Chainlink Flips Dogecoin after 33% Month Rally

TLDR

• Chainlink displaces Dogecoin for the tenth spot among the top cryptocurrencies by market capitalization.
• Dogecoin experiences declining trading volumes and investor interest.
• NuggetRush nears the presale end, having raised over $2.2 million.

Altcoins are constantly battling for the top position on the decentralized cryptocurrency list. Recently, the high-performing token Chainlink (LINK) has climbed up a rung on the crypto list, displacing the top meme coin, Dogecoin (DOGE). This move put Chainlink among the top ten cryptocurrencies, increasing investor interest in the token. 

Investor interest in Dogecoin is declining as trading activity on the network dips. A top analyst has pointed out two relevant metrics that offer more insights into this downtrend. Another token in the parallel market, NuggetRush (NUGX), is rallying as its presale takes off, offering investors massive opportunities to claim exciting rewards. The project provides gaming capabilities on the blockchain, merging GameFi and impact gaming into fun gameplay in the metaverse. This article explores these altcoins and their paths ahead of the upcoming cryptocurrency bull market.

>> Buy NuggetRush Now <<

NuggetRush (NUGX): Exciting Blockchain Gaming

Gaming enthusiasts can combine their love for gameplay with compelling opportunities to earn big rewards from the best DeFi project while enjoying a gold rush in the metaverse. NuggetRush stands out with its unique model that merges GameFi and play-to-earn (P2E) gaming, adding a memetic allure to the experience. This upcoming meme coin has topped the decentralized cryptocurrency list, with impressive utility that could make it exceed Dogecoin someday.

The NUGX presale is witnessing massive adoption as its tokens are being purchased rapidly. The presale has marked impressive milestones, raising over $2.2 million and selling about 177 million tokens. The presale is in the last of five rounds and is currently selling at 0.018 USDT apiece. Less than 18% of the tokens allocated to the presale remain. NuggetRush offers about an 11% increase for investors who purchase NUGX tokens ahead of the launch, projected to be at 0.020 USDT. 

Unlike most altcoins with a memetic approach, this token offers other exciting features that give it the potential to outshine even top players. With a staking mechanism that rewards NFT holders with up to 20% APY and the chance to exchange rare RUSHGEM NFTs for real-world cash and gold delivered to players’ doorsteps, this token guarantees a unique and immersive experience. With these features and a promising game to boot, NuggetRush stands out as one of the best DeFi projects to acquire in 2024.

>> Buy NuggetRush Now <<

Chainlink (LINK): Rising to Prominence

Chainlink has been gaining in the market recently, causing investors to turn their eyes to this project. Following its significant 33% pump in the past week, the token displaced the top meme coin, DOGE, claiming a position among the top ten crypto coins. This increase is due to enhanced adoption, investor interest, and the whale accumulation of LINK tokens. 

According to on-chain data, Chainlink has been experiencing consistent whale accumulation. Over the past five days, a single whale has accumulated over 4.5 million LINK tokens worth $83.6 million, as recorded by Lookonchain. The decentralized oracle network is witnessing more significant exchange outflows compared to inflows. The exchange metric from IntoTheBlock shows outflows of about $282.6 million compared to inflows of $154.89 million worth of LINK.

Dogecoin (DOGE): Reduced Liquidity

Dogecoin has dipped in the market, conceding its position among the top ten cryptocurrencies to Chainlink. This event is mainly due to the decline in its trading activity noted by top analyst Ali on his X account. He pointed to two on-chain metrics, transaction volume and whale transaction count, saying that a decline in these two metrics is affecting the market capitalization and value of the DOGE token.

Ali’s analysis of the Dogecoin chart revealed a drawback of these metrics towards deficient levels. The low transaction volume indicates reduced interest from traders. In contrast, the low whale transaction count specifically shows that wallets holding at least $1 million worth of DOGE are experiencing declining transaction volume.

Conclusion

The crypto market continues to change, with several tokens enjoying increased interest and others suffering reduced volatility. Chainlink flipping Dogecoin indicates heightened interest in the token, and its recent pump explains this growing interest and whale accumulation. NuggetRush is also having a great presale. The ICO is in its last stages and is set to pump as investors anticipate its launch soon.

Visit NuggetRush Presale Website