Shiba Inu (SHIB) and Meme Moguls (MGLS) are two notable meme coins that can dominate the charts in 2024 and beyond. SHIB has been on the market for a while, but the MGLS presale is gaining significant momentum.
Shiba Inu set for dominance?
Shiba Inu is a dominant meme coin that is set for more gains.
After posting an analysis, The Coach XD recently gave hope to the Shiba Inu crypto community.
#SHIB chart shows key information about where we are in the monthly trend.
Unless we are about to go into oblivion, which I highly doubt, it looks like downside will completely be minimised here and upside is the highest probability.
A retest of the previous months open… pic.twitter.com/AfJZY7N4B2
— The Coach 𝕏Đ (@thedogecoach) January 8, 2024
According to the monthly chart, the analyst speculated that the Shiba Inu price has a minimal chance of recording another price dip.
A price surge could be the next move for it to become the 18th-largest cryptocurrency by market capitalization.
- Shibarium, the layer-2 scaling solution, has seen massive activity and will catalyze growth.
- The cryptocurrency is trading over 160000X above its all-time low posted on Nov. 28, 2020.
- The ecosystem is consistently growing, and this can result in an even higher utility for the SHIB crypto.
With this, SHIB can reach $0.000016 by the end of 2024.
Meme Moguls presale ongoing
Meme Moguls is an upcoming platform that will feature a variety of earning opportunities.
Users will be able to access simulated trading of meme-inspired assets. Through the platform, they will be able to see iconic internet moments and viral memes, making it appealing to traders of any kind.
There are three key reasons why Meme Moguls can dominate the meme market, and these include:
- It will enable player access to simulated trading. Through it, they will be able to improve their trading strategies. Each player begins with $100,000 that they receive in virtual currency. Players can only invest up to 20% of their virtual cash portfolio in a single investment. This approach is implemented to achieve a more accurate representation of diversified investing in real-world scenarios.
- It has vast utility for its native token, MGLS. It is used as the in-game currency and can also be used for the governance model, driving user engagement much further.
- There will be a wide range of gameplay elements. Players can compete with their friends in virtual stock market trading. As such, they can learn different trading strategies and access various opportunities.
Alongside all of this, there will also be leaderboards and NFTs. The NFTs can be earned throughout the ecosystem and will improve trading conditions.
There is also Moguls World, which is the dedicated metaverse in the ecosystem.
Summary
Shiba Inu and Meme Moguls are two meme coins currently battling for dominance. Attention is on MGLS, whose presale is in progress. In stage 4, MGLS is available for $0.0027 but set for more gains on launch.
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Source: https://crypto.news/shiba-inu-and-meme-moguls-dominating-meme-coins-heres-why/