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After the approval of a Bitcoin ETF, most cryptocurrencies are facing a sharp decline, according to the sponsored content poster. Shiba Inu is down more than 12%, while rivals like Dogecoin are down 13%. However, not all meme coins were affected by this crash. As Meme Moguls enters 2024, its pre-sale price has reached a new all-time high, according to the content submitter, and it has reportedly raised $1.5 million in its pre-sale.
Shiba Inu Crashes Despite A Possible Bitcoin ETF
In the past week, the price of Shiba Inu has dropped by 12.78%. This decline has led to lower activity throughout the Shiba Inu ecosystem, and the number of transactions taking place in the Shibarium has decreased dramatically. As the Shiba Inu’s decline worsens, experts predict that the daily trading volume of the Shiba Inu will also decrease. However, whale transactions show that investors remain bullish on the meme coin.
Over the weekend, a Shiba Inu whale withdrew 546 billion SHIB (worth approximately $9.8 million) from Binance. This is just one of five recent whale transactions, and according to market speculation, a transaction worth SHIB 2.742 trillion was made by TRON founder Justin Sun.
While market analysts are unraveling the reasons for these transactions, investors believe they indicate a bullish sentiment about the Shiba Inu. It is anticipated that some tokens created during these transactions will be burned to reduce the total SHIB supply, while others will be kept in self-custody wallets for long-term growth.
This bullish perspective is good news for existing Shiba Inu token holders, as it indicates that the value of Shiba Inu may increase in 2024. With this in mind, Shiba Inu could deliver significant returns over the next 12 months and exceed last year’s growth of 8.67%.
Meme Moguls Thrive Despite Market Retreat
According to the content creator, Meme Moguls continues to thrive despite the crypto market’s recent correction. Last week, Meme Moguls achieved a new milestone by raising $1.5 million during pre-sale, allegedly creating a new wave of excitement among early investors.
According to his team, the play-win cryptocurrency game in the project combines the world of meme coins and memes with investing. The innovative marketplace aims to offer a platform where players can build portfolios, learn about investing and create new income streams in a meme stock market.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to the content creator, the Meme Moguls marketplace is the first of its kind and is claimed to have already become popular. Meme Moguls has gained over 20,000 followers on X (Twitter) and is reported to have built a strong community in just 4 stages of presale.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to its team, Meme Moguls’ main focus is to teach gamers about investing and help them build long-term wealth. They claim to offer a fresh and much-needed perspective on traditional investing, giving their users the chance to invest in virtual stock market trading games while offering players the chance to win cash prizes and meme prizes.
Each player will be given $100,000 in virtual cash to build their portfolio. Only 20% of this portfolio can be invested in a single investment, and the most profitable investors will be ranked on the game’s leaderboard. It is claimed that players in the top 20 places will then receive monthly bonuses.
60% of the total $MGLS token supply will be sold during the Meme Moguls presale, and one lucky investor will allegedly win a $10,000 reward after each presale phase is completed. The tokens are currently available at a price of $0.0027 and are expected to reach $0.19 within a year of the project’s launch, according to the team. Since the project is new, its future is uncertain. Do your detailed research before taking any action.
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 making any transaction!