SPONSORED POST*
Recently, two significant milestones have captured the attention of cryptocurrency traders. Ethereum (ETH) has witnessed its long-term holder ownership soar to a record-breaking 70%, while Meme Moguls (MGLS) advances to Stage 3 of its presale. This new ICO is also making headlines as it has raised over $893,900. Some experts have even pegged MGLS as the next 100x token in 2024 – let’s find out why.
Summary
Ethereum News
Ethereum (ETH), a pioneering force in the blockchain realm, recently achieved a historic milestone as long-term holder ownership surged to an unprecedented 70%. According to IntoTheBlock, this placed Ethereum ahead of Bitcoin (BTC), which was hovering just below the 70% mark.
In terms of the Ethereum crypto value movement, it has increased from $2,132 on December 18 to $2,277 on December 25. Moreover, it’s now trading above its 100 and 200-day EMAs, which paints a bullish picture for Ethereum’s future.
Because of all these factors, CoinCodex analysts foresee the Ethereum value reaching $2,443 in January 2024. This makes ETH one of the top altcoins to watch.
Meme Moguls (MGLS): A Unique Meme Coin
Meanwhile, Meme Moguls (MGLS) has been making substantial progress, reaching Stage 3 of its presale. The DeFi project’s advancement highlights the growing interest and support gained by MGLS within the crypto community. MGLS is now seen as an innovative meme coin that differentiates itself from 99% of its peers by having actual utility.
MGLS is the in-game currency and a governance token for Meme Moguls – an upcoming play-to-earn (P2E) game that will teach you all the ins and outs of investment and wealth building. In this game, you will engage in simulated investment activities where you attempt to turn your virtual profits into actual cashable returns. You can even launch tournaments that are casual fun or have prize pools.
While this game is the main pillar of Meme Moguls, its team will also introduce other components in its ecosystem:
- Moguls World: An immersive metaverse enabling interaction among traders, facilitating connections and participation in liquidity pools.
- Staking: Increase your MGLS token holdings by contributing your tokens to Meme Mogul’s staking pool.
The MGLS token powers these features, simultaneously bringing governance and staking rewards to holders. One token now costs just $0.0025 – a 31% increase from its starting price. However, as this Stage 3 presale advances, more price hikes are coming. Some experts predict that MGLS may surge to $0.19 in 2024 – a 100x ROI if you buy it now.
Given that CoinCodex reports that the meme coins market cap is currently $23.62B, Meme Moguls will enter a flourishing market. Its innovation could make it a fan-favorite platform for millions of meme enthusiasts – causing MGLS to become a blue-chip token. Those who buy it now will also receive a 30% deposit bonus.
In Closing
Ethereum’s record-breaking long-term holder ownership and Meme Moguls’ successful advancement to Stage 3 of its presale mark crucial moments in the DeFi market. Nevertheless, MGLS stands out due to its considerably low market cap. For context, Ethereum boasts a market cap of $273B, which means a substantial influx of new funds is required for price growth. In contrast, MGLS boasts a $7.5M market cap, suggesting quicker returns for all who buy this altcoin now.
Learn more about the $MGLS here:
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*This article was paid. Cryptonomist did not write the article or test the platform.
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