The post New Meme Coin Targets $3 Million Milestone – Can It Outperform Dogecoin (DOGE)? appeared first on Coinpedia Fintech News
As cryptocurrency analysts predict the value of memecoins over the next quarter, one new project has caught their attention. With over $1 million raised in just one month, the project is now targeting a $3 million milestone before its presale ends. Some experts believe the new meme coin could outperform Dogecoin, which has made its presale popular among memecoin investors.
Dogecoin’s Network Increases – Will Its Price Follow?
As the world’s largest memecoin, millions of investors are asking whether or not Dogecoin’s value can continue to rise in 2024. After a significant crash in 2022, Dogecoin slowly recovered in 2023 and is now on track to hit $0.1 in January.
Analysts predict that 2024 could be a pivotal year for Dogecoin, and could determine whether or not the memecoin retains its reputation. A number of factors will influence its value, including celebrity endorsements, ecosystem developments, and institutional interest, which is currently on the rise.
Following its recent recovery, the Dogecoin ecosystem has come back to life. This vibrant and enthusiastic community is thriving once again, with Dogecoin memes being posted throughout social media platforms. Influencers such as Elon Musk have also helped to drive up Dogecoins’ value, with Elon recently naming a satellite after the memecoin.
One factor that could significantly determine Dogecoin’s value is institutional adoption. Rumours suggest that Dogecoin could soon be accepted as a payment system on X, which would significantly increase Dogecoin’s price. However, an official announcement is yet to be made.
Nonetheless, this potential milestone has triggered an increase in Dogecoins network expansion. This development was highlighted by the Global Head of News at BeInCrypto, Ali Martinez, who outlined that the number of new Dogecoin addresses has consistently reached new highs in December.
Currently trading at $0.093, Dogecoin has the potential to rise in value. However, given that its growth has been relatively slow, some experts believe a new memecoin, Meme Moguls, could offer stronger returns.
Meme Moguls Raises $1.3 Million In December
Currently, in the fourth stage of its presale, Meme Moguls has raised $1.3 million and attracted thousands of new investors. This captivating new project immerses players into a fantasy Meme trading world that offers a myriad of income opportunities and unique features.
Meme Moguls is the first project that lets players trade memes in a stock market style. It empowers players and lets them create custom avatars based on their favourite memes, all while building income streams with a meme portfolio.
As part of its Metaverse, players will be able to connect with like-minded investors, mine $MGLS tokens, and join liquidity pools to build passive income streams. For the first five years of the project, token liquidity will be locked, and team tokens will be locked for two years.
Analysts speculate that Meme Moguls will offer returns of 100x during its first year, with investors earning rewards throughout the presale. These include a lucrative $10,000 giveaway at the end of each presale stage, in addition to gadgets and more. $MGLS tokens are currently trading at $0.0027 in stage four.
For more information about the Meme Moguls (MGLS) Presale:
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Inside Bitcoins
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Crypto Intelligence
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