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.

Visit NuggetRush Presale

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Author: BeInCrypto Team

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