Once The Taken Wallet is released, I think Fusion rifles will be more viable because of other weapon nerfs. Hopefully that will slow the rate at how quickly people are dying and give fusion users a longer window to get the kill.
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They are getting nerfed again in 2.0, so probably not.
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Im mainly focused on PVE here. A base damage buff in PVE is the only thing that can save this weapon type.