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Meme coins are more volatile than regular crypto.
Risitas Coin (RISITA) surged by over 120,000%, while NuggetRush is also gaining attention.
NuggetRush plans to add value to the meme coin industry by launching a differentiated play-to-earn (P2E) game where players are prioritized.
Its native NUGX ERC-20 coin is considered one of the top crypto coins in November and will be used as a medium of exchange.
Crypto is volatile, but this is taken a notch higher when it comes to meme coins. These tokens, inspired mainly by internet memes or, sometimes, humorous trends, of which there can be thousands at any given time, are explosive, often surging by hundreds and, sometimes, hundreds of thousands.
Their tendency to register humongous gains, outperforming top cryptos to buy like Bitcoin (BTC) or the first of their type, Dogecoin (DOGE), could explain why the meme coin industry continues to swell as enthusiasts sense opportunities.
Amid strong Bitcoin prices, RISITA broke the crypto scene when it roared by an impressive 120,000%. The meme coin, Risitas Coin (RISITA), named after the famous Spanish comedian Juan Joya Borja, surged from $0.000000000089 to a staggering $0.0001066, an increase of over 120,000% in Q4.
Amid this, NuggetRush (NUGX), another meme coin aiming to add more value to the industry, continues to edge higher. Increasingly, more crypto investors are exploring the project, with some looking at its value propositions and considering NUGX, the platform's ERC-20 coin, in their portfolios.
As the crypto industry turns the corner and meme coins return to investors' focus, the question remains: Will RESITA followers ape into the "more serious" NUGX? And, Is NuggetRush worth investors' time?
As mentioned earlier, RESITA is on a tear, soaring by over 120X. The problem with this surge is that only a few early investors, possibly the team and adopters, were the primary beneficiaries.
It is easy to see why: there are now tens of thousands of crypto projects, and more meme coins are being launched daily. Consequently, picking winners out of the thousands is purely luck.
Nonetheless, even with RESITA rallying, timely investors got wind of the surge and perhaps got a share of the cake. With expanding prices, hard questions are being asked: Will the uptrend be sustained?
Looking at the historical performance of PepeCoin (PEPE), for example, the upside will likely fade. Though the team has renounced the project's smart contracts, like PEPE, it exists only for entertainment purposes.
A portion of RESITA will benefit the comedian's family. Other than plans for a CEX listing, which may further pump prices; there is no major activity on their roadmap.
What NuggetRush is and plans to do is different, considering that NUGX is still considered a meme coin and the best crypto to invest in today.
Though RESITA is already up 120X, NUGX holders and NuggetRush project supporters are bullish.
At the core, NuggetRush plans to ride the meme coin wave but, while doing so, add value to the multi-billion dollar industry.
It only makes sense. To do this, NuggetRush is deploying on the Ethereum mainnet and plans to launch a differentiated play-to-earn (P2E) game where players are prioritized.
The platform's native NUGX ERC-20 coin, considered one of the top crypto coins in November, primes the NuggetRush ecosystem.
The token will be used as a medium of exchange. This utility means all in-game items presented as NFTs and listed on NuggetRush's peer-to-peer (P2P) marketplace will be bought or sold using NUGX.
Moreover, the same NFTs can be staked for NUGX rewards. To add more appeal to the token, it is deflationary.
Accordingly, more tokens will be taken out of circulation gradually, possibly supporting prices in the long term. Some of NuggetRush's rare NFTs will also be swapped for physical gold, delivered straight to the player's doorstep.
In round 3 of the ongoing presale, NUGX is trading at 0.013 USDT. Now is the time to jump into the world of NUGX.
RESITA's surge is a reminder that crypto and meme coins are volatile. While opportunities can be explored and capitalized, doing due diligence can help protect the investors' bottom line.
NuggetRush appears to be a solid project, with some analysts banking NUGX as one of the best cryptocurrencies for beginners. Given its potential, NUGX could be the next token to surge, even outperforming RESITA in the coming months.
NUGX is currently available at a discount in the ongoing presale, considering that the token will be listed at 0.02 USDT on mainstream exchanges.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
