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Experts in the cryptocurrency space are increasingly doubting Pepe’s future after a string of corrections within the past two weeks.
In 2023, the new memecoin grew rapidly, reaching an all-time high a few days after its launch. But now that Pepe has dropped 68% from its peak, other investments like Meme Moguls are gaining attention.
Experts predict Meme Moguls, who have now raised $1.3 million, will surpass Pepe when they pump next.
Pepe (PEPE) became the next prominent memecoin very fast after its release because to the tremendous response it received. But its worth was greatly exaggerated. Since then, Pepe’s value has decreased by 68%, and it is now worth $0.000001394.
Numerous causes have contributed to Pepe’s recent downturn. The Pepe development team sold $15.7 million worth of Pepe tokens from the central wallet to kickstart the whole thing. This instantly led to mistrust among Pepe holders and friction throughout the Pepe ecosystem.
Due to the fact that a coin’s value typically drops soon after it is sold, token holders have historically sold their holdings when other members of the community do.
The Pepe team made up a tale about “a few bad actors” on the team in order to win back the trust of investors. Some investors, meanwhile, believed that the harm had already been done.
Not long after, there was another hack on Pepe’s Telegram, which severely damaged the memecoin’s reputation.
Currently, a lot of cryptocurrency analysts, including EricCryptoman, are worried about Pepe’s prospects in the DeFi market.
Meme Moguls is becoming more popular as doubts are raised about Pepe’s ethics.
Meme Moguls, who has raised $1.4 million and gone through two price rises, is expected to sell out of stage four of its presale in the coming weeks.
There is nothing like this new play-to-earn (P2E) game in the DeFi market right now. Memes and stock market investment come together to offer a brand-new, thrilling trading experience.
Using the platform, investors will be able to trade, buy, and sell memes just like stocks, making profitable portfolios and wise investments.
The Meme Moguls ecosystem includes investing as a crucial component, but the project’s creators have gone above and beyond to provide a genuinely engaging experience.
Gamers will be able to fully customize their avatars and participate in what is anticipated to develop into a thriving investor community.
Players will be able to debate investing methods, market patterns, and engage in friendly competition in a variety of activities as part of this community.
These will feature both paid and free tournaments, as well as events where the winner takes it all.
During its presale, the value of Meme Moguls’ native token, $MGLS, already rose from $0.0019 to $0.0027.
Experts predict that in 2024, MGLS will increase 100 times and close the year at $0.19.
With this expansion, Meme Moguls would surpass existing memecoins like Pepe and Shiba Inu in profitability and become a global phenomenon.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial advice.
Cryptocurrency investments are inherently risky, and readers should conduct their own research and seek professional advice before making any investment decisions.
