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Spot Bitcoin ETF jitters force Dogecoin and Shiba Inu lower, this alternative is solid

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  • Dogecoin, Bitcoin, and Shiba Inu are entering a cooling period following the initial surge after historic ETF approval.
  • NuggetRush (NUGX) continues to surge in its presale, raising over $1.6 million with its vision for the crypto gaming scene garnering interest.
  • Dogecoin and Shiba Inu (SHIB) are pure meme coins, while NUGX seeks to revamp the meme coin sector. 

The United States Security and Exchange Commission (SEC) caused waves among crypto traders by approving the first Bitcoin ETF on Jan. 10, 2024. This news caused the expected market rush, but Dogecoin (DOGE) and Shiba Inu (SHIB) corrected towards the end of the week.

Dogecoin and Shiba Inu are purely speculative memecoins. Meanwhile, NuggetRush (NUGX) seeks to transform the meme coin sector. It has raised over $1.6 million in a few weeks of its presale to further this vision.

In any crypto for beginners class, Dogecoin must come up for its pivotal role in popularizing this idea. NuggetRush is here to elevate this sector by adding more dimension to memecoins. 

The initial bump crypto markets received from the spot Bitcoin ETF approval is receding. Dogecoin hit highs of $0.0088 right after the news broke and has since corrected to pre-ETF levels.

Traditional memecoins like Dogecoin occupy a unique position in the market. The coin only relies on notoriety to thrive.

Such memecoins can only benefit from market hype. Accordingly, Dogecoin and Shiba Inu’s fortunes can change like the direction of the wind. It can be the best cryptocurrency today and the worst investment tomorrow.

The era of pure memecoins peaked in 2020. Dogecoin’s tremendous rise coincided with a historic bull market that catapulted several altcoins to international prominence. 

Shiba Inu copied Dogecoin’s model to the tee. However, it never became the Dogecoin Killer it sought to be. The notoriety was still enough to propel both to become some of the top crypto coins in the industry.

As of Jan. 13, Dogecoin and Shiba Inu have lost 5-10% of the bump gained after the announcement. 

NuggetRush raises over $1.6 million

The NuggetRush presale has raised over $1.6 million owing to its broad and innovative vision. 

NuggetRush is a play-to-earn (P2E) game that creates a community keen on earning through gaming. This project is not merely a speculative memecoin but ensures users earn through gameplay. 

As of Jan. 13, the presale has sold over 149 million tokens distributed to presale participants. 

The presale takes place in several rounds with price increases that ensure early presale participants gain the most. Accordingly, the earliest investors have realized a 50% profit at the current price of $0.015 USDT in round 4.

NuggetRush’s NFT model comprises collectibles, staking NFTs for 20% APY in NUGX, and the unique opportunity to redeem rare NFTs for actual gold.

Early presale participants shall receive 100% of their initial investments before the token is listed on major exchanges. 

NuggetRush has the bold vision of combining the popularity of meme coins with Ethereum’s utility and secure enterprise blockchain. 

Conclusion

The impact of regulatory approvals on crypto markets will continue to unfold. Altcoins like Dogecoin and Shiba Inu experience the highs and the lows of such movements in the market to the extreme. 

NuggetRush looks to create organic growth by building a vibrant community. Getting NUGX prices to depend on platform utility is a better long-term strategy than taking up what existing memecoins have done without a change. 

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.


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