Crypto Craze: Shiba Inu Rockets, Dogecoin and Meme Moguls Dominate!

Crypto Craze: Shiba Inu Rockets, Dogecoin and Meme Moguls Dominate!
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Shiba Inu‘s (SHIB) price has increased by more than 50% this month as the altcoin tries to match Dogecoin‘s (DOGE) success.

However, Meme Moguls (MGLS), a brand-new memecoin, has also emerged and is becoming more well-known thanks to a token presale event.

Let’s examine the three coins’ respective performances in the market right now.

Crypto Craze: Shiba Inu Rockets, Dogecoin and Meme Moguls Dominate!

Meme Moguls (MGLS) wants to replicate the kind of success that well-known meme tokens like Dogecoin and Shiba Inu have had. 

Meme Moguls, however, aims to set itself apart from the competition by creating the first meme-backed stock market in history.

This is where viral content becomes digitized and made tradeable, enabling investors to capitalize on memes’ potential for the future. 

According to Statista, the meme industry is predicted to reach $6.1 billion by 2025. Meme Moguls hopes to take advantage of this growth and open up new investment opportunities.

The concept of community lies at the heart of the Meme Moguls ethos. Meme trading on this site is social and interactive by nature, unlike traditional stock trading.

The website invites users to talk about trends, exchange ideas, and help meme culture develop.

Moreover, the Meme Moguls group is dedicated to compensating involved and active community members throughout the presale. 

One noteworthy program involves giving away $10,000 to a fortunate customer at the conclusion of every presale stage. Or will it be you?

A crucial component of the Meme Moguls ecosystem is the MGLS coin. On the meme stock market platform, it will be utilized for exchange, staking, and governance.

In the first stage of the early presale, participants can purchase it for just $0.0021, with a limited-time 30% deposit incentive.

According to market observers, Meme Moguls’ potential and current low pricing will make millionaires during this bull run.

Anticipated returns on investment for MGLS when it goes live on Uniswap and other major exchanges might potentially be 100 times higher than before.

Shiba Inu is on the rise once more following a difficult few years of pessimism.

After Shiba Inu gained notoriety as the cryptocurrency that killed Dogecoin, its price increased by more than 100 times in 2021.

But in the wake of the market meltdown, its value plummeted by more than 98%, reaching a low of $0.00000545 in 2023.

Shiba Inu is currently trading at $0.00000852, having surged in value by over 45% over the previous month.

A 50% rise in transactions on Shibarium, the layer-2 solution for the Shiba Inu blockchain, is what’s being blamed for the latest jump.

The Shiba Inu chart’s technical analysis reveals a downward trendline that has been in place since May 2022.

Since this trendline has been in place for more than a year, a breakout would probably result in an immediate test of the resistance at $0.000010, and Shiba Inu would probably shoot straight to $0.000020.

Shiba Inu has utility and high community support, making it a tempting investment for individuals interested in the realm of meme currencies, even though it is unlikely to match Meme Moguls’ projected 100x gains.

With a Shiba Inu dog as its mascot, Dogecoin (DOGE) was an attempt to split off from Litecoin.

Software engineers Jackson Palmer and Billy Markus made it as a prank in 2013.

But because of its memorable branding and the encouraging community it surrounded, it quickly became well-known.

Even though Dogecoin saw a decent 20x pump in 2018, its 100x pump in 2021 cemented its reputation as a household brand. 

Celebrity endorsements from Elon Musk and Mark Cuban, the former of whom replaced his Twitter profile image with the famed Shiba Inu, had a major role in this most recent surge.

In the present, Dogecoin stands at $0.085, following a 46% increase in value during the previous six weeks.

Undoubtedly, the possibility of a Bitcoin ETF is drawing interest in cryptocurrency markets, with Dogecoin being one of the main winners. However, other news is also fueling this fire.

In December 2023, Elon Musk’s “Doge-1” Moon Mission will launch a rocket to the Moon and deposit a tangible Dogecoin there.

This incident is expected to generate a lot of news and may cause Dogecoin to rise even higher.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Always conduct your research before making any financial decisions.

Crypto Craze: Shiba Inu Rockets, Dogecoin and Meme Moguls Dominate!

Techno Tropics

Techno Tropics is a passionate tech enthusiast and the voice behind it, a leading source for daily updates on AI, big data, analytics, and cryptocurrency. Stay tuned for the latest tech news and insightful analysis.
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