Key takeaways

• Reddit’s stock ends trading at $50.44 per share, up by 48% on its market debut.

• Sub-Reddit memecoins MOON and BRICK could rally higher on Reddit’s successful IPO. 

Reddit shares up by 48% on market debut

Social media platform Reddit finally debuted on the New York Stock Exchange (NYSE). The company’s stock, with a ticker symbol RDDT, began trading on the NYSE on Thursday, March 21st.

By the end of the trading day, RDDT was up by 48% as investors took the opportunity to buy the company’s shares. 

Reddit attracted investors despite the company not turning an annual profit since launching in 2005. However, the company promises investors that its content will be the training ground for artificial intelligence (AI) programs.

The company also recently struck a data licensing deal with Google worth about $60 million a year. This move further convinced investors that Reddit could soon turn over its loss-making fortunes. 

With Reddit now a publicly traded company, RDDT could soon join other stocks CFDs at OANDA, making it easier for investors to take a position on the future trajectory of Reddit’s share price.

Sub-Reddit memecoins MOON and BRICK could soar higher

With Reddit now a public company, data suggests that subreddit memecoins like MOON and BRICK could soar higher in the short term. r/CryptoCurrency Moons is one of the trending coins in the crypto market.

MOON is down by 20% over the last 24 hours. However, it is up by 70% over the last seven days. The token is used to reward active users who contribute to the r/CryptoCurrency subreddit. This is one of the most active subreddits on the platform. In October, the r/CryptoCurrency community removed moderators accused of insider trading

Meanwhile, BRICK is also up by 109% in the last seven days despite losing 21% of its value in the past 24 hours. BRICK is used for rewarding active users who contribute to the r/Fortnite subreddit. 

With Reddit’s opening day a success, these memecoins could soar higher in the coming days and weeks. Reddit is known to be home to meme investors. One notable event on Reddit was when a group of retail investors collaborated on the “wallstreetbets” subreddit to pump the shares of game retailer GameStop (GME.N). 

Reddit’s successful IPO could see investors buy more MOON and BRICK tokens, pushing the memecoins prices higher.  Despite the ongoing market correction, MOON and BRICK have shown bullish momentum in recent days.

TLDR

• NuggetRush is an exciting altcoin at the intersection of P2E, memes, GameFi and NFTs.
• Investors are flocking to the presale due to its novelty and astounding upside potential.
• Some analysts suggest a 65x spike after its market debut.

Presale tokens are the talk of the crypto town, from the trendy president memecoins to Choose Rich memecoins, to name a few. A new and emerging crypto that seems to be stirring up much buzz currently is NuggetRush (NUGX), a utility-backed memecoin.

Brimming with potential, some analysts have indicated it could be one of the best altcoins to invest in as it captures investors’ attention, including Toncoin (TON) and Dogecoin (DOGE) holders.

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NuggetRush (NUGX): A new investor favorite

NuggetRush (NUGX) is an emerging crypto being eyed for its potential for massive gains, notably among Dogecoin and Toncoin holders. It stands out thanks to its fascinating blend of memes and utility—the best of both worlds. It combines memes, GameFi, P2E and NFTs, contributing immensely to its appeal and growth prospects.

In light of the above, the presale soaring past $3 million comes as no surprise. The ICO is currently in the launchpad round, with its market debut on the horizon. A token costs only $0.019—heavily discounted—with analysts predicting a 65x upswing after its launch.

Aside from its significant growth potential, there is even more. The upcoming P2E game is expected to drive traffic, which will result in massive demand for the NUGX token. Besides being the in-game currency, it will also function as a governance token—a fundamentally strong altcoin.

Regarding the game, it will feature a gold mining gameplay experience, with players going on exciting quests and building a fortune. Collected in-game items can be traded on the NFT marketplace for real-world assets like gold or cash. 

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Toncoin (TON): Promising considerable gains

Toncoin (TON) is a layer-1 blockchain. While it was developed by Telegram, an encrypted messaging platform, it has been taken over by the TON Foundation. Its rise to becoming one of the market’s top altcoins is thanks to rising adoption and growing institutional interest.

Its latest run sees it charting a bullish course, with sights set on soaring past its all-time high (ATH) of $5.80. According to analysts, it will likely flip this level in the coming weeks, which could make it one of the best coins to invest in.

Given its remarkable market performance—upward trajectory—and solid fundamentals, Toncoin is among the most bullish altcoins. 

Dogecoin (DOGE): The leading meme

Competition within the meme ecosystem is heating up, with Solana memecoins, Sei memecoins and ETH memecoins vying for attention. Despite this, Dogecoin (DOGE) remains the leading meme token, brushing off competition. Its market dominance and leading status make it an investor favorite.

It was at the forefront of the latest meme craze, reliving the good old days. After its explosive growth during the 2021 bull run, speculators expect Dogecoin to run it back one more time, putting it among the best cryptos to invest in.

Interestingly, with just a few dollars, investors can position themselves for significant gains, which is one of its biggest flexes. With sights set on crossing $1.00, Dogecoin could be a bullish wave to surf for significant gains.

Conclusion

NuggetRush has been hailed as the next big thing by some investors—fingers crossed, though. Nevertheless, Dogecoin and Toncoin investors have been swarming the presale, aiming to position themselves for potential gains. If you’d like to participate in the ICO, click the link below.

Visit NuggetRush Presale Website