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TLDR:
- LUNC and NUGX are two tokens that are likely to floor Dogecoin in the race to $1.00 in the coming year
- LUNC is a spectacular case study perfectly illustrating crypto’s possibility and volatility that cuts both sides
- NUGX aims to launch a play-to-earn (P2E) game centered on building an ecosystem of rewards
- Analysts expect NUGX to surge above the $0.02 listing price once it launches on leading crypto exchanges
The race to the elusive $1.00 mark is always in perpetuity, especially from projects that tore the ceilings when asset prices ripped higher in 2021.
As most recover from the carnage resulting from the 2022 meltdown, crypto holders are looking for ways of bolstering their bottom lines, with most exploring potent projects that can outperform Bitcoin (BTC)—the best crypto for beginners– and other top crypto coins.
In this quest for perfection, some have focused on Terra LUNA Classic (LUNC) and the low micro-cap upstarter in Nugget Rush (NUGX). These tokens are cheap at spot rates and look likely to floor Dogecoin (DOGE) in the race to $1.00 in the coming sessions.Â
To illustrate, while Dogecoin has been struggling with gains in November, NUGX and LUNC are up double and triple digits, with analysts expecting even more in the weeks ahead.
Summary
Revival in the Luna Ecosystem
That LUNC is on focus is surprising. Considering the devastation that followed when the once $40 billion LUNA ecosystem tumbled in 2022, it appears to be a contrarian pick. As it is, LUNC is a spectacular case study perfectly illustrating crypto’s possibility and volatility that cuts both sides.
LUNC is a token that emerged after the dust settled on Do Kwon’s LUNA and UST ecosystems. After crashing to near worthlessness in May and UST depegging, project believers wasted no time reviving LUNA’s variant, LUNC.
Over the past several months, LUNA believers have been pumping millions of dollars into LUNC, helping revive the project from capitulation lows below $0.000001 – an astonishing 99.9% from LUNA’s $100 it reached in 2021.
Though heavily discounted at spot rates, LUNC is up by over 110% from October 2023 lows, and is now one of the top crypto to buy. Several factors are spurring this uptrend, including the listing of USTC perpetual contracts on Binance, the world’s largest crypto exchange.
Additionally, the project’s aggressive burning mechanism has supported prices.
The uptrend is further supported by the broader expansion across the crypto, which has seen low market cap altcoins like LUNC rising by multiples, outperforming BTC and other coins with deeper liquidity.
The Rise and Rise of Nugget Rush
While LUNC aims for the sky, Nugget Rush supporters are heavily doubling down on NUGX. In the ongoing presale, the token has not only soared by double digits, rising from 0.01 USDT in the initial round but is now up to 0.013 USDT in round 3 of the presale.
The spike in NUGX prices in the presale stems from multiple factors, most of which are independent of how the crypto market performs–though improving sentiment is helping funnel demand.
Nugget Rush aims to launch a play-to-earn (P2E) game centered on building an ecosystem of rewards. This system places the player at the center while integrating aspects of decentralized finance (DeFi) and non-fungible tokens (NFTs) to spark activity.
Moreover, the project charges zero buying or selling tax. NUGX holders can participate in governance, voting on proposals forwarded by the community.
The same token can acquire some of the ecosystem’s top NFTs from the internal peer-to-peer (P2P) marketplace. This design is deliberate and meant to improve engagement and gamer’s user experience.
Since the project is client-facing, Nugget Rush’s team of developers is known. Moreover, its smart contracts have been audited by SolidProof. Eventually, the team will renounce its smart contracts, allowing the community of NUGX holders to take control.
For what Nugget Rush presents, analysts expect NUGX to surge above the $0.02 listing price once it launches on leading crypto exchanges. Over time, and considering its lower liquidity, supporters forecast the governance token will reach $1.00 ahead of Dogecoin.
Conclusion
Dogecoin remains the world’s most liquid meme coin, endorsed by Elon Musk. There might be more gains for DOGE ahead of Astrobotic lifting the first physical Dogecoin to the moon in late December 2023.
Even so, LUNC and NUGX could build on strong Q4 gains, pushing closer to $1.00 as investors opt for low market cap projects with higher upsides than DOGE.
Nonetheless, it is still possible for DOGE to reach $1.00 before other coins if it goes viral as the first meme coin in 2024.
Visit NuggetRush Presale Website
*This article was paid for Cryptonomist did not write the article or test the platform.
