An Innovative Development in Comparison to DOGE and ETH

The world of cryptocurrencies is ever-evolving and in this fast-paced environment, it is challenging to analyze a cryptocurrency that can offer the best utility. Each crypto offers some unique characteristics and market features. 

This article will discuss three different cryptocurrencies, their characteristics, and their growth potential. These three cryptocurrencies include Dogecoin, Ethereum, and MemeMoguls. It will evaluate their utility and potential in the current market landscape.

It is to basically discuss the difference between the newly developed MGLS coin and those of Doge and Ethereum.

Dogecoin

Dogecoin (DOGE) is the original meme coin that has observed fluctuating fortunes. It is an open-source digital currency and Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney are the founders. The creators of this coin promoted it as a fun, light-hearted crypto that has characteristics beyond cryptocurrencies. 

It is currently trading around $0.0831. It has risen 3.43% in the last week, despite a fall of approximately 3%. In the last month, it has fallen by approximately 13%. Looking at the data from the last year, it has decreased by 2.3%. However, the data for the last six months shows a positive return of close to 0.7%. So, it is expected to continue a trend of positive returns in the latter part of the year.

Ethereum

It is a decentralized open-source blockchain system that has its own cryptocurrency, ETH. Vitalik Buterin developed Ethereum in 2013. It is an ever-evolving ecosystem based on blockchain and cryptocurrency. It is expected to do the same in the future as well. It aims to become a global platform for decentralized applications, allowing users from any location to write and run software. It is resistant to censorship, downtime, and fraud.

In the last year, ETH has grown by 46.64% and in six months by 28.45%. The data for the last month also shows a positive return of 2.44%. However, the prices of last week observed a decline of 3.39% and today the prices have declined by approximately 3%.

Meme Moguls

It is also abbreviated as MGLS. It is an upcoming platform that will introduce an enhanced trading experience for all users. This platform will offer various P2E elements and claims to improve its trading strategies with time.

They are capable of completing simulations and they will even learn how to utilize a wide range of investment strategies. It will create a portfolio and can then complete challenges to turn these profits into returns.

Moreover, it will have a dedicated metaverse known as Moguls World. In this metaverse, players will be allowed to mine, collect, and even join liquidity pools. With this, users will be eligible to access fixed capital gains. 

This metaverse is claimed to have characteristics of Dogecoin and is expected to show a growth pattern similar to Ethereum in the future.

Latest Updates on the Network

On January 21, 2024, they announced the completion of Presale Round 4. Besides, they shared some good news for all the holders, stating that they will start soon.

On January 19, 2024, creators shared the excitement of enabling 2FA to safeguard its current and future users. It has enhanced the security of users with an additional layer of protection.

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.