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As the cryptocurrency market rebounds, three projects have caught the eyes of experts. These are Shiba Inu, Meme Moguls, and Polygon. Meme Moguls and Shiba Inu are both expected to rally over the next few weeks, while Polygon could increase in value if it can rebuild its momentum.
Over the last 24 hours, one Shiba Inu investor has become a SHIB "trillionaire." According to data on Etherscan, one Shiba Inu whale has amassed 1.14 trillion SHIB tokens, which are estimated to be worth $10.66 million at the time of writing.
The crypto wallet previously held over $900 billion SHIB tokens, though a transfer of 200 billion SHIB from Binance pushed the wallet over the $1 trillion threshold.
This news has made waves throughout the Shiba Inu ecosystem, and Shiba Inu's price has increased by 1.35% over the last 24 hours. Shiba Inu is now trading at $0.00000933 and has a market cap of $5.5 billion.
In 2021, Polygon (MATIC) was hailed as one of the best altcoins. It reached an all-time high of $2.92 and was compared to projects like Solana. However, Polygon has faced significant crashes since its last bull run. MATIC is down 71.15% from its all-time high, and now Polygon faces selling pressure as crypto whales lose confidence in the project.
As confidence decreases, record amounts of MATIC tokens are being sold on exchanges, and Polygon has fallen out of the top 20 ranked cryptocurrencies by trading volume. This decline suggests that investors now have a bullish outlook toward Polygon, which could limit its growth.
However, Polygon is slowly rebuilding its momentum. Over the last month, MATIC increased in value by 6.78%, and Polygon's daily trading volume is up by 11% in the last 24 hours. Should Polygon investors capitalize on this momentum, Polygon could recover to $1 during the next crypto bull run.
The highly successful Meme Moguls presale will end on February 28. Having already seen returns of 90%, investors are preparing for additional price rallies after Meme Moguls lists on Uniswap and several other exchanges.
This highly anticipated event has attracted thousands of new investors to the Meme Moguls ecosystem, which has quickly become one of the most talked about projects in the market.
Over the next week, Meme Moguls developers will showcase the different features of their upcoming game in a game preview. As part of this preview, investors will be able to gain insights into how the game will work, how its virtual stock market operates, and the different game modes available.
On March 11, Meme Moguls will test phase 1çone of its game launch, where investors will be able to dive into the action for the first time. Post-launch, the price of Meme Moguls tokens is expected to increase dramatically.
Investors can buy $MGLS tokens for $0.0036 via the Meme Mogus website. Within the next year, experts predict that $MGLS could pass $0.19, making Meme Mogus one of the most highly anticipated projects of 2024.
