The post Meme Moguls (MGLS): Rising Challenger to Dogecoin and Pepe appeared first on Coinpedia Fintech News
The rise of meme-based cryptocurrencies has been fascinating, and amid this digital frenzy, a new contender is emerging – Meme Moguls (MGLS). While Dogecoin (DOGE) and Pepe (PEPE) have held their ground in this space, Meme Moguls aims to carve its niche in this vibrant market.
Dogecoin (DOGE) is gathering momentum as its user base expands. Recently, IntoTheBlock’s report revealed over 5M Dogecoin addresses with a balance, which signifies growing interest and engagement within the DOGE community. In addition to this, technical indicators suggest a bullish tilt.
Notably, the MACD histogram demonstrates increasingly positive trends, indicating an imminent bullish crossover in the MACD lines. Over the past 30 days, Dogecoin has shown a solid performance, marking 63% green days with a modest 5.96% price volatility. The Dogecoin price has increased from $0.069 on October 29 to $0.077 on November 28.
With such momentum, experts anticipate it to surge to $0.0880 by December 2023 in their Dogecoin price predictions. This shows a bullish trajectory for the meme-inspired cryptocurrency. However, this growth may not be appealing to some traders looking for projects with a lot more upside potential.
The Pepe (PEPE) community was recently stirred by a significant development initiated by its core team, unveiling a staggering 418B PEPE tokens on Binance. This bold maneuver, strategically aimed at enriching Binance’s-earn program, triggered a surge in bullish sentiments among investors.
This move initially propelled the Pepe price from $0.0000011 to $0.0000012. However, subsequent market shifts have seen the price recede slightly to $0.000001084 by November 28. Despite this temporary dip, Pepe remains above its 21-day EMA, suggesting a positive market positioning.
When looking at some Pepe price predictions, it is clear that experts in the field foresee potential growth. They predict Pepe will surge to $0.000001 before the year ends.
While Dogecoin and Pepe are showing some positive signs, they may not be able to compete with the long-term growth potential of Meme Moguls (MGLS). This project will introduce the very first meme-driven stock market operating on the blockchain.
It has sparked tremendous enthusiasm within the crypto sphere. Currently, Meme Moguls is in stage one of its presale, with MGLS tokens being offered for just $0.0021. This value has triggered a demand among traders eager to secure their slice of MGLS before its meteoric rise.
Beyond merely serving as a trading platform, Meme Moguls will allow you to connect with like-minded individuals to share new trading strategies or compete. The primary objective is to reach the top of the Meme Moguls Wealth Leaderboard.
While the trading exchange takes center stage, the team’s roadmap reveals plans for three additional components:
According to Statista, the meme market will soar to $6.1B by 2025. Meme Moguls could become a dominant force in this domain with these innovative components.
Compared to Dogecoin and Pepe, MGLS has a competitive edge – its low market cap. In other words, the MGLS price will rise way more quickly than its rivals as fewer new funds are needed. Because of this, experts are predicting a 1,000% growth for MGLS before its presale finishes.
Those who purchase it now may capitalize on this growth. Not only that, but they will also participate in a $10,000 giveaway, which will occur at the end of each presale stage.