In December, the cryptocurrency industry witnessed an unparalleled surge, mainly due to the meteoric rise of meme coins. Dogecoin (DOGE), Bonk (BONK), and Meme Moguls (MGLS) dominated the headlines, creating a frenzy among traders. However, Meme Moguls stands out with a new ICO that many experts predict will potentially rise 100x in 2024. In this article, we will analyze all three tokens and decide on their future.
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Dogecoin (DOGE): The first meme in space
Dogecoin (DOGE), the original meme coin, has been a darling of the cryptocurrency world for years. The value of Dogecoin has been soaring recently. SpaceX launch plan Soon the first Doge-1 satellite will go to the moon. This event represents the first cryptocurrency and meme in the universe as a physical representation of the DOGE token is transferred.
In terms of Dogecoin’s price performance, it has been on the rise since early December. It rose from $0.08 on December 1st to $0.09 on December 11th. Technical analysis also paints a bullish picture with the value staying comfortably above the 100-day and 200-day EMAs.
Cryptocurrency experts are excited about the upcoming satellite launch. DogCoin price It will reach $0.10 before the end of December. As the hype around this event grows, Dogecoin remains one of the altcoins to watch.
BONK: Remarkable growth
Similarly, Bonk (BONK) has achieved tremendous growth, rising 473% over the past month. This surge originated from popular cryptocurrency exchanges. KuCoin lists Bonk cryptocurrency.. After this news, its value surged from $0.0000037 on November 28 to $0.00001193 on December 11.
From a technical perspective, the sentiment surrounding Bonk is bullish. There are currently 18 technical indicators in the green, bonk price It is above the 21-day EMA.
According to market analysts, this altcoin has the potential to reach a value of $0.00001168 before the end of 2023. They believe that Bonk will slowly move up the list of DeFi cryptocurrencies and could make a big splash in 2024.
According to Statista, the meme industry value could reach $6.1 billion by 2025, and Meme Moguls (MGLS) aims to capitalize on this by bringing something new to the table. We are launching our first money-making game where you can learn more about investing or building wealth through meme-based assets.
Simulated investing and head-to-head competitions are just some of the features that Meme Moguls has to offer. For example, it includes an in-game marketplace where you can buy, sell, and trade the items you collect.
Big guys!! 🔥
Are you ready to change your scenery? 🧑🌾 Get ready 🙌 with one of the biggest airdrops of 2024!! $MGLS Agriculture. Coming soon… pic.twitter.com/9UPUeV5klt
— Meme Moguls (@meme_moguls) December 8, 2023
The DeFi project also recently announced a new Farming feature. This allows you to earn coins by actively contributing. Participating in the platform helps advance the Meme Moguls ecosystem. This is a great opportunity to earn more MGLS tokens.
All these features are powered by the MGLS token, making it a meme coin with utility. It serves as both a governance token and in-game currency. Owning it will grant you many benefits and exclusive rewards.
Currently in the first pre-sale stage, the price is only $0.0021. However, as this cryptocurrency ICO event progresses, further price increases will occur. Some experts even expect it to rise to $0.19 in the first year of operation.
This prediction may seem strange, but according to a Crypto Basic report, Shiba Inu provided buyers with a 1.6 million% ROI in three years. Meme Moguls has the same potential and could soon join the list of top five cryptocurrencies.
way to become rich
As December approaches, the meme coin market is on fire, led by Dogecoin, Bonk, and Meme Moguls. However, Meme Moguls can outshine their peers because they have many advantages. For example, DOGE and BONK rely on hype, which leads to price volatility, while they have real utility.
Moreover, its low market capitalization of $6.3 million suggests that MGLS could experience a much faster rise in value as it needs less new funding. All of these reasons are why the Meme Moguls presale has performed exceptionally, raising over $238,591 USDT so far.
For more information about the Meme Moguls (MGLS) pre-sale, see: