecting NUGX to expand gains by up to 30X versus ETH and BNB in the coming months.
BNB, Ethereum (ETH), and other top crypto assets were not spared in the recent bear market. The battering was brutal, and most are yet to make a “full” recovery per traders’ assessments. 
Of note, BNB and ETH, the priming currencies of some of the world’s most active crypto ecosystems, are down more than half from their 2021 peaks. This development highlights how crypto can be volatile and why positioning investments in top crypto coins, including NuggetRush (NUGX), as a hedge can be worthy.
Although the market was unforgiving, amid the contraction, some of the top crypto to buy and meme coins flourished. Specifically, PepeCoin (PEPE), the meme coin launched in early Q2 2023, remains one of the key highlights. 
The ERC-20 coin exploded in April and peaked in May before falling to spot levels. Meanwhile, crypto users also have stories to tell about BALD, the first popular meme coin on Base–the Ethereum layer-2 solution backed by Coinbase.
Though the meme coin “fever” seems to be cooling off, NuggetRush is increasingly coming to the fore for what it offers. 
Notably, its supporters are bullish on its prospect, expecting NUGX, the native token of the meme coin platform, to further expand gains by up to 30X versus Ethereum and BNB in the coming months.
NUGX is a meme coin, but unlike competitor tokens, it is not a joke since investors view it as an asset to consider when diversifying portfolios. But why NuggetRush is rising in prominence in the early stages of a bull market, outperforming Ethereum and BNB, boils down to these features:
NuggetRush has an active community, spurred mainly by how the platform’s developers are setting up the project. 
In social media, including X and Telegram, its supporters actively highlight NuggetRush’s community-led approach, the desire to reward participation, and the eventual objective of eventually renouncing its smart contracts so that NUGX holders take over. 
The optimism is further solidified by the protocol’s clear roadmap, where all plans have been defined and are ready for implementation.
NuggetRush also aims to change the perception of meme coins, releasing a unique value proposition. For years, meme coins have been considered “unserious” projects, tapping on hype. However, NuggetRush is rolling out a serious project where NUGX will serve as a utility and governance token. 
In this setup, players of the NuggetRush play-to-earn (P2E) game and holders of the platform’s in-game assets existing as non-fungible tokens (NFTs) will be rewarded using NUGX. Since NUGX is fungible, it will be listed on exchanges where, over time, its liquidity will likely increase as prices float higher. This could make it one of the best coins to invest in.
NUGX, by itself, is also deflationary and compliant with the ERC-20 standard, meaning it can be stored in any EVM-compatible wallet, just like Ethereum (ETH). This will be convenient for users. 
Moreover, since it is critical for the entire ecosystem, there will be no buy or sell tax imposed. Holders have to “HODL” and enjoy capital gains in the ongoing presale. Thus far in stage 1, over 180 million NUGX have been sold, helping the project raise over $180,000. At the end of the presale, considered a top ICO, NUGX is expected to double to $0.02.
>> Buy NuggetRush Now <<
NUGX is soaring and outperforming BNB and ETH because of multiple reasons. NUGX is a low market cap token, which is relatively more volatile and can edge higher faster. Moreover, since holders are optimistic, more investors are exploring the project, adding the token to the ongoing presale, and selling it at a discount.
Beyond liquidity difference, BNB is native to the BNB Chain whose supporter, Binance, a crypto exchange, has been under regulatory scrutiny, especially in the United States. 
The SEC and CFTC are suing the exchange with the former, in particular, alleging that Binance CEO Changpeng Zhao should be investigated for enabling market manipulation and allowing the trading of unregistered securities. 
Since the start of the year, BNB has been declining, finding support at $200, over 65% down from 2021 highs.
Meanwhile, ETH is struggling due to the winter, which saw DeFi and NFT activities plunge. Though there is a market recovery, with the SEC recently approving the first Ethereum Future ETFs, the expansion has been relatively slower.
Ethereum and BNB are some of the most liquid assets. However, crypto, in general, is volatile. While ETH and BNB are lower, emerging projects, including NuggetRush, are rolling out new products that support their native tokens. NUGX could outperform BNB and ETH by the end of the ongoing presale, where prices are expected to double.
Visit NuggetRush Presale Website
Disclaimer: Any financial and crypto market information given on Analytics Insight are sponsored articles, written for informational purpose only and is not an investment advice. The readers are further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Conduct your own research by contacting financial experts before making any investment decisions. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims. We do not represent nor own any cryptocurrency, any complaints, abuse or concerns with regards to the information provided shall be immediately informed here.
Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.
Analytics Insight® is an influential platform dedicated to insights, trends, and opinion from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.
Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions, more information here.

source

Leave a Reply

Your email address will not be published. Required fields are marked *