TLDR
- NEAR Protocol is one of the biggest winners this week.
- Pepe declines, joining the list of top losers.
- NuggetRush enters the second round of its presale, with its price jumping by 20% to $0.012.
It has been an interesting week on all accounts in the crypto market. Starting from NEAR Protocol’s (NEAR) explosive growth to Pepe’s (PEPE) decline and NuggetRush (NUGX) moving to the second round of its presale, it was a week to remember.
Continue reading as we give you a rundown of the interesting developments that happened this week in the crypto space.
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NuggetRush (NUGX) Enters the Second Round of Presale
NuggetRush (NUGX) has shown remarkable promise and potential. It is on the initial coin offering list and has moved on to the next round following the success of the first. The price used to be $0.01 in the first ICO round but has jumped by 20% in the second round, which now goes for $0.012 per token.
Nevertheless, we still believe its current price is a steal, considering its significant growth potential. Analysts predict its price will rise by 5,000% after launch, making it the best new crypto to invest in.
You must be wondering, What is NuggetRush? This token stands out in the meme ecosystem because it has utility, making it more valuable. It combines P2E (play-to-earn) gaming and meme, which we believe contributes to the massive participation in its presale.
As a gaming platform, players will enjoy rewards and have fun playing its all-immersive gold-mining game. If you wish to become an early member of this growing community, follow the link below.
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NEAR Protocol (NEAR): The Week’s Biggest Winner
NEAR Protocol (NEAR) is one of the biggest winners this week, printing green. It has also been one of the shining stars in the final quarter of the year and appears to be ending 2023 on a high note. So, what is NEAR Protocol, and how has it maintained an upward trajectory this week?
This project is a layer-1 blockchain. However, it is unique in the sense that it was designed as a community-run cloud computing platform. Not only that, NEAR Protocol eliminates some of the limitations in the blockchain space, including poor interoperability and low speed, as well as throughput.
We believe the rise in the price of NEAR Protocol can be linked to its adoption among developers and projects. With this token set to end the year on the upside, it is positioned as one of the best cryptos to invest in.
Pepe (PEPE): Biggest Meme Loser
In contrast to Near Protocol, Pepe (PEPE) will be ending the week in a decline. The dip in its price doesn’t come as a surprise, considering it skyrocketed this past month.
So, we believe this is a much-needed correction after the substantial rise in its price. Is it still a good crypto to buy? Certainly. The dip in its price doesn’t change the fact that it is one of the top altcoins on the market. Moreover, it presents an opportunity to accumulate more tokens at a cheaper price.
To those wondering what Pepe is, it is a leading memecoin. This means that it lacks use cases but is nonetheless a promising cryptocurrency. We believe Pepe has the potential to outperform popular memecoins like Dogecoin or Shiba Inu. Only time will tell if this will be the case. Till then, we watch.
Conclusion
Exciting developments that happened this week include the surge of NEAR Protocol and NuggetRush entering the second round of its presale. In addition, Pepe experienced a steep decline in its price, which we believe to be a great buying opportunity. In conclusion, these tokens are altcoins to watch out for this year.
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Source: https://www.analyticsinsight.net/crypto-week-in-review-near-protocol-near-skyrockets-pepe-pepe-plunges-nuggetrush-nugx-soars-by-20-after-first-presale-round/