Dogecoin (DOGE), the first meme coin, has celebrated a significant milestone 10 years since its launch. The celebration sparked a major bullish momentum for DOGE, the meme coin rallying above $0.10.
Meanwhile, its biggest competitor, Shiba Inu (SHIB), now has a growing competition in Meme Moguls. Launching with more utility than, analysts have predicted that this altcoin will dominate the meme coin market in the coming bull run.
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Dogecoin Hits $0.10 on Tenth Anniversary Celebration
The original meme coin, by software engineers Billy Markus and Jackson Palmer, is celebrating the tenth anniversary of its launch. Dogecoin has defied critics, becoming one of the top altcoins, with a market cap of over $13.8 billion.
The tenth-anniversary celebration sparked a rally for DOGE, increasing the Dogecoin price by more than 13%. The rally helped DOGE extend its gains from mid-October to an impressive 70%. As a result, the meme coin traded at a 2023 high of $0.106.
Elon Musk, the self-acclaimed DOGE-Father, contributed to the Dogecoin price rally. During the Dogecoin celebration, Musk confirmed “Progress” on a post suggesting that his X platform could “move toward crypto payments.” There are hopes that DOGE will be the crypto to be used on X.
Shiba Inu is Riding the Crypto Rollercoaster
Shiba Inu (SHIB) was launched in 2020 as a competitor to Dogecoin. However, the project is attempting to move away from its meme coin tag, integrating utility into the project. A layer 2 network (Shibarium), an identity platform, and an exchange, among others, have been launched for this cause.
However, the price of Shiba Inu has failed to embark on the kind of rally that the community expected. But in recent weeks, SHIB has been responding to the bullish trend in the crypto market and riding the rollercoaster.
In two weeks, the price of Shiba Inu has increased by more than 23%. The altcoin jumped above the $0.0000100 resistance, setting it up for another 25% price surge. However, it has been outperformed by Meme Moguls, which analysts have ranked as one of the best cryptos to buy for the bull market.
Meme Moguls To Lead the Meme Coin Market This Bull Season
The major criticism of the likes of Dogecoin has been its lack of utility. Meme Moguls (MGLS) has solved this problem by building an ecosystem inspired by meme coins. The play-to-earn game is the cornerstone of this ecosystem.
The game is designed to teach its users how to invest and build wealth via meme coins. The main feature of the game is simulated investing. This feature allows users to compete with friends in virtual stock market trading games while learning investing strategies. Community members and friends can also create tournaments where they can compete in trading events.
They will also discover new investments and earn cash prizes and meme rewards. The goal is to help users optimize their meme coin-picking skills to grow their portfolio. The Meme Moguls ecosystem also integrates a metaverse where users can connect, mine tokens, join liquidity pools, and stake their tokens.
These features have made Meme Moguls a one-of-a-kind in the meme coin space. The ecosystem is powered by the MGLS token. Now in its beta crypto presale stage MGLS is traded at $0.0021 per token. During this bull cycle, the price of MGLS has been projected to increase by up to 100x, making it one of the best altcoins to buy.
Conclusion
While Dogecoin and Shiba Inu have contributed immensely to the growth of the meme coin space, they are projected to be outperformed by newer altcoins. The utility of Meme Moguls puts it ahead of meme coins. This is why there has been a growing interest in the project.
For more information about the Meme Moguls (MGLS) presale:
Website: https://mememoguls.com/
Buy presale: https://app.mememoguls.com/sign-up
Twitter: https://twitter.com/meme_moguls
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