With the bull market on the way, whales have been on an accumulation spree. This is part of their plans to benefit from altcoins with bullish potential. The three top altcoins on their watch list are Dogecoin, Meme Moguls, and Binance Coin.
Dogecoin (DOGE) Network Activity on the Rise
In a recent update on X, analyst Ali discussed the increasing network activity of Dogecoin. He pointed out that Dogecoin is undergoing significant network growth. This rise in network activity is a positive indicator for Dogecoin. It also predicts a possible upward price movement.
Moreover, data from Santiment highlighted that both the number of active DOGE addresses and the trading volume of the coin saw an uptick between December 14th and 24th. This trend supports a potential for a bullish price trajectory.
Dogecoin price is currently in an uptrend that started on October 18, 2023. The DeFi coin has been trading between $0.089637 and $0.097010 in the past week. Dogecoin has increased 1.5% and 19.4% in the past week and month.
Binance Unveils AI Gaming Platform, Sleepless AI
Binance, one of the largest cryptocurrency exchanges in use today, has recently launched a new Launchpool community-cultivated project called Sleepless AI. This is a Web3 and AI game platform where players can stake BNB, FDUSD & TUSDS into special pools to mine tokens. Employing both A.Blockchain,Sleepless AI, and I hope to bring about a revolution in the gaming world with an entirely new kind of experience for players.
It has its own AI token which is called $AI; it can be used to get discounts, make in-game purchases, participate in governance, and earn fees. For those interested in staking, this webpage will be available from 08:00 on December 28, 2023. This setup will be available by about 24 hours before the actual Launchpool gets rolling.
Meanwhile, the Binance Coin (BNB) has increased 18.7% in the past week. The token rose from a low of $251.32 to a high of $301.30. Additionally, Binance Coin price has skyrocketed 28.2% in the past month. Analysts are forecasting that Binance Coin will pump to $350 in Q1 2024.
The Meme Moguls (MGLS) Project and Its Features
Meme Moguls (MGLS) is launching a unique play-to-earn DeFi project that will offer users a chance to hone their gaming and real-world financial skills. Players get to explore various games and competitions on the platform. On Meme Moguls, they do more than just play games; they can also earn rewards.
On the Meme Moguls platform, gamers and meme coin aficionados can also establish their own tournaments. This structure promotes a lively, competitive environment by allowing for the establishment of reward pools and registration fees. “Beat the Market” is a fun game mode on Meme Moguls.
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
Players compete against prominent financial indexes such as the S&P 500. What exactly is the goal? During the game, outperform the SPY500. This mode is not only entertaining but also educational. It puts players’ strategy and market knowledge to the test. The ultimate goal is to outperform the index by the game’s final trading day.
Meme Moguls is so much more than just a gaming platform. It is an educational DeFi project that provides consumers with a one-of-a-kind approach to improve their investment abilities. Participants learn information and earn rewards as they compete and engage. This illustration depicts a platform that mixes gaming, learning, and income.
Conclusion
Dogecoin, Meme Moguls, and Binance Coin are the top altcoins on the whales’ radar. Nonetheless, Whales took a special interest and received presale tokens similar to Meme Moguls.
This is owing to their limited market capitalization and strong price potential. Meme Moguls MGLS is currently trading at $0.0025. Analysts predict that the price of the DeFi coin will increase 100x in Q1 2024.
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Source: https://www.analyticsinsight.net/top-three-coins-on-whales-watch-list-dogecoin-meme-moguls-and-binance-coin/