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According to recent data, Bitcoin whales, who have accumulated more than 76,000 BTC, are on a buying spree in anticipation of a possible price increase. Cardano increased its investment in partnership with Blockfrost.
Project with an uncertain future, according to sponsored content poster Meme Moguls, phases 1 through 4 of the blockchain ICO have sold out, with phase five currently allegedly gaining traction. The project is new and its future is uncertain, there is a risk of investment loss.
Whales Accumulate $3 Billion Worth of Bitcoin (BTC)
Despite the bear market, Bitcoin (BTC) whales are on a buying spree. According to data from crypto analytics service company IntoTheBlock, 76,000 Bitcoins have been accumulated since January 1, 2024.
Bitcoin price has been declining since the beginning of the year. However, IntoTheBlock statistics show that whales have accumulated almost $3 billion worth of Bitcoin this year. An interesting note is that the whale accumulation has been steadily increasing since at least April 1, 2023.
This shows that despite the major cryptocurrency rising from its 7-day low of $38,678.19 to a peak of $43,130.24, investors are still optimistic. In the last week and month, Bitcoin price increased by 5.9% and 1.3% respectively.
Cardano (ADA) Invests in Blockfrost
According to a recent post, Cardano’s (ADA) IOG (Input Output Global) has invested in Blockfrost. According to reports, Blockfrost offered developers a scalable and efficient way to access Cardano’s blockchain without the need for a local node.
Blockfrost and IOG aim to centralize mempool access and data provisioning. The long-term goal is to create a framework that will support Blockfrost’s expansion, taking into account the preferences of both its users and the broader developer community.
On the weekly chart, Cardano ADA is fluctuating between $0.4509 and $0.5126 during this trading. The DeFi cryptocurrency is up 4.2% on its chart, showing it is regaining its positive momentum.
Can Meme Moguls (MGLS) Succeed in Phase Five?
Unlike most memecoins, whose future is uncertain, Meme Moguls (MGLS) will allegedly offer a platform where gamers and meme lovers can interact to play games, according to the sponsored content poster. Additionally, Meme Moguls is said to provide education about finance and investing. In addition to the learning environment, it is claimed that the ecosystem may include a virtual world called Mogul World. Avoid taking any action on projects where you do not trust the project and its team. There is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Participants can connect, issue tokens, stake them, and participate in liquidity pools. It is claimed that the MGLS DeFi cryptocurrency could be at the center of Meme Moguls’ operations, both as a native asset and as the governance token of the Meme Moguls ecosystem and tokenomy. It is not certain, the project may fail.
MOGULS!! 🔥
Are you ready to change the landscape? 🧑🌾 With one of the biggest airdrops of 2024 👀 Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt
— Meme Moguls (@meme_moguls) December 8, 2023
According to the sponsored content poster, MGLS token users can participate in various activities on the platform. Apart from this, players can allegedly deposit their tokens into the Meme Moguls staking pool to earn annual returns. It is said that the higher the amount of tokens they stake, the higher their returns can be. The price of the token, which is currently in Stage Five, is $0.0036, and it is claimed to have experienced a 90% increase from its initial price of $0.0019. If it cannot be listed on stock exchanges and its team does not remain loyal, the investment carries the risk of loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Conclusion
Although Cardano and Bitcoin are the two most popular cryptocurrencies in the market, it is claimed that Meme Moguls could see value in the 2024 market if his team can succeed. It is not certain, there is a risk.
Click to review the Meme Moguls token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!