Shiba Inu (SHIB) recently underwent a token-burning event, which resulted in a price increase and a significant surge in appeal for the project. It even caught the attention of renowned crypto analyst Ali Martinez, who gave a bullish outlook on its future.
In the meantime, Meme Moguls (MGLS) has captured traders’ attention with the performance of its presale during its crypto ICO and the overall appeal of its vast ecosystem. We will be going over both of these projects to see just how far they can rise in value.
Shiba Inu (SHIB) Projected to Spike According to Ali Martinez
Shiba Inu (SHIB) saw an increase in its on-chain data following its burning event that removed over 8.5 billion tokens in total. This can positively impact the SHIB value. The program has so far burned 41% of the total Shiba Inu supply. Shibarium, the Layer-2 network, is contributing towards this price increase as-well as it surpassed 150 million transactions.
Prominent crypto analyst Ali Martinez reported how this could lead to a price increase of the Shiba Inu crypto. SHIB traded between $0.00000959 and $0.00001165 during the past week, indicating that a bullish pattern is forming. According to the Shiba Inu price prediction, it can reach $0.000017 in 2024.
Meme Moguls (MGLS) to Become Major Part of $6.1B Meme Market by 2025
Meme Moguls (MGLS) will be the first community-backed exchange where users can access a Play-to-Earn (P2E) ecosystem through which they will be able to monetize their experiences and learn in the process.
Anyone can learn about investing and can even build wealth through an innovative approach. Each player will begin with a total of $100,000 in virtual cash. They can create a portfolio and begin engaging in the simulations.
Throughout this process, each player can complete challenges and turn the simulated profits into cashable returns.
Members of the community also gain the capability to set up tournaments and can create prize pool buy-ins. There is a game dubbed Beat The Market. Here, players battle to outperform the real-world index S&P 500. This can drive engagement further.
The ecosystem will also feature Moguls World. This is a Metaverse where players can connect, mine tokens, join liquidity pools, and stake them.
To earn more MGLS tokens, players can contribute their existing balance within the Meme Moguls taking pool. They become eligible for rewards based on their share of the pool and the percentage of the annual returns. All of these aspects make it the best cryptocurrency to invest in during its crypto ICO.
Summary
While Shiba Inu could soon see an upswing in value, many are eyeing the Meme Moguls presale. During its current Stage 3 presale, a single MGLS token trades for just $0.0025. At launch, analysts are expecting the crypto to see an upswing of 100x, especially once it’s listed on major Tier-1 exchanges. According to data from Statista, the meme industry was valued at $2.3 billion in 2020, and this figure can spike to $6.1 billion by 2025. Even if Meme Moguls gains a small portion of this market, it can become a major player in the industry.
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Source: https://www.analyticsinsight.net/major-crypto-analyst-bullish-on-shiba-inus-future-meme-moguls-to-become-major-part-in-6-1b-market/