Will Ethereum (ETH) Retest $2800? Crypto Whales Accumulate Klaytn (KLAY) And Meme Moguls (MGLS) Tokens

The presale of Meme Moguls is currently dominating the crypto world. Its ongoing presale has already witnessed a staggering growth of 90% within initial weeks. Whales are overwhelmingly investing in this new project. Therefore, it is currently leading the market, leaving biggies like Ethereum and Klaytn behind.

Meme Moguls Sets New Presale Records

During its early listing, Shiba Inu turned $100 into millions in just a year. Therefore, the demand for all meme coins is hot in the crypto world. A new meme coin, Meme Moguls, is ready to capitalize on this growing market trend. It is a rare project that has combined the growth prospects of meme coins and the real-world, and tangible utilities of other cryptos.

Meme Moguls is a P2E meme coin, which will soon launch a stock trading-based gaming ecosystem. Here, players can participate in virtual stock trading, and enhance their investment skills. On making successful trades, players will earn real cash prizes and win meme rewards in DOGE and PEPE, among others.

Best players in the Meme Moguls world will earn the title of “mogul,” and can generate passive income by sharing their expertise. Meme Moguls will also introduce a Wealth leaderboard where the top 20 moguls will get a share of the platform’s daily revenue. So, you can create several sources of income on this platform.

MGLS token will be the native crypto for the platform. Its holders can stake their tokens in the liquidity pool to earn additional income. The tokens’ presale round has already begun and is currently undergoing stage 5. Moreover, there is no sell or buy tax on the transaction of these tokens.

The total supply of the tokens is set at 3 billion, of which 60% is earmarked for the presale phase. At press time, the market price of an MGLS token stands at $0.0036. However, it is most likely to surge by 100x in its first year.

Ethereum Staking Increases After Shapella Upgrade

The latest market data have shown that the Ethereum staking ratio is high even after the Shapella upgrade. This is significant considering that analysts were expecting a surge in the unstaking of Ethereum tokens post the upgrade.

As per the data, the percentage of Ethereum coins locked in staking has reached 24% and is still surging. On the other hand, the supply of ETH tokens on centralized exchanges has come down to only 11%. It implies that Ethereum investors are hoping that ETH’s value can cross the mark of $2,800 in the coming months.

Meanwhile, the price trajectory of Ethereum has taken an upward swing. During the past month, the market value of Ethereum has increased by 3%. Thus, the current trading price of Ethereum is hovering at $2,312.55.

Klaytn Sees Massive Surge In Trade Volume

The Klaytn network has been in the limelight since it introduced a merger proposal with Finschia. Through this collaboration, Klaytn will introduce a new blockchain, which will support both EVM and CosmWasm frameworks.

The Klaytn network believes that this partnership will create the largest web3 ecosystem in Asia. Soon after the merger announcement, the trading volume of Klaytn soared by 1,064.64% in just 24 hours.

The market capitalization of Klaytn has also surged by 17%. Subsequently, investors are taking a good interest in Klaytn, and they are accumulating KLAY tokens in large numbers. At present, a Klaytn token is available to trade at $0.19.

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