Coq Inu Price Plummets While Meme Moguls Surges To New ATH

Coq Inu is a new memecoin released in December 2023. Within a week of its launch, Coq Inu hit an all-time high of $0.000004219. However, the project has since crashed by 64.97%, causing its market cap and trading volume to plummet. Meanwhile, Meme Moguls hit a new all-time high after selling out during the third stage of its presale. Here’s why analysts are choosing Meme Moguls over Coq Inu. 

Was Coq Inu A One Hit Wonder?

The memecoin market soared in 2023. Hundreds of new projects were released, including Pepe, Dogelon Mars, and Tamadoge. Coq Inu was created to build on this hype and had some initial success. Early investors made quick profits from the new memecoin during the first week of its release. However, Coq Inu’s value has consistently crashed since its all-time high on December 20th. 

The main drawback of Coq Inu is that it lacks utility. While its holder count has jumped from 19,000 to 33,000 in less than two weeks, Coq Inu has no real applications. It offers no new DeFi features and can’t be purchased on many major cryptocurrency exchanges. As a result, Coq Inu’s growth is likely to be limited throughout Q1. 

According to bullish analysts, Coq Inu could see a 10x price increase should the crypto market continue its current bull run. However, this makes Coq Inu entirely dependent on market trends. Without a bull market, Coq Inu’s value is expected to decrease further. 

Meme Moguls Soars After Raising $1.4 Million

Meme Moguls is a new play-to-earn (P2E) meme token created on the Ethereum blockchain. Unlike projects such as Coq Inu, Meme Moguls offers great utility. Its native token, $MGLS, will work as an in-game currency and also provide holders with governance rights. This alone makes Meme Moguls more promising than most memecoins in circulation. 

Currently in the fourth stage of its presale, Meme Moguls has raised $1.4 million, and MGLS has increased from $0.0019 to $0.0027. On its current trajectory, analysts predict that Meme Moguls will hit $0.19 by the end of 2024, a 100x return for early investors. 

The Meme Moguls ecosystem will immerse its players into a world of fantasy meme trading. Investors will be able to take part in a meme stock market where they can buy, sell, and trade their favorite memes. 

Several unique gameplay options will be available as part of this ecosystem. For example, players will be able to clash in winner-takes-all contests, compete in free and paid competitions, and play against the stock market in games such as “Beat the Market.”

Additionally, players will be able to network, share trading tips, mine tokens, join liquidity pools, and stake their tokens to earn a passive income stream. 

During its presale, Meme Moguls is offering several lucrative rewards. These include gadgets, holidays, and a $10,000 giveaway after each presale stage. Having already amassed a significant following on social media, experts have high hopes for Meme Moguls and expect the project to compete against some of the market’s top memecoins in the future. 

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