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Shiba Inu (SHIB) is under pressure, looking at performance in the last week. The token is firm from a top-down preview and likely to rally in sessions ahead. Meme Moguls is another meme coin that offers unique gaming features, which could attract crypto traders.
Shiba Inu is trending lower
Shiba Inu is currently the second-largest meme coin by market capitalization.
SHIB peaked at $0.00008616 in 2021.
In 2023, Shiba Inu achieved notable milestones and network upgrades.
Even so, recent on-chain data shows a decrease of almost 50% in daily transactions on the Shibarium Network, which is the layer-2 platform for Shiba Inu.
Before Dec. 29, the average daily transactions were around seven million, but it dropped to four million afterward.
Despite these statistics, Shiba Inu may rally in 2024 if it improves its trading activity in Q1 2024.
Meme Moguls may shake the meme coin market
Meme Moguls prioritizes active earning and investment opportunities.
Its native token, MGLS, offers users an entertaining and educational gaming experience, allowing simulated investments, challenges for real cash prizes, and strategic portfolio management.
The platform’s community-centric approach extends beyond gaming, featuring user-created tournaments, head-to-head showdowns, and a leaderboard highlighting excellence.
Climbing the ranks grants prestige and opens doors to monetizing trading skills for passive income.
In addition, Meme Moguls offers a marketplace that provides rare NFT characters to enrich trading dynamics.
Moguls World introduces a metaverse for connections, token mining, participation in liquidity pools, and token staking for amplified returns.
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Source: https://crypto.news/shiba-inu-is-firm-as-investors-exploring-new-meme-coin-and-gaming-project/