Viral NFTNick Kicks Dogecoin, Shiba Inu Out Of The Spotlight With 1,136% Gains Backed By 'Choose Rich' Catchphrase
Portfolio Pulse from Khyathi Dalal
A new memecoin inspired by viral X influencer NFTNick, known as 'I CHOOSE RICH EVERYTIME!', surged 1,136% in three days, overshadowing Dogecoin and Shiba Inu. The coin, leveraging NFTNick's 'choose rich' catchphrase, reached a peak market cap of $80 million. Despite NFTNick's popularity, his wealth flaunting has faced backlash, with community notes debunking some of his claims. The rise of NFTNick's memecoin reflects the ongoing trend of meme coins capitalizing on current events and personalities.
March 12, 2024 | 10:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dogecoin, a veteran memecoin, faces competition from the new 'I CHOOSE RICH EVERYTIME!' coin, which has seen a significant rally, potentially diverting attention and investment away from Dogecoin.
The significant rally of 'I CHOOSE RICH EVERYTIME!' could attract investors and attention away from Dogecoin, potentially negatively impacting its price and market position in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Shiba Inu, another popular memecoin, may see a short-term negative impact as the new 'I CHOOSE RICH EVERYTIME!' coin, inspired by NFTNick, diverts attention and possibly investment from Shiba Inu.
The emergence and rapid rise of the 'I CHOOSE RICH EVERYTIME!' memecoin, backed by NFTNick's popularity, could lead to a shift in investor focus away from Shiba Inu, potentially affecting its price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70