DOGE, BONK, and MGLS Shake Up the Meme Coin Market – Don’t Miss Out on the December 2023 Madness!

The post DOGE, BONK, and MGLS Shake Up the Meme Coin Market – Don’t Miss Out on the December 2023 Madness! appeared first on Coinpedia Fintech News

According to CoinCodex, the meme coins market cap is now $22.70B, showing tremendous growth potential. Not only that, but December 2023 looks like it will be an eventful month for meme coin crypto traders, with Dogecoin (DOGE) and Bonk (BONK) making headlines once more. However, one DeFi project in Stage 1 of its presale – Meme Moguls (MGLS) may outshine them both as analysts foresee its value rising by 10,000% in 2024.

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Why Is Dogecoin Going Up?

Dogecoin (DOGE), the original meme coin, needs no introduction. What started as a lighthearted joke based on a popular Shiba Inu dog meme has evolved into a significant player. Recently, the Dogecoin price increased from $0.0934 on December 7 to $0.1056 on December 11. This surge came after Whale Alert disclosed a significant transfer of 64M DOGE tokens to Coinbase. 

Furthermore, the Dogecoin technical analysis also paints a bullish picture as it sits above its 100 and 200-day EMAs. The Fear & Greed index shows it standing at 74 (Greed). 

Market analysts have taken note of all these factors. In their Dogecoin price predictions, they foresee its value reaching $0.1088 before December ends. All these facts make Dogecoin one of the altcoins to watch now. 

Bonk (BONK): Surges After New Listing 

Bonk (BONK) has risen as a fresh contender in the meme coin arena. It is gaining traction and turning heads with its catchy name and vibrant community. In recent Bonk news, the team behind it revealed the altcoin will be listed on the ACE exchange. After this news, its value jumped from $0.00001108 to $0.00001226 in just a few hours on December 11. 

Moreover, the Bonk crypto has been experiencing greener-than-red trading days over the last month. CoinCodex data shows it has 17 positive trading days (57%) – a great bullish sign. 

Because of this, experts in the field remain confident that the Bonk price will reach $0.000012 within December 2023. This Bonk price prediction makes it one of the top DeFi coins. 

Meme Moguls (MGLS): Redefining Meme Coin Dynamics

Meme Moguls (MGLS) is revolutionizing the meme coin landscape with its unique approach. This ERC20 token will stand out by offering utility as a governance and play-to-earn token. At its core, Meme Moguls will offer a play-to-earn game, allowing you to engage in free or paid trading competitions for meme-based assets. You will win cash prizes or even other meme collectibles. 

While this play-to-earn game is its primary focus, the Meme Moguls team will incorporate many other components in its ecosystem:

• Staking: A feature allowing you to contribute your existing MGLS tokens to its staking pool, bringing you many rewards based on how much you contributed. 
• Moguls World: An immersive metaverse environment allowing you to interact, mine tokens, and participate in liquidity pools.

The MGLS token powers all these features. This new crypto ICO is in Stage 1 of its presale, offering one MGLS for just $0.0021. Those who bought it early are enjoying a 10% ROI. However, this percentage is bound to increase as the presale advances. Experts predict a potential rise to $0.19 in the first year of operation. 

Those who sign up for this presale now will capitalize on this growth while also participating in weekly giveaways totalling $150,000. All these aspects contribute to Meme Moguls being the best ICO. 

The Buzz Around December 2023

With the meme coin market heating up, Dogecoin, Bonk, and Meme Moguls lead the charge. While they all have something unique, Meme Moguls gains the competitive edge with actual utility, while its peers rely solely on hype. Moreover, its low market cap of $6.3M means it will experience value pumps way easier as fewer new funds are needed. 

With some experts going as far as saying that MGLS is the next Shiba Inu, it looks like Meme Moguls may join the list of top crypto coins soon. 

For more information about the Meme Moguls (MGLS) presale:

• Website: https://mememoguls.com/
• Twitter: https://twitter.com/meme_moguls