Sui Prepares for Token Unlocks, Bearish Indicator? Dogecoin Aims for $0.10 in 2023 But Whales Favor this New P2E Memecoin

TLDR

  • Sui’s 40 million token unlock is scheduled for December 3.
  • Dogecoin is tipped to reach $0.10 before the end of 2023.
  • NuggetRush is expected to see a 30x price increase after launch.

Sui (SUI) is preparing for a massive token unlock, scheduled for December 3rd. The anticipated unlock is 40 million SUI, worth $24.61 million. While this event has been generating a considerable amount of buzz, it can also trigger a decline in the token’s price.

Meanwhile, in the world of memecoin, there are even more exciting developments. Dogecoin (DOGE) has been tipped to reach $0.10 before the end of 2023, making it one of the altcoins to watch.

On the other hand, whales have been favoring this new P2E memecoin, NuggetRush (NUGX), which makes it perhaps the best new crypto to invest in right now.

This post will explain the potential impact of the Sui token unlock. In addition, it will explore exciting developments in the world of memes, covering Dogecoin and NuggetRush. Let’s begin.

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NuggetRush (NUGX): Whales’ Favorite Memecoin

Amidst the sea of tokens in the ICO space, NuggetRush (NUGX) has emerged as a whale’s favorite. This top ICO, with a low cap size and sufficient room for price discoveries, appeals to investors for its immense growth potential. That isn’t all; its unique offerings make it a standout token.

It distinguishes itself thanks to its fascinating blend of play-to-earn (P2E) and memes. This P2E game (gold mining) promises an immersive gameplay experience and will reward players with in-game assets.

Furthermore, its advanced tokenomics significantly contributes to its attraction.

The total supply will be distributed across public sales (43%), listing & liquidity (20%), marketing and partnerships (20%), and competitions and ecosystem rewards (17%). Also, there will be no tax on token purchases or sales.

The ICO is in its third round, and a token costs only $0.013. According to experts, there will be a 30x jump in price after launch, which makes it one of the best cryptos to invest in today.

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Sui (SUI): Imminent Dump?

Sui (SUI) is an L1 smart contract and blockchain platform. In a development that has been stirring up buzz, 40 million SUI tokens, worth $24.6 million, will be unlocked on December 3rd. This unlock represents 4.24% of its circulating supply.

In basic economics, an increase in supply leads to a fall in price, a scenario likely to play out in the coming days. Hence, the Sui community has been bracing up for potential market shifts.

While it is seeing a slight decline in the weekly timeframe, the thriving ecosystem might be able to cushion the bearish impact. Its TVL (total value locked) recently surpassed $150 million, and bridged stablecoins soared past $100 million.

So, despite the potential bearish impact, the price will rebound and Sui is still one of the best coins to invest in.

Dogecoin (DOGE): Road to $0.10

At the forefront of the memecoin ecosystem is Dogecoin (DOGE). It is the first and leading meme token, which gives it a pioneering and dominant status. This also makes it an investor favorite.

Lately, specifically in its weekly timeframe, Dogecoin has been on an uptrend. This has sparked enthusiasm, with experts forecasting a strong rally. According to forecasts, its price will likely reach $0.10 before the end of 2023.

With a few weeks left before the year comes to an end, Dogecoin is not only a token to watch but also one of the altcoins to buy. If you have yet to add some to your portfolio, now might be a great time to do so.

Conclusion

The impending Sui token unlock is expected to increase selling pressure, although the rebound might happen sooner rather than later. Meanwhile, Dogecoin is aiming for $0.10 before the end of 2023, while NuggetRush has become a favorite among whales. This makes the memecoin ecosystem a place to be.

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Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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