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In the cryptocurrency industry, meme coins attract great attention. Prominent meme coins like Shiba Inu (SHIB) are already household names. However, new meme tokens such as Meme Moguls (MGLS), which is currently in its 5th phase of pre-sale, are also making the rounds. Even Memecoin (MEME) and Bonk (BONK) are also joining this movement.
Meme Moguls (MGLS): Will The Future Be Successful?
According to the sponsored content submitter, Meme Moguls (MGLS) is making waves in the meme coin market with its unique approach. It has recently entered phase 5 of its pre-sale, which is claimed to offer a 30% no deposit bonus. Unlike other meme coins on the market, MGLS is said to have concrete uses as both an in-game currency and governance token for the upcoming Meme Moguls game. However, it is unknown whether the future of the project will be successful or not.
According to the content creator, when players join this play-to-earn (P2E) game, they will go through an educational journey on wealth-building strategies and investments. The ultimate goal is to make it onto the Meme Moguls Wealth Leaderboard, where the top 20 moguls will receive a share of the cash prize pool funded by a portion of the revenue generated each day on Meme Moguls.
Deviating from the P2E model, Meme Moguls is also a meme coin in phase 5 of its pre-sale valued at just $0.0036. It is unclear whether the meme coin will be successful.
So far, Meme Moguls has raised almost $2.5 million and shows no signs of slowing down. However, it is important to remember that the future of the project is uncertain, detailed research should be done before taking any action, cryptocurrency investments are high-risk investments.
Memecoin (MEME): In a Bull Rally
Recently, Memecoin (MEME) has been exhibiting green price charts. According to CoinMarketCap data, the value of this meme coin has increased from $0.022 to $0.026 in the last seven days. Its market value increased from 232 million dollars to 273 million dollars in the same period.
When we look at Memecoin technical analysis, we can also notice that this bull trend may continue. For example, more than ten technical indicators are showing green for Memecoin. Experts take note of all these factors when making Memecoin price predictions. Therefore, they predict a price of $0.270 for Memecoin in Q2 2024.
Bonk (BONK): Experiencing a Huge Price Increase
Meanwhile, Bonk (BONK) is experiencing the same bullish trend as Memecoin. Bonk price rose from $0.00001041 to $0.00001376 in just the past week. Bonk’s market value also jumped from $660 million to $871 million during this time.
Technical analysis also paints a bullish picture for Bonk. This meme coin is now trading above its 21-day EMA while over 22 technical indicators are in the green. For these reasons, analysts have made a bullish price prediction for this meme coin. They predict a potential rally for this meme coin, reaching as high as $0.000022 in the 1st quarter of 2024.
Shiba Inu (SHIB): Continues to Rise on the Top Earners List
Shiba Inu (SHIB), one of the first meme coins, continues to rise on the list of top earners. To explain, Shiba Inu price rose from $0.000009204 to $0.000009991 on the seven-day charts. In terms of market cap, it pumped from $5.42 billion to $5.89 billion during this period.
And if you’re looking at the technical analysis for this meme coin, there’s still a lot to like here. For example, 25 is green. Additionally, Shiba Inu is now trading above its 50 and 100-day EMAs. As a result, experts predict that the Shiba Inu could reach $0.000015 in the 2nd quarter of 2024.
Conclusion
Although Shiba Inu, Bonk and Memecoin remain in the spotlight, it remains to be seen whether the Meme Moguls (MGLS) project will be successful.
And while the aforementioned meme coins are mostly driven by hype, MGLS is sought after by crypto lovers.
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!
