- Shiba’s Inu’s recent token burns have sparked debates over whether they could boost SHIB’s value.
- NuggetRush’s (NUGX) mining game will allow users to stake their in-game collectibles for higher profit.
Shiba Inu (SHIB) has maintained an increase in its token burns since Shibarium was launched. Yet, analysts wonder if Shiba Inu’s long-term goal of increasing SHIB’s value would be achieved.
The doubters prefer NuggetRush (NUGX) because the latter’s value has grown sharply by round two of its presale. NuggetRush is offering a mining quest filled with multiple financial rewards. Yet, can it outperform other new ICOs to become an investor favorite? Let’s discuss.
Shiba Inu’s (SHIB) Volatility Rises Despite Increased Token Burns
Shiba Inu (SHIB) has been ramping up its token burn rate since mid-August after launching its Shibairum network. Shiba Inu has burned billions of tokens since. Yet, SHIB’s value has been hit with high volatility since mid-November.
SHIB was trading at $0.000007954 on November 1. It jumped by 14.0% to $0.00000907 by November 11. By November 19, SHIB closed at $0.000008686, falling by 4.2%. SHIB’s decline coincides with rising network activity on Shiba Inu’s Shibarium network.
Shiba Inu’s services are also in high demand following its listing on the Robinhood exchange. Some analysts say the continued increase in Shiba Inu’s token burns could spur a bullish rally. If this happens, SHIB could rise by 25.2% to $0.000010868. If Shiba Inu keeps rising, it could become one of the top DeFi projects.
NuggetRush (NUGX): Living Up to High Expectations
The launch of NuggetRush’s blockchain ICO was greeted with high expectations. Many investors expected NUGX tokens to sell out fast, giving the project uniqueness. Thankfully, the project is living up to the high expectations investors have for it.
NuggetRush (NUGX) is all about the world of artisanal mining. It recreates the experience via a hyperrealistic mining rush where gold and other valuable mineral resources are on offer. NuggetRush (NUGX) allows players to earn money for completing mundane and special mining tasks.
The overall aim is to establish a mining operation and make it profitable.
Players are assisted by skilled miners and business experts who come as character NFTs. The game also gives out machinery to players. However, the efficiency of a player’s mining operation depends on the skills of their character NFTs and their machinery.
Thankfully, NuggetRush’s (NUGX) comprehensive marketplace also offers new character NFTs and better machinery. Furthermore, players can convert their game holdings to cash via the platform’s marketplace.
As players complete quests, battles, and ranked play, NuggetRush increases their rewards, thus giving them enough in-game assets to help build wealth. It also allows people to earn money for staking their NFTs. By copying a popular feature of the DeFi industry, NuggetRush could become one of the most popular NFT projects.
NuggetRush’s (NUGX) popularity has soared sharply, although it is in its second presale round. Investors have purchased 48 million NUGX tokens and counting.
Early backers of NuggetRush have also realized a 20% profit as it entered round two of its presale. NUGX’s value is $0.012, but it will soar further. By the next round of its presale, NUGX will rise to $0.013. However, the game will be launched once its value reaches $0.02.