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Some altcoins are emerging as candidates to be in the spotlight in the emerging cryptocurrency market, promising rapid growth and arousing great interest. As we enter 2024, three altcoins are poised to ignite the crypto market with their potential: Solana (SOL), Ripple (XRP), and Meme Moguls (MGLS), as it is a new project and it is unclear whether it will be successful or not.
Solana (SOL): Rising Ahead
The recent developments surrounding Solana (SOL) have sent waves of excitement through the crypto community. The launch of JTO, the Jito Foundation’s governance token expressly designed to oversee the Solana-based liquid staking protocol, has contributed to the growing bullish sentiment surrounding SOL.
Solana’s price performance was remarkable. With a staggering 70% rally over the past month, SOL has risen from $32 on October 29 to an impressive $55 on November 28. This uptrend positions Solana comfortably above its 50- and 100-day EMAs, indicating sustained positive momentum.
Analysts took all these developments into account when making their Solana price predictions. They expect SOL to reach $86.83 by the close of Q4 2024.
Ripple (XRP): Bullish Expectation
The Ripple (XRP) community is excited about what could be one of the most significant upgrades in cryptocurrency history. Information from WietseWind, which is closely associated with XRP Ledger, signaled a groundbreaking integration with MasterCard.
Announcement made by Wietse Windshowed off a sneak peek at upcoming functionality that will allow purchases using prepaid XRP, a feature that has yet to be officially released. This significant upgrade significantly increases the usability and accessibility of the Ripple coin, providing greater user autonomy and financial control.
Amidst this excitement, Ripple price exhibited an upward trend, reflecting positive growth for 18 of the 30 days. From a price point of $0.55 on October 29, Ripple jumped to $0.60 by November 28. Analysts make a bullish Ripple price prediction, predicting that it will rise to $0.9482 in the second quarter of 2024.
Meme Moguls (MGLS): Shaping a New Era
Meme Moguls (MGLS) is trying to emerge as a unique player in the emerging meme coin world. Meme Moguls offers a meme-powered exchange on the blockchain, allowing users to trade their favorite memes and reward them with MGLS tokens. This new concept has attracted attention, with experts predicting MGLS as a potential dark horse in the crypto race in 2024 (unless the project is successful).
The new project, Meme Moguls, revolves around bartering (the future of the project involves risk depending on the stability of its team), but the project is about more than that. The team has laid out plans to introduce three additional ecosystem components that each contribute to a great experience for meme enthusiasts:
- Mogul Land: This is a metaverse experience where you can participate in token mining
- Meme Moguls Fantasy Trader: A platform designed for investors to experiment and challenge others within the community.
- Moguls Game: A gaming hub that allows users to participate in various gaming activities using meme-based assets.
The MGLS token powers all these components. Besides, holding it will also give you benefits such as discounts and management voting rights. It’s currently in its first phase of presale for just $0.0021, up 10% from its starting price.
Meme Moguls appears poised to make significant strides in the meme coin market, which is currently valued at $18.35 billion, according to CoinCodex. All these factors may explain why experts are predicting a 1,000% increase in MGLS (there is uncertain risk) before the pre-sale ends. In addition to this growth, early investors will also be able to benefit from a 30% bonus on all deposits made at this stage.
Click to review Meme Moguls.