Recently, there have been numerous milestones and exciting developments for altcoins, such as Injective (INJ) and Meme Moguls (MGLS). Notably, INJ has now achieved 180,000 active addresses. On the other hand, MGLS has announced a $10,000 mega giveaway. With this announcement, the hype is growing for this presale project that may evolve into a 100x token in 2024. Keep on reading and find out why.
Injective Protocol News
Injective (INJ) is gaining traction in the DeFi market as it recently announced it has surpassed an impressive milestone of 180,000 active addresses. According to the official X account, this number will reach 200,000 in no time.
In terms of the Injective crypto price movement, it has been on a tear in December. It has increased from $18.1 on December 1 to $41.82 on December 20. The sentiment surrounding the Injective coin is also bullish, with 27 technical indicators in the green.
Because of this, experts in the field believe that the Injective value may reach $43 by the end of December 2023. This prediction makes Injective one of the top altcoins.
Meme Moguls (MGLS): Starts $10,000 Giveaway
Meme Moguls (MGLS) has initiated an exciting giveaway event to engage its community and celebrate recent successes. During this event, you can earn $10,000 in MGLS tokens. If you wish to increase your odds of winning larger prizes, hold MGLS tokens, actively participate on Zealy, and boost your engagement.
This Giveaway has caused global investors to gravitate towards this altcoin, now worth just $0.0025. But remember that it is in Stage 3 of its presale, and its value will rise as it advances. Those who bought it at its initial price now enjoy a 27% ROI. Demand is high as millions of MGLS tokens have been sold already, helping Meme Moguls raise over $920,400.
This token is the native token of Meme Moguls – an innovative play-to-earn (P2E) game where you can learn all there is to know about investments and wealth building. With simulated investing, you will start with a $100,000 virtual portfolio. You can turn these virtual profits into cash prizes by completing challenges, trading missions, and competing with other traders.
The MGLS token powers all these aspects while being used as in-game currency and for governance. Because of this and its high demand, prominent market analysts forecast that the MGLS price will surge to $0.19 in 2024. If this prediction comes true, those who buy this DeFi coin now could receive a 100x ROI.
This prediction does not seem outlandish since Shiba Inu has already provided early buyers a 1.6M% ROI in three years (as per The Crypto Basic). Meme Moguls has the potential to rule the meme coin market and become the best DeFi crypto.
Final Thoughts
While Injective is one of the top DeFi coins, it may face challenges due to its high market cap of $3.5B. This means it will need a large influx of new funds for its value to experience any major surges. But, Meme Moguls will not have this issue as its market cap currently sits at $6.9M – meaning it would only need $6.9M for its price and returns to double. This gives MGLS a competitive edge over its peers.
Learn more about the $MGLS here:
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Source: https://coinpedia.org/press-release/injective-hits-180000-active-addresses-meme-moguls-10k-giveaway/