Three Cryptos That Surged This Week With Further Growth Potential – Fantom (FTM), Optimism (OP), And Meme Moguls (MGLS)

Fantom, Optimism, and Meme Moguls all surged this week, showing strong potential for continued growth in the cryptocurrency market. Notably, Meme Moguls is running a presale phase of discounted tokens, which could offer significant returns for early investors. Let’s look at these cryptocurrencies and how high they could go in the following months.

Fantom (FTM): A New Era of Speed and Scalability

There is a battle to become the fastest layer-1 smart contract platform, and Fantom is making its case with blazingly fast transaction speeds. This is thanks to the DAG (Directed Acyclic Graph) technology it uses, allowing for instant finality and near-zero fees.

The Fantom price suffered a huge blow this summer as a hack on the Fantom Multichain Bridge caused investors to panic sell. However, Fantom has bounced back in spectacular fashion with a 158% jump to today’s price of $0.44 in two months.

So what’s behind this surge? One factor could be that Fantom’s TVL has increased 100% since mid-October. Another potential cause is the break of the descending trendline that kept the price at bay for over a year. The $0.32 horizontal resistance was also breached with ease.

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Analysts note that a number of experienced blockchain developers are saying that Fantom is the fastest blockchain in the market. With a market cap of $1.38 billion, Fantom is still undervalued compared to its layer-1 peers. Closing above $0.44 on the daily chart should see $0.65 as the next target, followed by $1.00

Meme Moguls (MGLS): 100x Gains Ahead?

Meme Moguls is transforming the digital gaming landscape, introducing an exciting play-to-earn (P2E) concept that combines the thrill of memes with the rewards of stock market trading.

Players are given a starting capital of $100,000 in virtual funds to use as they channel their in Buffet to make strategic investments in hopes of winning big. This platform is an excellent learning ground where players can experiment with different strategies, understand market movements, and develop a keen sense of trading.

🚀 #MemeMoguls Community Mega Giveaway Event is ON! 🎄

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🗓 Start Date: 15th… pic.twitter.com/6imKT5NP62

— Meme Moguls (@meme_moguls) December 14, 2023

Players can participate in or organize tournaments, creating a space for friendly competition and collaboration. In addition to these tournaments, the platform offers a “Beat the Market” mode where players test their skills against real-world indices for the chance to win a prize pot.

The rewards in Meme Moguls are not just virtual but also tangible. The platform’s native token, MGLS, can be earned by completing challenges and achieving milestones within the game. Players can also win meme assets and huge prizes for winning head-to-head battles or making it onto the Wealth Leaderboard.

Staking MGLS tokens also allows players to earn a percentage of the liquidity pool’s fees, which provides passive income alongside the potential gains from trading. This token is offered at discounted prices during the ongoing presale event, with a 30% deposit bonus currently running.

With its innovative P2E concept and real-world rewards, Meme Moguls is revolutionizing the world of gaming and meme culture. Analysts expect the current presale price of $0.0021 during the first presale phase to rise by 100x when the game officially launches.

Optimism (OP) Crypto Price Prediction 2024

Optimism is a layer-2 scaling solution that uses Optimistic Rollups to enhance Ethereum’s scalability and reduce transaction fees. Coinbase is now using Optimism for their ‘Base’ scaling solution, contributing to Optimism’s impressive TVL of $853 million.

Optimism now trades at $2.24 after a 94% increase in the last two months — the highest price since April 2023. This strong performance has been attributed to the increase in demand for layer-2 scalability solutions and the growing adoption of optimistic rollups in the industry.

The latest news suggests Coinbase is bringing TradFi clients on-chain via the Base protocol. Debt, equity, and other legal instruments could be tokenized and flow through Optimism. Such significant developments have only fueled further growth potential for Optimism, and experts believe that the current price levels are just the beginning.

Chart technicians note that the price of Optimism is on its way to breaking the all-time high of $4.57 if it can close above $3.00 on the weekly chart. Support sits at $1.80 – $2.00 for this trend to remain intact. However, it’s worth noting that Optimism has a fully diluted valuation of $9.8 billion, so seeing the same potential returns as with Meme Moguls is unlikely.

For more information about the Meme Moguls (MGLS) presale:

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