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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Going by the current market trends, crypto investors expect a boom in the market this year. Therefore, growing projects, especially meme coins, have gained much attention. Dogecoin and Shiba Inu were already on the list. However, a new project, Meme Moguls, has emerged as the best investment option for its massive growth potential in 2024.
The Dogecoin community is under stress as the meme token is losing its place to other cryptocurrencies. The latest crypto to surpass Dogecoin by market capitalization is Avalanche.
Earlier, Cardano had overtaken the largest meme coin, Dogecoin. Given this trend, Polkadot can also usurp Dogecoin from its 10th position. According to experts, the inability of DOGE to register any massive breakthrough has been the prime reason behind this trend.
Due to regular ups and downs, Dogecoin has been struggling to reach the milestone of $1 for a long time. Meanwhile, Dogecoin's trading price has increased by 6% in the past month and currently stands at $0.0916.
The Shiba Inu ecosystem has kickstarted 2024 with a high burn rate. As per the latest on-chain data, the burn rate of Shiba Inu has increased by more than 2552% on January 1. The data shows that until now, a total of 410,680,586,707,785 SHIB tokens have moved to dead wallets. If calculated on the basis of the current market price, these tokens are worth over $4.2 billion.
According to market experts, such large-scale token burns can create inflationary pressure on Shiba Inu. Meanwhile, the trading price of Shiba Inu has risen by about 24% in the past month. Hence, the current price of Shiba Inu has increased to $0.000011.
The enormous price rise of meme coins has been a prime factor behind the boom in cryptocurrencies' popularity. The market value of Shiba Inu has soared by over 816,000% since its inception. However, around 70% of crypto investors think that the majority of meme coins are scams.
Most meme coins are based on hype and do not offer any tangible utility. To solve this issue, Meme Moguls, a new crypto project, has come up with a novel business roadmap.
Meme Moguls is a play-to-earn meme coin, with MGLS being its governance token and in-game currency. The project has developed a gaming-based ecosystem. By offering a simulation investing feature, the Meme Moguls game will enable people to trade and earn money, and rewards.
By improving their in-game ranking, players can also become "moguls." This status will enable them to generate additional income by sharing their trading expertise. Additionally, the platform will introduce a Wealth leaderboard, where the top 20 moguls will share a cash prize pool. This prize pool will be created from a percentage of the project's daily revenues. Therefore, if you join the project early, you can earn more.
The whitepaper of the project states that a total of only 3 billion MGLS tokens will be in circulation. Moreover, 60% of these tokens will enter the market during the presale round. The platform's presale phase is currently undergoing stage 4.
A token now costs $0.0027, which shows approximately 50% rise from its starting price. Additionally, there is no buy or sell tax on the platform. So, lock your tokens now and earn big. Experts believe that this project will offer 100x returns to its users in the first year.
