Ethereum (ETH) holds steady while Shiba Inu (SHIB) investors switch to Meme Moguls (MGLS)

While Ethereum stays steady and Shiba Inu dips, a new player joins the crypto game: Meme Moguls. This exciting platform is currently in its presale, giving you a chance to be part of the Meme Moguls revolution before it takes off!

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Ethereum (ETH) Shows Stable Growth Despite Market Ups and Downs

InvestorsObserver has ranked Ethereum as having “low volatility” with a score of 18 out of 100. Hence, the price of Ethereum is less likely to experience sudden and dramatic changes. Therefore, Ethereum is a more stable and predictable investment for investors.

Currently, ETH is trading at $2,177.15, with strong support at $2,130.22 and resistance at $2,324.78. This suggests that the price of ETH has room to grow before facing significant selling pressure.

Additionally, Ethereum has shown promising performance recently. ETH has experienced a 6.16% increase in price over the past month. This positive trend further reinforces investor confidence in Ethereum’s long-term potential.

Shiba Inu (SHIB): New Burning Mechanism Raises Hopes, But Price Struggles

Shiba Inu has implemented a fresh burning phase with the goal of boosting the value of its ecosystem token, SHIB. The burning process on Shibarium directly links to the network’s transaction volume.

A higher volume of transactions translates to a greater amount of Shiba Inu tokens being burned, and vice versa. This design aims to incentivize network usage and potentially increase the value of SHIB over time.

While the burning mechanism holds promise for the long-term health of the Shiba Inu ecosystem, it hasn’t yet translated into immediate price gains.

At press time, Shiba Inu is trading at $0.00000944. Shiba Inu is reflecting a 1.92% dip in the past 24 hours, and a 5.93% decline over the past week.

Meme Moguls (MGLS): The Next Big Thing in the Meme World

Have you ever dreamt of capitalizing on the explosive growth of viral memes like Pepe, Shiba Inu, and Dogecoin? Now, with Meme Moguls, you can! This captivating play-to-earn game will immerse you in a thrilling world of fantasy meme market trading, allowing you to buy, sell, and trade your favorite memes for real profits.

The meme industry is massive, valued at $2.3 billion in 2020, and expected to reach a staggering $6.1 billion by 2025. Forget stocks, shares, and crypto – Meme Moguls is revolutionizing the meme space. The project will allow users to create custom avatars using their favorite memes, and build their fortune through savvy meme trading.

MOGULS!! 🔥
Are you ready to change the landscape? 🧑‍🌾 With one of the biggest airdrops of 2024 👀 Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt

— Meme Moguls (@meme_moguls) December 8, 2023

As users climb the ranks, they’ll unlock exciting features like character NFTs, rare items, and an opportunity to sell their creations on the open marketplace.

But it doesn’t stop there. With Meme Moguls, users will earn rewards simply by playing. Users can stake MGLS tokens to earn passive income, or participate in exciting gameplay to unlock valuable loot boxes containing rare NFTs and meme assets. These NFTs can be sold on OpenSea, or the Moguls Marketplace, giving users more ways to earn.

Are you a meme expert with an eye for the next big trend? Meme Moguls is your chance to put your skills to the test, and build a substantial income stream. The presale is currently in Stage 1, offering tokens at a discounted price of $0.0021.

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