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TLDR:
- Avalanche crypto has increased by 40.2% in the past week.
- Floki’s social dominance has dropped, pushing prices down 27.0%.
- Investors are moving to NuggetRush, a new meme coin that has added gaming utility to its meme coin status.
Avalanche price climbed as high as 40.2% over the past week, a sign of renewed momentum in the market. Meanwhile, the social dominance of Floki has dropped, leading to a notable 27.0% decrease in its price.
As investors seek alternatives, many are turning their attention to NuggetRush, a new meme coin that offers real utility. This utility makes it one of the best altcoins to buy right now.
Summary
Avalanche (AVAX) Bulls Return To the Market
Avalanche (AVAX) bulls had reawakened after a short period of price correction. Per CoinMarketCap, Avalanche price has increased 40.2% in the past week to a peak of $62.12 from a low of $44.06.
Apart from the weekly gains, the monthly and yearly increases have reached 49.4% and 238.1%. Now that bulls have regained control of the market, investors are expecting a pump to $81.62 and $112.78 in the coming months. Avalanche’s technical indicators were bullish, before its new price correction of $52.03 as the market starts to turn red.
The MACD was in favor of buyers as it showed a bullish advantage in the market. However, if the market sentiment changes, the altcoin price could decline to lower levels. In that case, Avalanche crypto has support at $52.92, $47.85, and the strongest at $45.17.
Floki (FLOKI) Social Media Dominance Drops
Floki Inu (FLOKI), a top meme coin, experienced a huge rally of over 530% in the first part of March 2024 as it joined the best-performing altcoins in the market. Meanwhile, the Floki rally started after its token burn and increased bullish comments on social media.
However, on-chain data trends reveal that Floki is losing its social media hype, like other meme coins. Sanitment’s Social Dominance chart showed that Floki’s social media mentions have been dropping since March 9th. A look at Floki’s price chart confirms the drop in the social media hype.
According to CoinMarketCap, Floki’s price had dropped 27.0% from a weekly high of $0.000303 to a low of $0.0002074. This shows that FOMO has dropped, and investors are moving to alternate projects like NuggetRush, which features a meme coin with utility.
NuggetRush (NUGX) Blends Meme Coin and Gaming Utility
NuggetRush (NUGX) is more than a typical meme coin; it is a gaming token. It introduces an engaging mining adventure game where individuals can establish and manage their mining operations. Using NFT technology, NuggetRush bridges the gap between entrepreneurs and artisanal miners.Â
This creates an active mining game ecosystem and makes it one of the best DeFi projects today. The challenges that players encounter within the game involve constructing mining infrastructure such as shafts and tunnels and searching for and digging for valuable mineral resources with the use of special equipment.
NuggetRush methodology improves the gaming process and provides various ways to receive rewards. Additionally, NuggetRush’s NFT marketplace allows users to trade resources and in-game assets. Also, another positive attribute of NuggetRush is the community based approach.
This promotes teamwork, and players can enter into mining partnerships to improve efficiency and rewards. NuggetRush has sold more than 238 million NUGX tokens during its crypto ICO. At $0.019 as of now, early buyers have enjoyed a 90% ROI. The analysts predict NuggetRush will generate a return of 1,000% by the end of 2024, thereby putting it as the top crypto to invest in now.
Conclusion
NuggetRush is one of the best alternatives that investors can consider, with an outlook in the long term and utility. NuggetRush, as a combination of meme coin culture and gaming utility, provides a good opportunity for those who want to profit from the play-to-earn gaming trend. It has the potential to outpace representatives of Floki and Avalanche soon, as per analysts.
Visit the NuggetRush Presale Website
*This article was paid for. Cryptonomist did not write the article or test the platform.
