As the overall crypto market is bullish, leading meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen a surge in their popularity. However, a new project, Meme Moguls (MGLS), has shown a much better growth projection.
Its ongoing presale success has become the hottest investment talk in the market. If you are also looking to make quality investments, buying presale MGLS tokens can be a great option.
Meme Moguls’ Presale Success Stuns Investors
The profitability of meme coins has been one of the hottest topics in the crypto world. Recently, a Pepe holder turned $250 into $1.02 million in just four days when PEPE’s value shot off the roof. Although the crypto market is full of meme coins, 99% of them are not considered worthy of long-term growth due to lack of utility.
To address this concern, a new meme project, Meme Moguls, will soon enter the crypto market. It is a one-of-a-kind P2E meme token that offers multiple usability through its rich ecosystem. Meme Moguls’ ecosystem comprises a range of gaming-cum-learning activities.
Here, each player starts with $100,000 in virtual cash to create an investment portfolio. Then, through the Meme Moguls game, they learn how to invest and build wealth. The game has been carefully curated to give a feel of real-world trading. For instance, players can invest only up to 20% of their virtual funds in a single investment.
Moreover, it is not only about play but also about earning. By participating in these games, users can earn cash prizes, and meme rewards. If players are able to increase their in-game ranking, they could become ‘moguls.’ This title will allow them to monetize their trading expertise to earn a passive income.
MGLS will be the native token of the Meme Moguls ecosystem. Its presale is in stage 1, and an MGLS token is currently available at $0.0021. However, according to analysts, its market value can surge by 100x during the first year. So, hurry before all the presale tokens are sold out.
Dogecoin (DOGE) Attracts Whales
Although Dogecoin is slipping on the price chart, it has been able to attract whales. As per the on-chain data from IntoTheBlock, large holders of Dogecoin have increased their positions.
The data shows that the Dogecoin whales have accumulated about 1.32 billion DOGE tokens in a day. While the whales’ decision indicates a strong bullish sentiment, the price trajectory of Dogecoin (DOGE) is suppressed by bulls.
During the previous seven days, Dogecoin has witnessed a loss of 5% in its value. Therefore, the current trading price of Dogecoin (DOGE) has fallen to $0.0940.
Shiba Inu (SHIB) Rises In Key Growth Metric
The last few weeks have been quite encouraging for the leading meme coin, Shiba Inu. From its price to on-chain metrics, Shiba Inu has been posting positive figures in all aspects.
During the previous month, Shiba Inu’s market value has seen a rise of 10.5%. Consequently, the current trading price of Shiba Inu has jumped to $0.00000947. Meanwhile, the data from Santiment shows that the exchange supply of Shiba Inu (SHIB) has been declining for a couple of weeks.
This indicates that people are willing to hold their Shiba Inu tokens, anticipating some more gains in the future.
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Meme Moguls (MGLS) Chart Suggests It Could Surpass Dogecoin (DOGE) And Shiba Inu (SHIB) In 2024 appeared first on CaptainAltcoin.
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