Lately, meme tokens have been leading the crypto market, with MGLS, Dogecoin, and Solana-based BONK being at the fore. But, among them, Meme Moguls (MGLS) has a clear lead. This new project, which is still in its presale phase, has shown tremendous growth potential. Therefore, its first three presale stages were sold out instantly, and the fourth one is selling out faster.
Solana’s Growth Spurs BONK’s Rise
Both the Solana blockchain and BONK have been moving upward lately due to their symbiotic relationship. Notably, BONK is a dog-themed meme token based on the Solana blockchain. Now that the Solana network is rising, BONK is reaping its fruits as well.
Interestingly, the trading price of BONK has increased by more than 182% in the past month. Therefore, the current trading price of Solana-based meme tokens has reached $0.000013. However, BONK’s market value has declined by 11% in the past week.
Meanwhile, the Solana blockchain has seen a renewed surge in its network activity. Solana’s NFT transactions have nearly doubled in the past few weeks. This has boosted Solana’s price, which is now up by 68% on the monthly chart. Consequently, a SOL token is trading at $107.88.
Dogecoin Miners Sell Their Holdings
Despite witnessing a rise in its market value, the Dogecoin network is facing a challenge. The latest on-chain data shows that Dogecoin miners are selling their tokens aggressively. As per IntoTheBlock, the Dogecoin miners have sold about 270 million tokens in the past month.
The market value of these tokens is approximately $24 million. Now, experts believe that this development can cause a decline in the price of the largest meme token.
Meanwhile, the trading price of Dogecoin has increased by over 6% on the monthly chart. Hence, Dogecoin currently stands at $0.0916.
MGLS Shatters Presale Growth Records
About 48% of meme coin investors consider tokens as a long-term investment option. To further solidify this notion, a new meme coin, Meme Moguls, has presented a first-of-its-kind business plan. While existing meme coins are based on hype, this new project offers tangible utility.
The platform has announced plans to launch simulated games, where players can invest in virtual stock markets. Notably, Meme Moguls is the first crypto project to introduce such a disruptive business plan.
Here, each player will receive $100,000 in virtual cash to build an investment portfolio. To make it more real, the platform will not allow players to invest more than 20% of their virtual cash in a single investment. Hence, players here can learn and earn simultaneously.
The platform will have several modes. This includes Beat the Market, head-to-head individual trading battles, or trading tournaments with a massive prize pool. Players can join free or paid trading tournaments, and win meme collectibles, like PEPE and DOGE, and cash rewards.
The Meme Moguls ecosystem will have MGLS as its native cryptocurrency. The fourth stage of the project’s presale has begun. Currently, an MGLS token is available for $0.0027, which is around 50% more than its initial price.
Moreover, market pundits expect the value of the project to go up by 100x within a year. Notably, there will be no buy or sell taxes on the platform. Presale token owners can also win giveaways worth $10,000 at each stage.
Learn more about the $MGLS here:
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