Shiba Inu Team To Begin Auto Burn Testing, Sei and NuggetRush Remain Bullish

Matt Williams
Last updated: | 3 min read

shiba inuTLDR:

  • NuggetRush has risen 80% so far during its presale.
  • Shiba Inu Team wants to begin testnet deployment for auto burn this January.
  • Analysts have predicted that the price of Sei will reach $0.805291 soon.

The Shiba Inu team is gearing up to start testnet deployment for its auto-burn feature this January. Additionally, market analysts are forecasting a potential surge in the price of Sei, predicting it could reach $0.805291. Meanwhile, NuggetRush, a rising star in the crypto space and dubbed a good crypto to buy, has seen an 80% increase during its presale.

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NuggetRush (NUGX) Gives Early Investors 80% ROI

Defying the recent price drop cutting across the cryptocurrency market, tokens like NuggetRush (NUGX) are still rising. Since its launch, NuggetRush has cost $0.018 (an increase of 80% over its initial $0.010). Because of the tremendous interest from investors, the project has sold over 162 million tokens during this time.

The features and potential of the platform have piqued their curiosity. Let’s examine a few of these attributes. In the mining game NuggetRush, you can dig and even find real gold by using the coolest NFT characters. In the game, everything revolves around starting your own mining company.

In NuggetRush, you get to pick different NFT characters to help you dig for gold. Your main goal is to create a top-notch team of miners and get them the best tools. The better your team and tools, the more gold you can find.

You must get the best miners you can to get the most gold. NuggetRush will give you some miners as prizes. However, you can find a lot more in the game’s marketplace. You can trade NFTs with other players or sell stuff you find in the game for real money.

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Shiba Inu (SHIB) To Commence Testnet for Auto Burn

The Shiba Inu team has officially announced the start of their automated SHIB token-burning mechanism, which is set to begin this month with a testnet deployment. The team revealed the news in the latest Shiba Inu Magazine.

The initial phase involves deploying the system on Puppynet, their test environment, to ensure thorough and rigorous testing. This action is a component of an endeavor to raise the Shiba Inu token’s value.

The goal of the auto-burn feature is to decrease the quantity of Shiba Inu tokens that are available. As a result, scarcity could cause the value of Shiba Inu to increase as the supply decreases.

The price of Shiba Inu has varied during the last week between $0.000008476 and $0.000009692, according to CoinMarketCap.

Sei (SEI) Price Prediction

Sei (SEI) stands out as one of the top altcoins that have shown resilience amid the latest market dump. According to CoinMarketCap data, Sei has shown a mixed trend over weekly and monthly time frames. Data from CoinMarketCap shows that Sei has suffered a 17.7% decline over the week. In contrast, it has increased by 66.7% in the last month and is still included among the top crypto coins.

The fact that Sei is still trading above the 50-day SMA in spite of its recent price decrease lends credence to a bullish story. With 16 technical analysis indicators indicating bullishness and 6 bearishness, the overall sentiment for Sei price prediction is bullish. Riding this bullish wave, analysts have projected that the layer-1 token would see a price rise to $0.805291.

Final Thoughts

The value of Shiba Inu could rise in the coming months as the team gets set to test the auto-burn mechanism. Meanwhile, Sei and NuggetRush are the best coins to invest in right now, judging from their bullish movements. Analysts have predicted NuggetRush will reach $0.020 soon, and Sei will hit $0.805291.

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Disclaimer: The text above is an advertorial article that is not part of editorial content.