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Dogecoin (DOGE) and Polygon (MATIC) have seen significant strength over the past few months. But they are not the only ones dominating the market. Meme Moguls (MGLS) are also gaining momentum.
Phase 3 presale for Meme Moguls is sold out.
Meme Moguls is a peer-to-peer meme-driven ecosystem that helps traders improve their trading practices over the long term.
The platform will introduce real-time meme market simulations to immerse players into the world of trading.
Players have access to the fantastic world of meme trading and can create custom avatars. From here, they work their way up the leaderboard. In this way, they can unlock Mogul status and receive rewards.
There are also passive income opportunities. For example, those who want to earn more MGLS can donate their existing balance to the Meme Moguls staking pool.
By doing so, they can earn a fixed passive income. This is based on the shares in the pool and the annual return.
Players can create a portfolio, start with a virtual current balance, and convert simulated profits into cashable profits over time.
Moguls Land will also be part of this ecosystem, a dedicated metaverse where users can connect, mine tokens, and participate in liquidity pools.
Dogecoin is bullish
Dogecoin rose from $0.081 to $0.094 due to increased network activity.
DOGE now needs to break the critical $0.1 price barrier to gain more upside. The coin is trading above the 100- and 200-week exponential moving averages (EMA).
With a market capitalization of over $11.8 billion, the company is ranked 11th on the leaderboard, showing its resilience.
According to the latest Dogecoin price predictions, the meme coin could reach $0.1589 in 2024.
Polygon breaks through key resistance.
Polygon initially lagged other major coins in 2023, but analysts are optimistic about its prospects.
Altcoin Sherpa says MATIC could reach $1.20 in the medium term.
The token has been trading between $0.83 and $1.07 over the past week.
It also rose 10% last month.
summary
DOGE and MATIC upward trends indicate favorable market sentiment towards meme coins.
Meme Moguls is also gaining traction ahead of its release.
In pre-sale phase 4, MGLS is trading at $0.0027.
At the time of launch, analysts expect it to earn more profits once it is launched on Tier-1 exchanges.
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