Shiba

Arbitrum

Dogecoin

Shiba Inu

<div class="cryptonews">
 <ul>
  <li>Shibarium’s recent performance disappoints the Shiba Inu (SHIB) community.</li>
  <li>Demand for Dogecoin (DOGE) Futures rising in November.</li>
  <li>NuggetRush (NUGX) offers new utilities in the memecoin scene</li>
 </ul>
 <p class="is-style-lead">The Shibarium network has shown a lackluster performance, sparking concerns among analysts that its popularity may be waning. In contrast, Dogecoin (DOGE) has experienced a recent surge in open interest, surpassing both Bitcoin and Ethereum. Meanwhile, there is growing optimism among analysts regarding NuggetRush (NUGX). Over 30 million have been sold in the ongoing presale.&nbsp;</p>
 <h2 class="wp-block-heading" id="shiba-inu-disappointed-by-the-underwhelming-shibarium-metrics">Shiba Inu disappointed by the underwhelming Shibarium metrics</h2>
 <p>Shiba Inu introduced Shibarium on Aug. 28, and the layer-2 network completed a million transactions within its first month.&nbsp;</p>
 <p>However, the community is now concerned as Shibarium’s daily transactions are down to approximately 9,470 on Nov. 6.</p>
 <p>Despite Shibarium’s network activity decline, SHIB prices have been firm in the past few weeks.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Shiba Inu devs unveil Shibarium scaling plans amid technical challenges
 </div>
 <p>On Oct. 10, SHIB was changing hands at $0.000006898; by Nov. 7, it had risen by 19.0% to $0.00000821.</p>
 <p>Initially expected to drive Shiba Inu’s position in decentralized finance (defi), Shibarium’s current state raises questions on whether it can reclaim its September peak.&nbsp;</p>
 <p>Given the disappointment surrounding Shibarium, some SHIB holders are hopeful that recent token burns may support prices.</p>
 <p>Shiba Inu has responded to Shibarium’s underwhelming performance by intensifying token burns.&nbsp;</p>
 <p>Analysts suggest this strategy could drive SHIB prices by 19.1% to $0.00009782 in the days ahead.</p>
 <h2 class="wp-block-heading" id="nuggetrush-nugx-p2e-meme-game-offers-innovative-nft-staking">NuggetRush (NUGX): P2E Meme Game Offers Innovative NFT Staking</h2>
 <p>NuggetRush&nbsp;offers a non-fungible token (NFT) staking feature. As a play-to-earn (P2E) project, NuggetRush allows users to stake characters and other rare NFTs, rewarding users.</p>
 <p>Players can engage in mining challenges within mineral-rich terrains. Custom avatars, created by players, assist in the mining adventure, requiring them to initiate and manage profitable mining operations.</p>
 <p>Players commence with basic machinery and a few experienced miners, progressing to receive rewards such as enhanced mining equipment, additional character NFTs, and in-game currency upon completing mining quests.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Meme coins struggling, NuggetRush drawing investor attention
 </div>
 <p>Investment in-game currency into advanced machinery and improving miner skills directly amplifies mining efficiency, increasing potential rewards.&nbsp;</p>
 <p>Additionally, players can sell upgraded players and machinery at higher prices on the marketplace.</p>
 <p>Analysts suggest that incorporating NFT staking is a significant factor contributing to the rapid growth of NuggetRush’s blockchain ICO.</p>
 <p>Since the start of the presale, NuggetRush has sold over 30 million NUGX. Notably, the token price is now up by 20% from stage 1 and will increase by 8.3% in the next round.&nbsp;</p>
 <p>NUGX is expected to list at around the $0.020 mark.</p>
 <h2 class="wp-block-heading" id="dogecoin-open-futures-dominate-market">Dogecoin open futures dominate market</h2>
 <p>Velo data shows Dogecoin’s open futures have risen from Nov. 1, outperforming Bitcoin and Ethereum.</p>
 <p>The data reveals a 14.6% increase in Dogecoin’s open interest, reaching $328 million. This report highlights Dogecoin’s recent bullish trend, driven by the anticipation surrounding potential approvals of spot Bitcoin exchange-traded funds (ETFs).</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Assessing the synergy of NuggetRush, Polkadot, and Ethereum
 </div>
 <p>On Nov. 1, DOGE was trading at $0.0688. By Nov. 7, it was up 6.8% to $0.0735 as open interest rose in tandem. Despite Dogecoin’s recent recovery, meme coins, in general, are on a downtrend.</p>
 <p>Since January, Dogecoin has shaved approximately $2 billion in market capitalization. Nevertheless, rising investor sentiment may support prices, even driving it to $0.0853 by the end of the year.</p>
 <p>Visit the NuggetRush presale website</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Weekly brief: supporters of NuggetRush, Solana, and Arbitrum bullish
 </div>
 <div class="cn-block-disclaimer">
  <div class="cn-block-disclaimer__icon">
   <svg class="icon icon-info" aria-hidden="true"><use xlink:href="#"></use>
   </svg>
  </div>
  <p class="cn-block-disclaimer__content">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.</p>
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/assessing-shiba-inu-and-dogecoin-alternatives-focus-on-nuggetrush-tbt69963.html">https://thebittimes.com/assessing-shiba-inu-and-dogecoin-alternatives-focus-on-nuggetrush-tbt69963.html</a></p>

Assessing Shiba Inu and Dogecoin alternatives, focus on NuggetRush

Table of Contents

TheBitTimes

Other articles published on Nov 11, 2023

FTX sues Bybit to recover $953 Million worth of assets

This Largest AI Crypto Adds 13% in 24 Hours

FTX Token (FTT) Up 53% to Erase YTD Losses, Here's Reason

Bitget to list Chappyz (CHAPZ): Pioneering Web3 platform for enhanced connections and collaboration

Ripple’s Response to SEC Lawsuit: Key Developments and Legal Expert Insights

Exploring the Potential and Pitfalls of AI-Based Decision Making in Warfare

Join our free newsletter for daily crypto updates!