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Shiba Inu and BONK face declines amid the crypto market’s volatility, while NuggetRush, launching an inventive mining game, captures growing interest.
Shiba Inu (SHIB) is preparing for a new update that involves its metaverse and the TREAT token. BONK has also recorded a significant decline in mid-March.
NuggetRush prepares to launch a pioneer mining game where players enjoy NFT staking and access to real gold. Its P2E adventures revolve around artisanal mining. Yet, can it become one of the best DeFi projects? Read on.
Shiba Inu community excited over new update
Shiba Inu (SHIB) has disappointed investors with its recent decline. After the market bullishness of early March, Shiba Inu rose to a 24-month high. Its market capitalization also soared incredibly amid growing whale activity. However, Shiba Inu (SHIB) has fallen shortly after Bitcoin’s recent price correction.
SHIB traded at $0.000009417 on February 10. It jumped by 24.6% to $0.00001174 on February 28. SHIB then surged by 200.8% to $0.00003532 on March 8. However, SHIB’s price was corrected by 16.4% to $0.00002952 on March 17.
Shiba Inu could rise further due to excitement around an upcoming update announced by one of the team’s officials. On March 17, one of Shiba Inu’s marketing officials announced big network plans involving its metaverse.
She also mentioned that Shiba Inu’s TREAT token is part of the development. Analysts say increased network activity on Shiba Inu could push SHIB’s value up by 35.2% to $0.00003994.
BONK falls despite its growing network activity
The recent expansion of Bonk’s ecosystems has failed to stop its price fall. BONK, like several Solana meme coins, had soared in early March. However, the recent price correction has caused an $800 million decrease in Bonk’s market capitalization.
As of February 8, BONK traded at $0.00001035. It increased by 19.7% to $0.00001239 on February 20. BONK jumped by 102.5% to $0.00002509 on March 1. It grew by another 35.4% to $0.00003399 on March 9 before a 17.0% decline to $0.00002821 on March 17.
BONK’s network activity has grown in March. On March 15, its native Bonkbot announced a daily trading volume of $79.8 million. Its network fees have also soared to an all-time high (ATH). Analysts expect BONK’s network to keep expanding, possibly pushing its value up by 38.2% to $0.00003899.
NuggetRush aims to transform crypto gaming
NuggetRush’s blend of video gaming and P2E rewards has caught the crypto market by surprise. At a time when investors are increasing their focus on blockchain games, NuggetRush has revealed plans for a standout P2E gaming experience. NuggetRush centers around exciting mining challenges that require both adventure and entrepreneurship skills.
At the heart of NuggetRush sits a meme coin ecosystem that celebrates the culture of artisanal mining. It provides a play-to-earn game that offers multiple wealth-staking opportunities. Gameplay on NuggetRush requires becoming a mining entrepreneur. The game offers the requisite assets needed to start and run a mining business.
Monetary value is created for players when they sell assets on NuggetRush’s marketplace. The game also rewards players with extra NFTs and game funds for completing mining tasks and objectives. Furthermore, gamers are free to stake NFTs instead of selling them. APY rewards for NFT staking are attractive, going as high as 20%.
NuggetRush’s presale count has exceeded 240 million, causing excitement among its community members. Furthermore, the drive to join its ecosystem is rising as its blockchain ICO winds to a close. NUGX’s value is pegged at $0.019.
Yet, it is expected to jump to $0.020 very soon. After this increase, NUGX aims to get listed. Furthermore, it is poised to become one of the top altcoins if its bullish momentum remains high.
To learn more about NuggetRush, visit the NuggetRush presale website.
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This article first appeared at crypto.news
