Solana (SOL), Meme Moguls (MGLS), and Bitcoin (BTC) Take the Lead

The potential release of a Bitcoin spot ETF has peaked excitement in the DeFi market. This development is expected to trigger a new bull run, with Solana, Meme Moguls, and Bitcoin leading the way. Both Bitcoin and Solana are up in the last 24 hours, and Meme Moguls hit a new all-time high going into 2024. Now poised for further growth, here’s how each project is expected to perform during the next bull run. 

Solana Memecoin Success Continues In 2024

Solana’s memecoin growth is taking the Solana ecosystem to new heights. In a recent turn of events, the latest Solana memecoin, Dogwifhat (WIF), has surged by 141% over the last 48 hours, hitting $144 million in market capitalization. This growth has had a knock-on effect on Solana, which is up 12% in the last 24 hours. 

However, a recent report by CoinShares suggests that Solana’s growth might slow in January. According to experts, Solana’s outflows were higher than its inflows during the first week of the year. This implies a change in sentiment, with some investors turning bearish. 

The decline may have been triggered by Solana’s recent correction, in which it fell below $90 before quickly recovering in just 24 hours. Solana is now trading at $101.62, and its daily trading volume has passed $4.1 billion, up 40% overnight. 

Bitcoin Hits $46,600 As Investors Wait For ETF Approval

Excitement has peaked around Bitcoin, with the release of the United State’s first spot Bitcoin ETF imminent. According to Axios, the US Securities and Exchange Commission (SEC) plans to approve at least one Bitcoin ETF on January 10th. 

Approval would be a huge milestone for Bitcoin and is expected to drive Bitcoin to a new all-time high. Should any of the 13 applications be accepted, a Bitcoin ETF would be available from January 11th.  

As investors prepare for this historic milestone, Bitcoin’s daily trading volume has increased by 60.66% to $40 billion, and Bitcoin’s price has passed $46,600. This marks a monthly growth of 6.32%. 

Meme Moguls Takes The Lead In The Presale Market

Should ETF applications be accepted, the DeFi presale market is expected to boom. This is great news for Meme Moguls, which has already achieved several key milestones in just 4 presale stages. 

Meme Moguls is a new altcoin designed to connect meme lovers and investors. It introduces a new play-to-earn game where investors can profit in a virtual meme stock market. Investors will have $100,000 in virtual currency to build a portfolio and will earn lucrative rewards after they hit certain milestones. 

As part of its game, Meme Moguls will let players compete against each other. Free and paid tournaments will be available, as well as winner-takes-all competitions and games such as “Beat the Market”.

Meme Moguls tokens are available for $0.0027 during stage four of the project’s presale. The presale has already raised $1.5 million and continues to gain traction as investors look to capitalize on further price increases and a number of unique presale rewards. 

With its current growth rate, experts predict that Meme Moguls ($MGLS) will hit $0.19 in the next year. Given the affordable value of its current presale price, this growth would offer significant returns for presale investors, allowing them to make higher returns than those investing in Bitcoin. 

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