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Recent events seem to have supported decentralized finance (defi) projects. Solana is up to the top 4. Shiba Inu’s (SHIB) Shibarium hit a notable transaction milestone as the ongoing Meme Moguls (MGLS) presale garners attention. While SOL and SHIB are well-established, MGLS is currently in stage 3 of its presale.
Solana price action
Solana is now a top 4 coin by market capitalization, surpassing BNB with a market cap of $48 billion, according to CoinMarketCap data.
The Solana price has surged from $69 on Dec. 18 to $112 on Dec. 25, driven by its dog-themed memecoin Bonk (BONK).
This bullish trend may continue, supported by Solana’s 27 technical indicators now in the green.
Experts are optimistic, saying SOL could hit $123.76 in January 2024.
Shiba Inu news
Recently, Shibairum processed over 180 million transactions, indicating strong community engagement.
SHIB prices rose from $0.00001002 on Dec. 18 to $0.00001081 on Dec. 25, translating to a market cap of $6.3 billion.
More than 28 technical indicators are bullish on Shiba Inu. The token is now trading above its 50 and 100-day EMAs, which is bullish for the meme coin.
As it is, analysts say the coin could break above $0.00001156 before the end of December 2023.
Meme Moguls’ performance
Meme Moguls is in stage 3 of its presale, raising over $893,900.
The project aims to reshape the memecoin sector using its utility token, MGLS, which serves as an in-game currency and for governance.
MGLS powers the Meme Moguls ecosystem, featuring a play-to-earn (P2E) game that educates users about investments.
With $100,000 in virtual funds, players can complete challenges or engage in head-to-head matches to turn virtual profits into tangible returns.
MGLS holders can earn staking rewards and have voting rights to shape Meme Moguls’ future.
In the ongoing MGLS presale, the token is trading for $0.0025, up 31% from the listing price.
There is a 30% deposit bonus for those who buy MGLS.
Experts predict MGLS will reach $0.19 in 2024.
This optimism is because the project aims to tap into the flourishing meme industry, projected to be worth $6.1 billion by 2025.
Conclusion
Recent achievements by Solana, Shiba Inu, and Meme Moguls highlight diverse growth potential in defi.
Among them, Meme Moguls is being monitored.
With a low market cap of $7.5 million—significantly less than SOL and SHIB—MGLS only needs $7.5 million for its price and returns to double.
Learn more about the MGLS here:
Visit Meme Moguls | Join the Community
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Source: https://crypto.news/solana-rise-to-top-4-as-shibarium-reaches-new-milestone-meme-moguls-in-stage-3-of-presale/