TLDR:
The world’s first meme summit has been successfully launched in Dubai.
The top bullish memecoins since the completion of the events have been Pepe and Bonk, recording double-digit increases.
NuggetRush has outperformed them, rallying by more than 50% over the last week.
As the meme coin trend grows, the first Memecoin Summit has been hosted in Dubai. The summit brought together the Web3 community and investors to discuss the impact of meme culture in crypto and its potential use in the decentralized finance space.
Since the summit, Bonk and Pepe have been among the best memecoins to buy, gaining double digits to erase the losses from the recent memecoin crash. While they are on the rise, NuggetRush leads the crypto market in gains, rallying by over 50%.
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NuggetRush (NUGX) Leads the Crypto Market Recovery, Surges 50%
Amidst the ongoing recovery from the recent crypto crash, NuggetRush (NUGX) has been one of the leaders of the move. Over the last week, the price of NUGX has jumped by more than 50%, increasing from $0.020 to its current range of $0.031.
NuggetRush has gained this much attention for setting itself apart in the blockchain gaming market, offering a blend of entertainment, real utility, finance, artisanal mining, and meme culture. Because of the hybrid nature of the NuggetRush platform, NUGX is now ranked among the best alt tokens to buy in the crypto market recovery.
The NuggetRush game introduces players to an immersive mining virtual world, where they will embark on mineral-rich adventures, excavating gold and other precious minerals and collectibles while managing a mining business. For their accomplishments, players are rewarded with NUGX, mining machinery, and trending NFTs.
NuggetRush focuses on sustainability and community support and, hence, partners with gold suppliers to pay out winnings to miners directly. Moreover, the project also features a social development initiative, which is to remunerate poor artisanal miners in underdeveloped countries. This strategy makes NUGX one of the best social tokens for 2024.
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Pepe (PEPE) Jumps 15%, Prepares for a Bigger Surge
Since the Memecoin Summit, Pepe (PEPE) has been one of the top gainers, rallying by 15%. Thanks to its recent rally, Pepe has recovered above $0.00000800 and is bullish on multiple timeframes.
Over the last three months, Pepe has now gained over 700%, making it one of the top altcoins. While the performance of memecoin has been outstanding, the altcoin could look to chase the $0.00001000 resistance level if bulls keep its price above the $0.00000800 support level.
Bonk (BONK) Leads the Recovery of Solana Memecoins
In the just concluded Memecoin Summit, the explosion of meme coins on the Solana network was brought to attention. At its peak, the market cap of meme coins on Solana topped $90 billion, with Bonk (BONK) being at the forefront of the growth.
With Bonk being one of the talked-about memecoins in the summit and its potential use in Web3, the coin has been on the uptrend ever since. Bonk has rallied by more than 20%, emerging as one of the best altcoins while erasing the losses over the last few weeks. With its recovery above $0.00002600 resistance, Bonk will look to recover its April high of $0.0000300.
Closing Thoughts
The recent Memecoin Summit highlights the growth of meme coins like Bonk and Pepe and their growing adoption in Web3 and traditional investment. Meanwhile, NuggetRush and its innovative gaming platform have become one of the best cryptos to buy in 2024, as analysts have set a price target of $1.00 for NUGX.
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