Majority of Dogecoin Holders Remain Profitable: Analysts Pick Dogwifhat and a New Meme Coin for Explosive Rally

TLDR:

• Over 85% of Dogecoin holders are still profitable despite the recent price drop.
• The Flow Horse has predicted a big upside move for Dogwifhat in the second half of 2024.
• NuggetRush has been predicted to hit $1 as its innovative mem coin model grows popular.

Data from IntoTheBlock shows that over 85% of Dogecoin holders are in profit despite the recent crypto market crash. While one of the leading Solana memecoins, Dogwifhat, has plunged below $3.00, The Flow Horse has predicted an explosive rally for the second half of the year. Also, NuggetRush has been tipped to hit $1.00 as its new meme coin concept gains traction.

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85% of Dogecoin (DOGE) Holders in Profit Despite Massive Price Drop

As the cryptocurrency market faced its worst week in 2024, Dogecoin (DOGE), the leading meme coin, hasn’t been spared. Over the last week, the price of Dogecoin has tumbled by 20%, resulting in a drop back to the $0.150 support level. 

Despite the decline, the majority of DOGE holders are still profitable. Data from IntoTheBlock shows that over 85% of all DOGE holders are still in profit. This is the highest percentage among top memecoins. DOGE is also performing better than the top 10 altcoins, including XRP and Cardano.

NuggetRush (NUGX) on Course To Lead the Meme Coin Revolution 

Although the likes of Dogecoin hold billions in market cap, meme coins are often referred to as projects with next to no utility. Changing this narrative, NuggetRush (NUGX) has built a hyperrealistic gaming ecosystem based on the gold rush. NuggetRush blends gaming with meme culture, NFTs, GameFi, and staking, making it one of the best new DeFi projects.

Within the game, players take on the title of artisanal miners in search of gold and other precious minerals. They will handle different tasks, from choosing where to mine to digging, tunneling, buying mining machines, and employing the services of other miners. The GameFi element ensures players are rewarded for their achievements within the game.

Players who are successful in finding gold can exchange them for real gold or cash via NuggetRush’s in-game marketplace. In addition, those who can find RUSHGEMs, the trending NFTs of the platform can stake them for APYs of up to 20%. NuggetRush is now considered by many to be the best crypto investment thanks to its multiple earning opportunities.

The support can also be seen in the crypto ICO of NuggetRush, where over $3.8 million was raised. The team is also prepping for the airdrop of NUGX, the native token of the platform. With the launch in less than a week, expectations are soaring. While NUGX will be listed at $0.020 per coin, analysts have forecasted a rally to $1.00 before the end of the year.

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Dogwifhat (WIF) Poised for Breakout Rally in the Second Half

Like many top crypto coins, Dogwifhat (WIF) has been on a steep decline over the past few weeks. The price of WIF has tumbled from a monthly high of $4.80 to the support level of $2.60. Despite the bearish market, a top crypto analyst, The Flow Horse, has shared a very bullish future for Dogwifhat.

While The Flow Horse predicted that WIF will consolidate for the next few weeks, he expects a major breakout rally to follow. According to the prediction, the rally of Dogwifhat will be bigger than the gains recorded in the first half. To paint a clear picture, WIF gained more than 2,800% in Q1, and a bigger gain makes it one of the best altcoins to watch.

Closing Thoughts

In general, the future looks bright for Dogecoin, Dogwifhat, and other meme coins. While they are expected to record major gains, NuggetRush, with its utility-centric model, is poised to lead the new generation of meme coins. This is why NUGX is considered as one of the best buys for 2024.

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The post Majority of Dogecoin Holders Remain Profitable: Analysts Pick Dogwifhat and a New Meme Coin for Explosive Rally appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.