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COQ Coin Boosts Growth of Avalanche Crypto, And Release of NUGX

3 Mins read

The crypto market saw a significant spike in the last week of December 2023. This spike has benefited various cryptos, including Avalance (AVAX) and NuggetRush (NUGX). 

Specifically, the movement was seen in Avalanche, the modern fourth-generation blockchain, which recovered losses and became one of the top-performing coins. AVAX outperformed Ethereum (ETH) and Bitcoin (BTC) in some criteria.

Investors are also exploring options as Ethereum’s decentralized finance (DeFi) and non-fungible token (NFT) activity recover.

COQ Meme Coin Comparable to Characteristics of Avalanche

Coq Inu, a hen-inspired meme coin, was one of the top-performing meme coins in the mid-December, 2023. It outpaced the most popular meme coins, such as PepeCoin (PEPE) and Shiba Inu (SHIB). 

The success of Coq Inu and COQ has brought attention to Avalanche, as capital is withdrawn from popular platforms, such as Solana and Ethereum. The quest for gains and opportunities is what Avalanche offers. The Avalanche platform has high throughput and the platform is highly scalable. 

It has high throughput regardless of network activity; fees barely change, which is encouraging as they compete to earn more gains. COQ creators took advantage of this feature to launch a meme coin on Avalanche, which in the description itself, does not have any value and is recognized as a shit coin.

As per the analysts’ expectations, the project has no roadmap and there is a clear disclaimer and warning for holders not to expect any financial return. COQ had no presale or pre-allocation. All existing supplies have been released to the community.

By mid-December, COQ had rallied approximately 500%. While the momentum shifted soon, traders booked profits and exited, and the values reversed. It wiped out all the gains.

Even after this, it has managed to maintain liquidity. It has a market cap greater than $107 million. Furthermore, it is available for trading on other mainstream exchanges, including KuCoin and Bybit.

With the breakout of COQ, traders and investors have begun to look for alternatives, including NuggetRush.

NUGX Presale Gaining Whales Interest

NuggetRush (NUGX) is another meme coin on the Ethereum blockchain and it has real-world uses. It means that the team has a roadmap and is constantly working to deliver on their objectives.

The combined experience of the team, which utilizes team experience and aligns team experience to create an ecosystem of rewards for their supporters, has led investors to examine the project and some are participating in the ongoing presale.

In round 4 of the NUGX presale, NuggetRush is available for 0.015 USDT. More than 132 million NUGX have been distributed among early adopters.

NUGX gains its utility from NuggetRush creators, who are integrating the token into their ecosystem. NUGX is an ERC-20 token and it will act as a medium for in-game transactions. 

Stated differently, once the platform distributes in-game NFT items to players for its play-to-earn game, it can be used to swap them with all fees payable in NUGX.

NFT holders can facilitate staking as well, receiving up to a 20% yield, which is payable in NUGX.

There is a charity element attached to NuggetRush; when players engage and build their team, they will directly benefit real-world artisanal miners.

The players, who will join Rush Guild, will also receive voting rights to vote on proposals meant to improve the game and the NuggetRush ecosystem.

The new crypto projects that are emerging are transforming the overall crypto landscape. The NuggetRush project falls into this category. It is attempting to capitalize on the meme coin culture and outlast projects such as Coq Inu.

The NUGX presale has been very successful. It is skeptical and unclear how prices will move after being listed on the mainstream exchange. Moreover, if the crypto market recovers as per current and analyst predictions, NuggetRush will also benefit.

Updates in COQ and NuggetRush

In the last few weeks, COQ meme coin has gained attention and brought Avalance crypto to the limelight with its significant growth in a very short time. It is expected to grow in 2024, as it brings a boom to meme coins and Avalanche.

Its presale Round 4 will end in fifteen days and NUGX is available for 0.015 USDT. More than 132 million NUGX have been distributed among early adopters.

It is expected to get listed at $0.020, which will be very close to its presale prices. 43% of the tokens will be distributed in public sales, 20% in marketing and partnerships, 20% in listing and liquidity, and 17% in ecosystem rewards and competitions.

FAQs

Which blockchain networks COQ and NUGX are based on?

COQ is based on Avalanche and NUGX is based on the Ethereum blockchain network.

When will NUGX be listed?

The final date of launching NUGX has not been announced but it is expected to be launched soon.

Source

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About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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