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Bitcoin is currently in a bull run. Its value increased throughout November, pushing Bitcoin to its 2023 high of $43,000. Now, the meme coin market is expected to boom as the crypto market follows suit.
Market analysts are focusing on three cryptocurrencies in particular: Pepe, Floki, and an exciting new project, the uncertain Meme Moguls. According to the project team, each project is expected to rise throughout December and create excitement in the market as investors add each one to their portfolios.
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Pepe Price Reaches New Quarterly High
Pepe entered the crypto scene by storm in May 2023. It quickly became the number one trending meme coin, but the excitement around Pepe ended as the meme coin actively slowed down. However, Pepe had an outstanding month in November and continued his rise with an additional price increase of 38.82% last week.
This pumping was triggered by a Binance announcement. Although Pepe had little use before, Binance announced that Pepe can now be used as collateral on its platform. Investors would be rewarded with 10 million Pepes for doing this, resulting in an additional increase in Pepe’s price and trading volume.
Analysts are now speculating on how high Pepe could go before the end of 2023. While many predict that a 20x return is possible during the current bull run, others suggest that a 5x return is more realistic.
Will Floki Hit a Yearly High in December?
Floki had its best month of 2023 in October, after which many experts believed that the meme coin would crash. But Floki continued to improve. Its value rose 29.6% in November, and daily trading volume exceeded $100 million for several consecutive days.
Alongside the successful price increase, Floki’s Head of Operations, known as B, also made an announcement about the project’s play-to-play NFT metaverse game, Valhalla. B stated that after careful market analysis, Floki’s Valhalla will be released under excellent market conditions.
Although this does not give an actual date, this news created excitement throughout the Floki community and the project value rose to $0.00004 just 24 hours after the announcement. Investors are now accumulating Floki tokens at extraordinary rates, and many predict that Floki could become one of the top meme coins in 2024.
Can Meme Moguls rival Pepe and Floki?
As the Meme coin market begins to rise, investors believe Meme Moguls could be the moonshine token everyone has been waiting for (with uncertain investment risk), according to the project team. Unlike most meme coins, Meme Moguls offers a benefit, according to its team. It offers innovative gameplay meticulously designed to help users build their investment knowledge. Since the project is new, its future is uncertain. Cryptocurrency investments are investments that carry a high risk of loss. Do your detailed research before investing!
The Meme Moguls game will introduce simulated investment where users will be given $100,000 in virtual currency. This currency can be used to test trading strategies, compete in games, and win cash prizes and meme rewards. To create a more realistic investment experience, users can only invest 20% of their portfolio at a time.
Another unique element of Meme Moguls is its focus on community. Meme Moguls takes the meme community one step further with its own vibrant community as well as games where players can compete against each other.
If that wasn’t enough to excite investors, the Meme Moguls token $MGLS will act as both an in-game currency and governance token, giving it more utility than most meme coins in circulation.
With its pre-sale starting soon, investors will be able to purchase $MGLS for just $0.0019, which is a huge bargain considering its potential. Analysts predict that Meme Moguls could quickly surpass existing meme coins such as Pepe and Floki, increasing by 100 times in its first year based on its team alone (do not trade without detailed research as there is a possibility of failure and loss of your investment!).
For more information on the Meme Moguls (MGLS) presale:
Site: https://mememoguls.com/
Twitter: https://twitter.com/meme_moguls
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!