Pepe, the frog-themed meme coin, gained popularity in early 2023 after its rapid price rise. The meme coin gained more than 1,000% in the first week of its launch, but is now more than 70% below its all-time high.
Another meme coin, Meme Moguls, has become the talk of the crypto community. Meme enthusiasts have shown great interest in the first meme trading platform to launch the project.
Is Pepe (PEPE) dead?
The meme coin Pepe (PEPE), once attractive for its bullish momentum, has seen a precipitous decline in recent months. Currently Pepe’s price is Decline of 73% from its 2023 peak of $0.000004354. Pepe coin saw an increase of 89% in October amid the broader crypto market bull run.
Unfortunately, $PEPE bulls failed to sustain the price increase. According to data from Pepe CoinMarketCap, the Pepe token has risen 3.5% on November 15 to $0.0000012.
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The meme coin’s market capitalization increased by 4.02% to $502,021,887, making it the 88th largest token. On the other hand, Pepe’s trading volume fell by 48%.
This means $Pepe holders are losing faith in the meme coin and are looking for alternatives. Two main reasons for Pepe’s bearish move are his lack of utility and the decline of the broader crypto market.
Meme Moguls (MGLS), the meme coin with utility and earning potential
Unlike Pepe, Meme Moguls (MGLS) has utility and a comprehensive ecosystem with various earning opportunities. If Pepe can achieve such geothermal energy without utilities, analysts believe Meme Moguls will surpass Pepe.
Meme Moguls is an emerging platform for individuals to trade Meme assets In a meme exchange. In addition, the platform provides up-to-date information on meme coin news. Meme Moguls offers various games at Moguls Casino including poker, roulette, blackjack and more.
Components include Moguls Exchange Trading Platform, Mogul Land and Meme Moguls Fantasy Trader. Meme Moguls has launched a utility token called the MGLS token that holders can stake to earn rewards.
By staking their tokens, players are entitled to rewards based on their share of the pool and annual return percentage. The more tokens staked, the greater the potential profit. Meme enthusiasts can explore numerous ways to make money at Meme Moguls.
First, they can participate in competitive meme trading on Meme Moguls Fantasy Trader with the opportunity to win prizes and earn rewards. Users can interact, earn, stake tokens, and participate in liquidity pools on Mogul Land. Active $MGLS holders can receive exclusive rewards such as special privileges, $MGLS tokens and even unique NFTs.
Final thoughts
While Pepe has lost most of its profits, Meme Moguls has emerged as a better meme coin alternative. The goal of Meme Moguls is to build a vibrant and interactive trading community.
The MGLS token is in the beta phase of its pre-sale and is available for $0.0019 per token. There will be one $10,000 gift at the end of each advance sale. This giveaway will be awarded to the most active Meme Moguls owner on Twitter.
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Disclaimer: This content is for informational purposes and should not be considered financial advice. The views expressed in this article may contain the personal opinion of the author and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic assumes no liability for any financial losses.
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