With its market cap reaching over $11 billion at one point, many are wondering if Shiba Inu (SHIB) is still a good investment or just another pump-and-dump memecoin. Today, we look closer at why some experts believe that Eos (EOS) and Meme Moguls (MGLS) may be safer bets for investors in 2024. Let’s examine the Meme Moguls presale launch and what sets it apart from other memecoins.
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Meme Moguls (MGLS): Predicted 100x Growth Potential and Presale Opportunities
Coincodex.com reports that Dogecoin has made 478 individuals millionaires despite its perceived limited utility. Now, envision a cryptocurrency combining a viral appeal of a memecoin with broad utility and a modest market cap. Enter Meme Moguls (MGLS), a platform aiming to create 100 millionaires within its first three months after launch.
Meme Moguls can be described as the world’s first meme-based stock exchange. It allows users to dive into a diverse range of meme assets and then profit from the memes’ success as they share in the spoils of their popularity. Do you have the skills to get to the top of the Wealth Leaderboard?
Meme Moguls ( $MGLS ) Official Links
ALWAYS. VERIFY. pic.twitter.com/5ui7MPkI5Y
— Meme Moguls (@meme_moguls) November 20, 2023
But while Meme Moguls encourages competition, community spirit is at the heart of the project’s ethos. Users can work together to analyze meme trends, share trading strategies, and invest in memes collectively. This fosters a sense of collaboration and support within the Meme Moguls community.
The MGLS token is used to facilitate meme-based stock exchange transactions. It also serves as a governance and staking token, giving holders a voice in the project’s development and allowing them to earn passive income through staking rewards.
With its presale launch offering early investors discounted rates ($0.0021 per token) and exclusive bonuses, it’s no surprise that Meme Moguls has already gained a dedicated following. Analysts predict 100x growth is on the cards if this momentum continues.
Shiba Inu (SHIB)’s Price Drop and Recovery Efforts
Few altcoins have matched the explosive growth of Shiba Inu (SHIB) when it first hit the market in late 2020. Those who bought in early become millionaires overnight with investments as little as $100.
However, Shiba Inu couldn’t sustain such a rapid rise and soon dropped to a low of $0.00000547 in June 2023. The current price of $0.00000854 shows that the token is slowly picking up steam again, but the question remains: what’s in store for SHIB in the future?
Shiba Inu’s price prediction depends largely on the success of ShibaSwap and Shibarium as the ecosystem expands beyond just a meme token. Analysts note that surpassing Dogecoin is a pipe dream, but the token still has the potential to revisit the all-time high of $0.00007489 in a retail-driven bull run.
The chart indicates that the next resistance level is positioned at $0.000010. Closing above this level would likely lead to an instant pump to $0.000020, with a further break igniting a fresh bull run. Still, Shiba Inu is unlikely to outperform the newer, more innovative Meme Moguls during the presale phase.
Eos (EOS)’s Initiatives in Japan and Turkey
EOS rose to challenge Ethereum in 2018 as the leading blockchain for decentralized applications (Dapps). People bought into the EOS vision, and the project went on to achieve a $4 billion market cap within months.
However, the adoption never matched the hype, and the price of EOS has been on a downward trend since. EOS trades at around $0.70, a significant drop from its all-time high of over $22 in 2018. However, hope is in the air as EOS looks like it could be on the cusp of a major breakout.
EOS is working hard across the world to improve its blockchain infrastructure and attract developers. It recently got approval to be added to exchanges in Japan, with Binance Japan now supporting trading for EOS. Elsewhere, EOS is working with CoinTR to boost blockchain development in Turkey.
The EOS daily chart shows that the price has climbed from $0.523 in mid-October to a current price of $0.70 as EOS bounces higher from its 50-day EMA. There is little holding EOS back from the $2.00 zone if it can break above $0.80.
For more information about the Meme Moguls (MGLS) presale:
Website: https://mememoguls.com/
Buy presale: https://app.mememoguls.com/sign-up
Twitter: https://twitter.com/meme_moguls
The post Shiba Inu Weekend Price Prediction [SHIB] , EOS (EOS) and Meme Moguls (MGLS): Uniting Forces in the Crypto Landscape appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/shiba-inu-weekend-price-prediction-shib-eos-eos-and-meme-moguls-mgls-uniting-forces-in-the-crypto-landscape/