The Rise of Dogecoin, Shiba Inu and Meme Moguls: Three Disruptive Memecoins In The Crypto World

Memecoins are no longer a joke to be ignored. The rise of Dogecoin (DOGE) and Shiba Inu (SHIB) made millionaires of early investors and showed the potential of memecoins in the crypto world. Meme Moguls (MGLS) is taking a unique approach to this booming industry, but early predictions suggest it could be the next big thing. Let’s take a closer look.

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Meme Moguls (MGLS): Aiming to Surpass Dogecoin and Shiba Inu

Meme Moguls sets itself apart from popular memecoins like Dogecoin and Shiba Inu by transcending the role of a mere cryptocurrency to establish the world’s first meme-backed stock exchange.

This innovative approach allows users to invest in individual memes and build a portfolio of meme-based assets. So, channel your inner Elon Musk by finding the next big meme and cashing in on its success.

The Meme Moguls platform is designed to foster a strong sense of community among its users, encouraging them to share, discuss, and explore the world of meme-trading together. There’s also a Wealth Leaderboard to track top investors and inspire those looking to level up their meme game.

Meme Moguls operates with its native token, MGLS, which plays a crucial role in the ecosystem. These tokens are used for transactions within the platform and offer numerous benefits to the holders, including trading privileges, staking rewards, voting rights, and access to exclusive features.

Alongside the staking rewards, users can also win unique NFTs by completing activities within the platform. The team is even giving $10,000 to a lucky user at the end of each presale stage. These incentives aim to encourage early investment and continued participation in the platform.

As the platform gains traction, the potential for MGLS tokens to increase in value adds another layer of excitement for early participants. It can now be bought for $0.0021 during the first presale phase, but this price is expected to rise any day now when the soft cap is reached.

Dogecoin (DOGE): Anticipating Mainstream Attention

Dogecoin is still the number one memecoin in terms of market capitalization. While it doesn’t have the utility of Shiba Inu or Meme Moguls, it has become a household name in the crypto world thanks to its endorsements from Elon Musk.

Dogecoin is now trading at $0.084 after rallying 29% from $0.065 one month ago. While the general bullish sentiment in the market can be attributed to this growth, other factors at play have contributed to Dogecoin’s recent rise.

One factor is the ‘Doge-1’ Moon Mission, which will take a physical Dogecoin to the moon later this month. The mission has got regulatory approval, so it won’t be long until Dogecoin is in the mainstream news and again at the forefront of public consciousness.

Dogecoin’s 2021 performance showcased its ability to captivate retail investors, and with expectations of a bull market in 2024, it’s plausible that Dogecoin could surge by 10x to $0.84 — a new all-time high. However, Dogecoin must first surpass the critical resistance level between $0.10 and $0.11

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Shiba Inu (SHIB): Building Beyond a Memecoin

The 2020/21 Shiba Inu pump will go down in history as one of the most explosive rallies ever seen in cryptocurrency trading. Those who got on early became millionaires in weeks as Shiba Inu aimed to take down Dogecoin as the leading memecoin.

Shiba Inu was nothing more than a community vision with zero utility. However, the team saw the potential of its brand and has built a fast-growing ecosystem that consists of other tokens, a layer-2 scaling solution, and a decentralized exchange. These additions are now making Shiba Inu a project to watch out for.

Shiba Inu’s price action is heavily influenced by the sentiment in the market, and the bullish optimism around a Bitcoin ETF has seen its value surge in recent weeks. Moreover, the 50% uptick in daily transactions on Shibarium (a layer-2 scaling solution) in the past week suggests that Shiba Inu’s utility is rising.

Now priced at $0.00000844, the technical analysis of Shiba Inu’s chart shows a consistent challenge to the $0.000010 resistance level. Surpassing this threshold could rapidly propel the token to its next significant resistance level at $0.000020 before a full-blown bull market.

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