Investors Rush to Buy Shiba Inu Rival Nuggetrush Presale Before 20% Price Increase

In crypto, big money can be made by those who don’t waste time.

And looking at performance charts, there appears to be one colossal shift: More Shiba Inu (SHIB) holders are turning to a new crypto project, NuggetRush (NUGX), currently conducting its presale; already considered to be an ICO in 2023.

The Great Paradigm Shift: Investors Exploring NuggetRush

The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice

That users tend to explore emerging projects is nothing new. However, what’s unique to NuggetRush (NUGX) is the level of interest since the project announced its decision to crowdfund, turning to the broader crypto community for support.

As of late October, the project has raised over $165,000 in USDT, the world’s most liquid stablecoin, dispensing over 165 million NUGX to early adopters.

NUGX oils the entire NuggetRush ecosystem and anchors some of the project’s key functionalities. As expected, with an ERC-20 coin like NUGX, it will serve as the primary utility token for paying fees. 

At the same time, considering how decentralized the project is, NUGX holders will, as the protocol evolves, be free to vote on proposals, directly participating in shaping the platform.

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The Exodus from SHIB to NUGX

The rising demand and preference of NUGX over SHIB stems primarily from the performance of the former. Looking at the ongoing presale, early adopters who are currently buying the token at 0.020 USDT are expecting a 20% increment as the presale enters Stage 2.

Holders don’t have to do anything but hold their tokens, not speculate like currently is the case with other meme coins, which SHIB features prominently.

SHIB tanked 40% from August highs before stabilizing in September and October. Were it not for the general revival in the crypto market, spearheaded by Bitcoin (BTC), SHIB would have likely dumped lower.

Less than a month after initiating the NuggetRush presale, the token has been available at a considerable discount, an opportunity that value investors have taken advantage of, and prices will rise 20% in the next phase.

The project developers expect NUGX to eventually 2x by the end of the presale, a reason why the token can be a top crypto to buy in Q4 2023. On launch, every token will be available for 0.020 USDT, likely outperforming SHIB, looking at the candlestick arrangement in the daily chart.

Shibarium Didn’t Help SHIB Bulls

Besides the outlier in August when SHIB broke higher due to the hype around Shibarium, prices have been moving tightly within a very narrow range from June 2023. Shibarium, a Layer 2 scaling solution forked from Polygon, was expected to drive SHIB. This didn’t happen despite being hyped as a good crypto to buy.

Days after the welcomed launch, prices fell sharply, worsened by the market-wide market conditions in mid-August 2023. On Aug. 17, SHIB, like Bitcoin (BTC) and Ethereum (ETH), crashed double-digits, forcing prices back to June 2023 lows.

In the current formation, it will take a lot of interest for SHIB to 2x in the coming months, partly because of rising competition and the dwindling interest in legacy high-cap meme coins, which traders believe have limited upsides. On the other hand, NUGX is still being developed and has a lower market cap.

As history shows, tokens with lower market cap tend to rally hard when markets are in an uptrend. Presently, analysts expect the crypto assets to recover after the crash of 2023. 

Accordingly, if BTC and ETH prices expand toward 2021 highs, traders who positioned themselves with NUGX will likely benefit more than holders of SHIB or even Dogecoin (DOGE).

Conclusion

In the upcoming rally in 2024, NuggetRush supporters are adamant that NUGX bulls will be further pumped by the unique approach the meme coin project has adopted. 

Unlike others like PepeCoin (PEPE), NuggetRush is adding utility to meme coins and will release a play-to-earn (P2E) game where players can win top NFTs, some of which can be redeemed for real gold. 

At the same time, players are free to create custom NFTs and trade them on the peer-to-peer marketplace (P2P). Combined, this could explain why some SHIB holders are taking their chances with NUGX.

Visit NuggetRush Presale Website