Chainlink and Cosmos are two top giants in the crypto industry that have seen huge adoption since their inception. Interestingly, a new DeFi project, Meme Moguls, has emerged with enough potential to stand alongside the likes of Chainlink and Cosmos. Let’s learn more about this project.
Chainlink (LINK) Network Sees Influx of New Addresses
The Chainlink (LINK) network has experienced rapid growth since early September. The number of new active addresses has consistently reached new levels. This count increased from 467 new addresses per day to as high as 3,044, a 650% increase over three months.
This rise in user adoption over time suggests the potential for future price increases. The Chainlink coin has shown bullish momentum on the price chart. The crypto has formed an ascending triangle pattern in the Chainlink price chart.
Traditionally, this pattern is a bullish signal, often leading to a breakout. A breakout could lead to a 20% rally for Chainlink coin. The Chainlink price has increased to 16.25 in the past week, with a year-to-date gain of 127%.
Cosmos (ATOM) Price Forecast As it Unveils CometBFT V1 Alpha
Cosmos, a prominent project in the industry, has introduced the Alpha version of CometBFT V1. This is a significant milestone in the Cosmos project. Key improvements that were added include modularization, reduced bandwidth usage, and an enhanced integrator experience.
Their aim is to enhance network efficiency and accelerate development processes. The Cosmos coin has remained bullish on the price chart with weekly and monthly gains of 6.7% and 15.1%, respectively. The price of Cosmos increased from a 7-day low of $9.21 to a peak of $10.22.
Looking at Cosmos technical indicators, the token is traded above the 50-day SMA ($8.49) and 200-day SMA ($8.38), a sign of bullish control. In addition, Cosmos’ 14-Day RSI is above the 50 average mark. Hence, the Cosmos coin could see more gains and head for the resistance at $10.61.
Meme Moguls (MGLS), Why It is a Top Contender
Meme Moguls (MGLS) aims to establish itself as the premier DeFi project that combines memecoins and play-to-earn gaming into one platform. In contrast to most memecoins, $MGLS has real-world utility and does not rely solely on hype.
Firstly, it serves as both an in-game currency and a governance token within the Meme Moguls ecosystem. In addition, users have the opportunity to stake their $MGLS tokens. Meanwhile, it is essential to note that the higher the number of tokens staked, the greater the rewards.
Community members and friends can organize tournaments on the Meme Moguls platform and engage in simulated investing games. These tournaments can range from casual entertainment to include prize pools and tournament buy-ins. This fosters user cooperation while offering the chance to win prizes and rewards.
Meme Moguls has become a go-to project for those seeking entertainment and potential rewards. This strategic approach is expected to boost demand for Meme Moguls’ native token, MGLS. Furthermore, Meme Moguls seamlessly integrates NFTs into its ecosystem.
Therefore, users can buy and sell rare NFT characters that enhance trading capabilities and improve trading conditions. Notably, the rarer the NFT, the more favorable the conditions, including leverage and spreads. The MGLS token is currently valued at $0.0021 in its beta blockchain ICO phase. Market experts have predicted a 100x price increase during the presale.
Unfortunately, Chainlink and Cosmos have lost their bullish potential over the years, having suffered a series of bearish markets. As a result, Meme Moguls emerges as the blockchain ICO that traders should consider for more gains. Meme Moguls will conduct a $10,000 giveaway at the end of each presale stage. This is to reward the most engaged user.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up
*This article was paid for Cryptonomist did not write the article or test the platform.