Shiba Inu (SHIB) and Dogecoin (DOGE) are two of the most dominant meme coins in the industry today. Despite this fact, recently, they’ve faced massive rejections from the market and are declining in value, where both entered the red zone. But this does not mark the end, as the latest meme coin to enter the space, Meme Moguls (MGLS), has seen substantial gains with its presale.
Shiba Inu (SHIB) Remains Under 20-Day Ema – Is Recovery Possible?
Shiba Inu (SHIB) is a popular meme coin that initially exploded in value following its launch but has recently also experienced pressure from crypto bears. Despite the continued addition to its ecosystem, such as Shibarium, which launched last year, the crypto is facing hurdles, as the Shiba Inu price remains under the 20-day EMA.
For the Shiba Inu crypto to reach new heights, bulls will need to regain control, and its price performance needs to lead to a decrease in the selling pressure. If all of these factors do indeed occur, the Shiba Inu price prediction signifies that it can reach $0.000015 by the end of 2024.
Dogecoin (DOGE) Is Under Bearish Pressure. Can It Move Above $0.1?
Dogecoin (DOGE) initially started strong but recently retraced back with its value and is currently under bearish pressure. Despite the massive interest in meme coins and the continued work on improvements, the crypto has not managed to reach new gains. The Dogecoin price moved from $0.075 to $0.089 during the past week before finding support at the $0.077 level.
In addition to this, the Dogecoin crypto is undergoing rejection in the bearish candle, but there is still a likelihood that a price rally could be sustained. A bullish crossover between the MACD and signals is a reflection that this trend could continue. Based on the Dogecoin price prediction, it can end in 2024 at a value of $0.1443.
Meme Moguls (MGLS) to Grow 100% Following Its Launch Due to Gamified Learning Experience Implementation
Meme Moguls (MGLS) is developing a gamified learning experience through which users can get educated about investing and building wealth in a simplified way. Throughout its ecosystem, anyone will be able to engage in simulated trading, and they can access an investing environment through which they can practice their skills and improve their performance.
To start the game, every player receives $100,000 in virtual currency. Players can then create a portfolio and use this balance. Only 20% of the balance can go to a single trade in order to mimic real-world trading more efficiently. Any of the profits earned can then be converted into cashable returns.
Another major aspect of the Meme Moguls ecosystem is Moguls World, a dedicated Metaverse in which players can connect, mine tokens, gain access to liquidity pools, and even stake their tokens. Recently, MGLS reached Stage 5 of the presale, where a single token trades for $0.0036. At launch, analysts are anticipating 100x in gains for this DeFi project, making it one of the hogget meme-inspired cryptocurrencies of the year,
Summary
As far as meme coins go, Shiba Inu and Dogecoin are the industry’s largest currently, but their recent on-chart performance has left a lot to be desired from traders. As a result, the upcoming Meme Moguls ecosystem represents a solid opportunity for users to jump into a world of simulated trading and get the best possible outlook.
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