2023-10-31 19:00 |
TLDR:
– Google Bard, an AI chatbot by Google, supports NuggetRush (NUGX), a meme coin project with a play-to-earn game and NFTs, to compete with Dogecoin and other mainstream coins.
– Dogecoin’s first-mover advantage has helped it command billions in market cap, but modern meme coins with added utility are increasingly carving market share.
– NuggetRush has raised over $150,000 in its ongoing presale, and plans to launch a play-to-earn game that incorporates NFTs and user rewards.
Google Bard, an artificial intelligence (AI) chatbot by Google, is backing a new meme coin project with immense utility, NuggetRush (NUGX), to outperform Dogecoin (DOGE), one of the top altcoins, and other mainstream coins in the coming months.
As of October 2023, Dogecoin had the largest market cap by market capitalization in the meme coin category. At this point, it was also among the top 20 coins, dislodging projects like Uniswap (UNI) or Ethereum Classic (ETC).
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Why is Dogecoin Losing Favor?Dogecoin enjoys the first-mover advantage and has taken this to command billions in market cap, drawing top-tier partnerships and celebrity endorsements, including Elon Musk and Snoop Dogg.
However, going by recent trends, some analysts believe DOGE is plateauing.
Accordingly, alternatives, especially modern meme coins led by leaders who believe these tokens can be propelled to new highs if utility is added to the equation, are increasingly carving market share and building a considerable following.
One of the best indicators of waning momentum is analyzing price charts. Although DOGE posted sharp gains in October, rising in tandem with other coins, mainly Bitcoin (BTC), the coin is still down over 60% from 2021 peaks.
At the same time, DOGE bulls are yet to break above key resistance levels registered in July. Considering last year’s dump, even if buyers were to clear this liquidation line, there would still be more for bulls to peel back.
The challenge for DOGE will also be compounded by the rise of stiff competitors and the community’s lack of patience in their quest for profits.
Competition like PepeCoin (PEPE) and NuggetRush are gradually gnawing market share, diverting capital, which diffuses momentum in favor of other potent but other low-cap meme coins.
The Rise And Rise Of NuggetRushNuggetRush (NUGX) is among meme coins that investors are closely tracking. This is primarily because its creators strongly believe in decentralized and functional projects, and this has provided value for NUGX, as seen by the expanding demand in the ongoing presale.
Thus far, over 15 million NUGX tokens have been sold each at $0.010 in stage 1 of the presale, a top ICO in October 2023. From this figure, NuggetRush has raised over $150,000– and is fast rising. NUGX will eventually list at $0.02 on launch, a 100% increase; a reason why some investors say it is the best crypto to invest in now.
This surge is expected–and could even exceed expectations looking at the project’s roadmap and overall market status. NuggetRush plans to launch a play-to-earn game wherein it will also develop an ecosystem of rewards for its users.
Since its game is on-chain, the project is also roping in non-fungible tokens (NFTs) for its players.
These unique assets and characters can be customized and traded in the peer-to-peer (P2P) marketplace. At the heart of NuggetRush is NUGX, which is used as a governance and utility token.
The token uses the ERC-20 standard set by Ethereum and is deflationary. By gradually taking tokens out of circulation, prices could rise.
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ConclusionGoogle Bard’s endorsement of NUGX means the emerging meme coin is a crypto to buy in 2023 and beyond, especially as the market recovers. Dogecoin will likely continue maintaining its status but grow slower than its competitors.
On the other hand, NuggetRush (NUGX) already has a vibrant community, most of whom are drawn by the project’s innovation and growth potential. These factors may support NUGX, propelling it ahead of DOGE.
Visit NuggetRush Presale Website
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Google Bard Predicts This New Meme Coin Will Offer More Gains Than Dogecoin appeared first on CaptainAltcoin.
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