PEPE and Shiba Inu Experience Rising Trends, While NuggetRush’s Presale Attracts Investor Attention
Demand for meme coins is rising, causing a PEPE surge in February. The recently concluded NFT launch on Shiba Inu (SHIB) is also dominating crypto news.
Yet, NuggetRush (NUGX) could replicate the massive growth of Decentraland after selling over 203 million tokens in its presale. Other new ICOs are still well behind NuggetRush’s performance. Yet, is NUGX worth the hype? Join us as we discuss.
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The ongoing market rally has spurred bull runs for top altcoins in the meme coin sector. Pepe has recorded a sharp increase amid excitement over Bitcoin’s surge. Some analysts were surprised by Pepe’s growth as meme coins faced significant declines in investor sentiment in mid-January.
PEPE traded at $0.000001144 on January 14. It fell by 19.9% to $0.0000009162 on February 1. PEPE recovered by 17.9%, reaching $0.000001081 on February 12. Over two weeks later, PEPE soared by 145.3% to $0.000002652 on February 27.
Pepe’s market capitalization has risen by nearly $700 million in the last two weeks of February. Analysts expect this trend to continue due to the growing demand for Ethereum-based meme coins. If investor expectations come true, PEPE could reach $0.000002999, growing by 13.0%, and becoming one of the fastest-growing altcoins.
NFT activity on Shiba Inu (SHIB) could take a new dimension following the successful launch of Sheboshi. Shiba Inu’s community celebrated the decision widely, as it represented an expansion of the meme coin’s utilities. Furthermore, the excitement around Sheboshi NFTs coincided with Shiba Inu’s (SHIB) market recovery.
As of January 17, Shiba Inu’s SHIB token traded at $0.000009516. It fell by 5.3% to $0.000009005 on January 28. SHIB fell again, dropping by 1.5% to $0.000008864 on
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