In the cryptocurrency space, innovation is the name of the game. Recent developments from key players like dYdX (DYDX) and Injective (INJ) highlight the continuous evolution and diverse avenues within the crypto space. However, the emergence of Meme Moguls (MGLS) may cause a stir in the community as it aims to leave them in the dust.
dYdX (DYDX): Chain Enters Beta Phase
dYdX (DYDX), a pioneer in DeFi, has reached a significant milestone with the commencement of its Beta phase for the dYdX Chain. Announced by dYdX on November 13th, this pivotal moment will open the door for traders to engage in limited trading activities on the dYdX Chain.
After this dYdX news, its value increased from $3.07 to $3.26 on November 14th. Also, its market cap surged from $562M to $596M in that same period. Its technical analysts paint a bullish picture for dYdX as its moving averages and technical indicators are in the green.
Coincodex experts have made a bullish dYdX price prediction as this coin gains momentum. They foresee a potential dYdX price surge to $3.74 within Q2 of 2024.
Injective (INJ): Introduces Ninja Ambassador Portal
Injective (INJ) is taking community engagement to new heights with the launch of its Ninja Ambassador Portal, developed in collaboration with BonusBlock. This innovative portal will provide Injective protocol ambassadors with a place to monitor their advancement within the community.
After Injective announced this development on November 10th, the INJ coin price skyrocketed from $15.94 to $19.01 on November 11th. However, those gains are gone as the Injective price sits at $15.58 on November 14th.
Nevertheless, market analysts remain bullish as they believe that Injective’s commitment to community involvement and decentralized innovation may prove beneficial in the long run. They have made an Injective price prediction stating it could surge to $16.99 by December 2023.
Meme Moguls (MGLS): A New Era in Meme-Based Assets
Amidst these developments, Meme Moguls (MGLS) is leading the way in reshaping the landscape of meme-based assets. This project aims to generate countless moguls by creating the world’s first meme-backed stock market.
One feature that is sure to excite many individuals is the Mogul Land. In this metaverse world, you can connect with countless individuals globally, mine, or even stake your tokens. This collaboration with fellow meme enthusiasts further enriches the experience.
Additionally, if you are competitive, know there will be a wealth leaderboard. Trade, buy and sell meme-based assets, and you will climb the ranks, earning many prizes along the way. By participating in the Meme Moguls community you may even win $10,000 as this project will have a giveaway at the end of each presale stage.
Currently valued at just $0.0019 and in the Beta stage of its presale, the MGLS token is in great demand. It boasts a lower market cap compared to dYdX and Injective. In other words, it will surge much easier as fewer new funds are needed. Experts foresee the likelihood of a 100x surge for MGLS, making it the most exciting utility-based memecoin in 2023.
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Source: https://www.analyticsinsight.net/dydx-dydx-and-injective-inj-surge-due-to-new-developments-can-meme-moguls-mgls-be-a-growth-wild-card/