The December crypto scene has witnessed an unparalleled surge, primarily driven by the meteoric rise of meme coins. Dogecoin (DOGE), Bonk (BONK), and Meme Moguls (MGLS) have been dominating headlines, sparking a frenzy among traders. However, Meme Moguls stands out as a new ICO many experts foresee potentially rising by 100x in 2024. This article will analyze all three tokens and determine their future.
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Dogecoin (DOGE): First Meme In Space
The original meme-coin, Dogecoin (DOGE), has been the darling of the crypto world for years. The Dogecoin worth has been skyrocketing recently as SpaceX plans to launch the first Doge-1 satellite to the moon soon. This event represents the first crypto and meme in space, as a physical representation of the DOGE token will be sent.
In terms of the Dogecoin price performance, it has seen an upward trajectory since the start of December. It has risen from $0.08 on December 1 to $0.09 on December 11. The technical analysis also paints a bullish picture, with its value sitting comfortably above the 100 and 200-day EMAs.
Experts in the crypto field are buzzed about the upcoming satellite launch, predicting the Dogecoin price will reach $0.10 before December ends. As the hype for this event grows, Dogecoin remains one of the altcoins to watch.
Bonk (BONK): Outstanding Growth
Similarly, Bonk (BONK) has achieved tremendous growth in the past month – rising by 473%. This surge resulted from the popular crypto exchange KuCoin listing the Bonk crypto. After this news, its value jumped from $0.0000037 on November 28 to $0.00001193 on December 11.
From a technical standpoint, sentiment around Bonk is bullish. Currently, there are 18 technical indicators in the green, while the Bonk price sits above its 21-day EMA.
As per market analysts, this altcoin has the potential to reach a value of $0.00001168 before 2023 ends. They believe Bonk will slowly climb the DeFi crypto list and could enter 2024 with a bang.
According to Statista, the meme industry value may reach $6.1B by 2025, and Meme Moguls (MGLS) aims to capitalize on it by bringing something new. It will introduce the first-ever play-to-earn game where you can learn more about investing or wealth-building through meme-based assets.
Simulated investing and head-to-head battles are only some features that Meme Moguls will offer. For instance, an in-game Marketplace will also be included where you can buy, sell, or trade items you collect.
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
The DeFi project recently also announced its new Farming feature, allowing you to earn coins by actively contributing to it. If you engage with the platform, you will drive the Meme Moguls ecosystem forward. This is an excellent opportunity to obtain more MGLS tokens.
All these features are driven by the MGLS token, making it a meme coin with utility. It will serve as a governance token and also as an in-game currency. Holding it will bring you many benefits and exclusive rewards.
Currently, it is valued at only $0.0021 as it is in Stage 1 of its presale. However, more price pumps will occur as this crypto ICO event advances. Some experts even foresee a rise to $0.19 in the first year of operation.
While this prediction may be outlandish, The Crypto Basic reports show Shiba Inu has provided buyers with a 1.6M% ROI in three years. Meme Moguls has the same potential and could join the top 5 cryptocurrencies list soon.
Pathway To Riches
The meme coin market is on fire as December is underway, with Dogecoin, Bonk, and Meme Moguls taking center stage. However, Meme Moguls may outshine its peers as it possesses many advantages. For instance, it has real utility, while DOGE and BONK rely on hype – causing their prices to become volatile.
Moreover, its low market cap of $6.3M suggests that MGLS could experience value rises much faster as fewer new funds are needed. All these reasons are why the Meme Moguls presale has seen a stellar performance, raising over $238,591 USDT so far.
For more information about the Meme Moguls (MGLS) presale:
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