Memecoin (MEME) is on a downward trend since its launch last week. It has dropped 30% from the initial launch price of $0.0287 to a current price of $0.019. It has a total supply of 69 billion and 8.79 billion tokens are already in circulation.
Developed by the Web3 venture studio Memeland, MEME’s dip comes despite backing of the Memeland ecosystem and a 25% token allocation for early adopters.
As the losses may mount further, investors are on the lookout for alternative meme coins with a potential to cover the losses. Here we will discuss the three meme coins that are not just about virality but also bring utility. They are: Nugget Rush (NUGX), Floki (FLOKI), and Shiba Inu (SHIB).
Nugget Rush is Striking Gold in Presale
NuggetRush is a new ICO in the meme coin market with a strong presale performance. It has raised $330,000 to date. This solid foundation shows the trust of its early backers. Launched at an initial price point of $0.01, NUGX has already seen a 20% increase as it enters round two of its offering.
The launch price is $0.02. To avoid volatility which is often seen with new coins, Nugget Rush has implemented a vesting strategy. This is done to stabilize its market entry and get growth over time.
A vesting period in cryptocurrency is a pre-set timeframe during which early investors cannot sell their holdings. This process is designed to prevent large, sudden sell-offs that could negatively impact the coin’s price and market confidence.
FLOKI is Meme Coin With a Vision
FLOKI stands out in the meme coin world as a project with depth and vision. Unlike typical meme coins, Floki has established a comprehensive ecosystem that extends beyond witty social media posts. It’s a top crypto coin with a range of utilities from a 3D NFT Metaverse named Valhalla, to educational platforms.
Floki isn’t just a meme coin that’s built on hype and speculation. It has its own merchandise store with strong encryption from DeFi protocols.
Shiba Inu Rules Meme Coin Arena
Shiba Inu has risen from a playful meme token to a formidable player in the cryptocurrency space. It is also known as the “Doge killer,” and made a name for itself in the competitive meme coin market.
It is a very popular token and the second largest meme coin. Shiba Inu has developed a robust ecosystem that includes the ShibaSwap exchange.
It has also launched an NFT art incubator on the Shibarium blockchain. Its impact extends beyond investment, as it spurred the growth of a decentralized ecosystem with its own exchange. This canine-themed coin has encouraged mainstream crypto adoption in the digital currency landscape.
As Memecoin’s value dips, investors are eyeing alternatives. Among the meme coin contenders, Nugget Rush (NUGX) stands out with its strong presale and promising Play-to-Earn platform. Floki and Shiba Inu also offer diverse ecosystems and passionate communities.
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