- Nearly 90 million SHIB tokens were removed from circulation on a 24-hour scale.
- Gloves worn by UFC fighters will soon be tokenized and their identities tracked on the VeChainThor network.
- NuggetRush presale has raised over $3.8 million.
Shiba Inu’s (SHIB) burn rate exploded by almost 50,000% on April 11, destroying about 90 million tokens. This dramatic number is reflected in a noticeable reduction in the token’s overall supply, fueling speculations of potential price increases shortly. Also, the crypto community’s focus is shifting to potential investment opportunities that can yield significant gains in this second quarter of the year (Q2).
Amid these developments, two top picks emerged for smart investors: NuggetRush (NUGX) and VeChain (VET). NuggetRush’s thriving presale is only one of its allures. Investors are drawn to its attractive gamification model, a rare feature for a memetic token on the initial coin offering list. Also, VeChain has announced another technological leap deal with UFC (Ultimate Fighting Championship).
The following section covers why NuggetRush and VeChain are top altcoins that smart investors are eyeing for their portfolios in Q2.
NuggetRush (NUGX) Presale: Fueling GameFi Transformation
The NUGX presale has garnered more attention by recording sales of over 270 million tokens. It’s in the launchpad round, just before its launch, and NuggetRush is experiencing an influx of smart investors seeking to benefit from its offerings. Also, over $3.8 million has been raised, surpassing buyer expectations.
NuggetRush trades at a DeFi coin price of $0.02, a 100% increase from its initial cost of $0.010. The project surpassed its initial hard cap of 270 million tokens, a testament to its rising appeal among investors. NuggetRush’s listing is near with a proposed DeFi coin price of $0.020 on exchanges, alongside its play-to-earn (P2E) game unveiling.
NuggetRush‘s P2E model uses non-fungible tokens (NFTs) to deliver exciting gameplay in a mining metaverse. Investors can purchase NFTs that represent game characters with their NUGX tokens and use them to mine for treasures. Players on this impact gaming platform are in for a bevy of rewards as real-world assets in gold and cash.
NuggetRush also tops the initial coin offering list because of its staking pool, which gives users more investment opportunities while impacting artisanal communities. With its profitability potential and transparency backed by a smart contract audit, NuggetRush easily falls into the list of 100x tokens to purchase now.
Shiba Inu (SHIB): Burns 87 Million Tokens in A Day
Reducing a coin’s total supply can help push its price, and for this reason, the Shiba Inu community and developers have been on a major burning initiative. Data from Shibburn shows that SHIB’s burn rate hiked by almost 50,000% on a 24-hour scale, resulting in 87 million tokens destroyed. The total assets removed from circulation throughout March until now have surpassed the 16.4 billion mark. Shiba Inu adopted the burning program to make SHIB tokens scarcer and potentially more valuable in the future.
Analysts, including Rekt Capital and Jake Gagain, believe the asset has much more room for growth and envision a triple-digit price rally should SHIB surpass a major resistance level.
VeChain’s (VET) Tokenized Gloves: Latest Partnership With UFC
Following VeChain Foundation’s $100 million sponsorship deal with UFC about two years ago, the VET network has continued partnering with the mixed martial arts promotion company. According to the announcement made by the foundation, the new development of tokenized gloves, whose identities can be tracked on the VeChainThor network, will start to be worn by the UFC fighters at UFC 300, which is scheduled for April 13. The gloves will contain VeChain near-field communication (NFC) chips that record fight data, proving the authenticity of each pair, the post stated.
Interestingly, after the fight, the athletes will donate or give away their gloves, making them into collectors’ items. The chips inside each pair will allow a buyer to check the item’s authenticity via the network’s smart contract. On VeChain‘s Reddit board, VET token holders were excited about the new use case for the network. Visionary investors are now turning to the project as they anticipate the value spike this latest development will bring to the VET token.
Conclusion
The crypto market has recorded a recent spike in Shiba Inu’s burn rate and analysts envision a rally for the token with time. The market focuses on two DeFi altcoins, NuggetRush and VeChain, which have emerged as top investment picks as Q2 unfolds. Having gained 90x price growth even before its official launch, NuggetRush is built on a revolutionary P2E concept and could lead the 2024 bull market. Visit the website below, sign up, and bag your NUGX tokens!
