Pepe, the frog-themed meme coin gained popularity at the beginning of 2023 after its rapid price growth. The meme coin gained more than 1,000% in the first week of its launch but is now down by more than 70% from its all-time high.
Another meme coin, Meme Moguls, has become the talk of the crypto community. Meme enthusiasts have shown huge interest in the first meme trading platform launched by the project.
Is Pepe (PEPE) Dead?
Pepe (PEPE) Meme coin, once attractive for its bullish momentum, has seen a steep descent in recent months. Currently, Pepe’s price is down by 73% from its 2023 peak high of $0.000004354. Pepe coin saw an 89% surge in October amid the broader crypto market bull run.
Unfortunately, $PEPE bulls failed to hold on to the price growth. According to Pepe CoinMarketCap data, the Pepe token increased 3.5% on November 15 to $0.0000012.
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The meme coin’s market capitalization has increased 4.02% to $502,021,887, ranked the 88th largest token. On the other hand, Pepe’s trading volume dipped 48%.
This signifies that $Pepe holders are losing faith in the meme coin and searching for alternatives. Two major reasons behind Pepe’s bearish movement are its lack of utility and the decline in the broader crypto market.
Meme Moguls (MGLS), The Meme Coin With Utility And Earning Opportunities
Unlike Pepe, Meme Moguls (MGLS) has utility and a comprehensive ecosystem with various earning opportunities. If Pepe can attain such geothermal without utility, analysts see Meme Moguls outperforming Pepe.
Meme Moguls is an upcoming platform where individuals can trade meme assets in a meme stock market. Moreover, the platform offers up-to-date information on meme coin news. Meme Moguls will provide various games in the Moguls Casino, including Poker, Roulette, Blackjack, and more.
The components include the Moguls Exchange Trading Platform, Mogul Land, and Meme Moguls Fantasy Trader. Meme Moguls has introduced a utility token known as the MGLS token, which holders can stake to receive rewards.
By staking their tokens, players become eligible for rewards based on their share of the pool and the percentage of the annual return. The more tokens staked, the greater the potential earnings. Meme enthusiasts can explore numerous avenues to earn on Meme Moguls.
Firstly, they can engage in competitive meme trading on the Meme Moguls Fantasy Trader, offering opportunities to win prizes and earn rewards. Users can interact, earn, stake tokens, and participate in liquidity pools on Mogul Land. Active $MGLS holders can receive exclusive rewards such as special privileges, $MGLS tokens, and even unique NFTs.
While Pepe has lost most of its gains, Meme Moguls has emerged as a better meme coin alternative. Meme Moguls’ goal is to establish a vibrant and interactive trading community.
The MGLS token is in the beta stage of its presale, available for $0.0019 per token. There will be a $10,000 giveaway at the end of each presale. This giveaway will awarded to the most active Meme Moguls holder on Twitter.
Visit Meme Moguls