THORChain’s trading volume has seen significant growth in November as it becomes the second-largest DEX in terms of trading volume. Additionally, Polkadot’s price is up, a sign of increased confidence among investors. Meme Moguls is building an immersive and engaging ecosystem. This platform will offer various features, one of which is staking.
THORChain (RUNE) Overtakes PancakeSwap’s Trading Volume
THORChain (RUNE), a decentralized liquidity and staking protocol, has seen its trading volume soar to $1.32 billion over the past week. This surge has pushed it to overtake PancakeSwap’s second spot in terms of daily trading volume among decentralized exchanges (DEXs).
On November 13th, the amount of trading on THORChain’s trading volume went high, reaching $334.3 million. This was more than PancakeSwap’s $286.8 million, as reported by DeFiLlama.Amid this time of high trading activity, THORChain RUNE price has skyrocketed by 57.9% over the past week to $5.09.
Similarly, THORChain price has also seen huge gains in the past 30 days with a 207.5% price pump. THORChain’s coin price rally began after its price dropped to $1.51 on October 19th. Currently, THORChain price prediction remains bullish as revealed by its technical indicators
Polkadot (DOT) Skyrockets To $5.90
Recently, Polkadot (DOT) caught investor’s attention following an improvement to its staking system. Notably, the launch of Polkadot Staking Dashboard 1.1 has positively influenced the price of the Polkadot. Ever since this update, the Polkadot cryptocurrency has been trading above $5.
Polkadot’s price surged past a declining resistance trend line, achieving a peak of $5.90 this week. This marks its highest level in 200 days. However, data from CoinMarketCap shows Polkadot’s value has dipped to $5.39, a 3.2% decrease.
Similarly, Polkadot’s CoinMarketCap and trading volume plunged by 8% and 3.17% on November 13th. However, Polkadot technical indicators are bullish, a sign that the token could see more gains in the coming days.
Meme Moguls (MGLS) Staking Initiative
Meme Moguls (MGLS) is an upcoming meme coin and play-to-earn project that aims to become as popular as Shiba Inu or Dogecoin. It plans to be the very first stock market/exchange backed by memes. Meme Moguls’ objective is to ride this trend and become a leader in the meme coin industry.
This innovative platform wants to change how people view memes and cryptocurrency trading. Its goal is to seamlessly merge these two worlds to create a unique and exciting experience. The project consists of various parts, including the Moguls Casino for gaming with meme-related assets and MGLS, its own token.
In addition, the Moguls Exchange Trading Platform allows for the trading of meme-based assets. On the other hand, the Meme Moguls Fantasy Trader section is where users compete for rewards. Another major part of the ecosystem is the Mogul Land. This is a virtual world where users can interact and collectively mine tokens.
Users can stake tokens in liquidity pools to increase their profits, and the ecosystem offers meme-inspired materials to help with trading decisions based on meme trends. There is a staking mechanism that allows users to earn more tokens by staking their MGLS tokens. Currently, the $MGLS token is available for $0.0019 in the ongoing presale. You can also stand a chance to earn up to $10,000 in giveaways if you join the presale.
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Source: https://www.analyticsinsight.net/thorchains-trading-volume-skyrockets-polkadot-reaches-200-day-high-memes-mogul-to-launch-staking-feature-for-passive-income/