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Experts Predict Degen to Lead Coinbase Adoption with $1 Memecoin Potential

Apr 1, 2024

Coinbase's Base blockchain network has been experiencing growth, especially with Degen gaining popularity and showing potential to become a prominent memecoin. NuggetRush, with its play-to-earn gaming platform and NFT integration, successfully raised over $3.5 million in its presale. As a result, there are expectations that NuggetRush could be the first memecoin to reach $1.00.

Throughout the week, Coinbase's Base blockchain network has been making headlines in the crypto community due to significant developments. Memecoins on Base have seen an increase in market cap, notably with Degen reaching $143 million. Despite being lower than other memecoins, many experts believe that Degen could emerge as one of the top memecoins on Coinbase's Base platform.

In addition to the growing interest in memecoins, NuggetRush continues to attract substantial demand during its presale phase. The ongoing presale has raised an impressive amount of over $3.5 million, positioning it as one of the most successful presale tokens. The strong performance of NuggetRush has led analysts to speculate that it has the potential to be the first memecoin to reach $1.00.

NuggetRush has drawn attention with its promising early achievements and is seen as a frontrunner in the quest for a memecoin exceeding $1.00. Since its launch, NuggetRush has quickly gained traction, attracting significant investors to its presale. The demand for NuggetRush has surged, with its value rising by 90% from $0.01 to $0.019.

The platform offers a play-to-earn gaming experience where users can earn money by mining for minerals in various in-game locations. This innovative DeFi feature has been a key driver of NuggetRush's adoption, along with its inclusion of sought-after NFTs. Players can trade in-game characters that double as NFTs on NuggetRush's peer-to-peer marketplace, including the rare RUSHGEM collection, which can be exchanged for gold.

NuggetRush has garnered support from DeFi enthusiasts and users in the Web3 space, positioning it as one of the most anticipated cryptocurrency platforms. With the opportunity to acquire NUGX at $0.019 during the launchpad round, early investors may benefit from significant gains once NuggetRush is listed on exchanges.

Degen, another notable memecoin, has gained popularity on Coinbase's Base platform. The unofficial token was developed to reward Farcaster users and operates on the Base blockchain. Industry experts have identified meme coins, including DEGEN, as key players in boosting Base's adoption and potentially shifting market dominance away from Solana memecoins. The total value of locked tokens on the Base blockchain has surpassed $985 million.

The rapid growth of memecoins like Degen on the Base blockchain indicates a positive trend. The Base platform saw locked tokens reaching $2.1 billion in just 25 days, accelerated by the increasing interest in DEGEN and other memecoins. The introduction of a new smart contract wallet by Coinbase has further fueled optimism in the Base ecosystem. Other Base memecoins such as Normie, Brett, and Bruin Armstrong are also gaining traction among experts.

The recent surge in new memecoins and presale tokens highlights the diverse opportunities within the crypto market. Degen's upward trajectory and NuggetRush's strong performance during its presale showcase the potential for growth in the memecoin sector. NuggetRush's innovative features and NFT offerings position it as a promising investment option, with the potential to hit the $1.00 mark following its official launch.

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