TLDR
- The broader crypto community now gravitates toward meme coin investments, proving that sometimes humor and creativity can go a long way in the blockchain space.
- NuggetRush operates on a foundation of real-world utility and advanced blockchain gaming, and this proposition draws investors to its presale.
- There has been dominant buying momentum across the Dogecoin and Pepe markets as their respective whales inject large sums.
According to CoinMarketCap, the top meme tokens in the DeFi crypto list are worth $17.8 billion by market capitalization alone, and the value keeps rising as more innovators aim to fuse functionality and fun into the blockchain space.
In 2022, some prominent meme coins declined well from their previous peaks.
Recent events, however, show an uptick on course with Dogecoin (DOGE), Pepe (PEPE), and a new entrant, NuggetRush (NUGX), leading the way and attracting whales across the crypto divide.
As we wrap up the third quarter of the year, the meme coin season continues, and these top crypto coins have surprised skeptics and offered investors a glimpse into the potential meme cryptocurrencies.
NuggetRush is a community-owned play-to-earn (P2E) game that incorporates real-world earnings, and investors are flocking to its ongoing blockchain ICO to harness its utility. Let’s look closely at these cryptos leading this meme coin season.
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NuggetRush (NUGX) Reshapes The Future of Play-to-Earn Gaming
NuggetRush offers a platform where cryptocurrency, gaming, earning, and social impact all interlink. It forms the foundation of a revolutionary P2E blockchain game that smoothly integrates real-world artisanal mining while actively making a worthwhile difference in the lives of artisanal miners in underdeveloped countries.
Every digitally mined gold nugget in the game is linked to tangible rewards like gold and cash in real-time, resulting in a thrilling and lucrative adventure.
The NuggetRush players can earn from the gaming characters that double as collectible non-fungible tokens (NFTs). Players can customize an avatar NFT for themselves, which they can decide to sell or trade for in-game assets.
These NFTs can also be staked to get interest with an annual percentage yield (APY) of up to 20%. These rewarding features of NuggetRush boost user engagement and make it one of the top crypto coins, offering many benefits that exceed speculative trading.
As the season of growth for notable meme coins continues, NuggetRush’s blockchain ICO is included, as it has registered the sale of about 34 million NUGX tokens. The presale is in its second round and has sold 52% of the tokens allocated for this round in a few days at $0.012 per token.
This project’s outlined roadmap and milestones propel it towards its $100 million market cap goal, adding to the growing dominance of meme coins.
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Dogecoin (DOGE) Whales Inject $2 Billion in 30 Days
Dogecoin has seen gains of 26% in a 30-day timeframe, but the rally may be far from over. On-chain data has revealed that large DOGE addresses have added more than $2 billion in the past month. Typically, a significant increase in whales’ holdings indicates large institutional investors’ confidence in DOGE’s price prospects.
IntoTheBlock’s Order Books metrics reveal that the recent demand for DOGE coins by even retail buyers on various crypto exchanges is relatively lower than the supply. The fact that there are more buy-orders than sell-orders indicates the positive sentiment around Dogecoin, and a larger injection of capital into Dogecoin could impact its price.
Pepe’s (PEPE) Price Propels to 3-Month Highs
The popular meme coin PEPE is gaining traction and heading towards a bullish run, indicating potential benefits for investors this meme coin season.
On October 9th, the meme coin’s price recently passed the $0.0000014 level, reaching its highest point in 3 months. Pepe‘s price has propelled in the last month by over 100% due to the bullish sentiment circling in the crypto market.
Whale transactions involving at least $100,000 in PEPE increased by over 50% in the past 48 hours. Santiment data also reveals that the meme coin has recently experienced a notable increase in social media presence, contributing to Pepe‘s price hike.
Conclusion
Dogecoin, NuggetRush, and Pepe are three cryptos leading the way in the DeFi crypto list as this meme coin season continues. Dogecoin and Pepe are already well-known, and their whales’ accumulations are making them hit the headlines again.
Still, NuggetRush (NUGX) is also breaking into the scene, thanks to its thrilling offerings and added utility. For this reason, more investors are exploring the project, with some considering NUGX as they diversify their portfolios.
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The post Meme Coin Season Continues With Dogecoin (DOGE), NuggetRush (NUGX), and Pepe (PEPE) Leading The Way appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/meme-coin-season-continues-with-dogecoin-doge-nuggetrush-nugx-and-pepe-pepe-leading-the-way/