Few coins have pumped as heavily and quickly as the Shiba Inu (SHIB) did when it arrived. But the memecoin could have even more upside, with a 30% increase in the last month and another zero point to be removed.
This bullish momentum comes amid the pre-sale launch of Meme Moguls (MGLS), where thousands of investors flocked to purchase MGLS tokens at a heavily discounted price before official trading begins. Let’s take a look at these two meme-inspired cryptocurrencies and see what investors can expect in the coming weeks.
Can Shiba Inu (SHIB) break psychological resistance?
Only a few altcoins have experienced the meteoric rise that Shiba Inu (SHIB) experienced upon its launch in 2021. In the wake of Dogecoin’s success, Shiba Inu’s value rose 100-fold in just a few months as Doge-based FOMO swept across the market.
However, after Shiba Inu reached a maximum market cap of $41 billion and rose to the top 20 cryptocurrencies, the price began to cool down. The memecoin lost over 95% of its gains before finding support $0.0000060 – $0.0000070 zone.
Since then, Shiba Inu has steadily gained traction and is poised for a breakthrough $0.000010 resistance level. This could be the start of a new bullish cycle for Shiba Inu as many investors expect the removal of another zero from its price.
While Shiba Inu started out as a tongue-in-cheek memecoin, it has quickly grown into a respected project with real-world use cases. The newly introduced Shibairum Layer 2 blockchain is noteworthy more than 1 million wallets already created.
Additionally, Shiba Inu has created a decentralized exchange that can compete with Uniswap and PancakeSwap, further expanding its utility. These fundamental developments and the ongoing hype surrounding meme-inspired tokens should see Shiba Inu finally gain the upper hand $0.000010 Resistance and start a new bull run.
Meme Moguls (MGLS) sparks excitement among investors as it launches presales
The development of meme tokens seems to have reached its peak with the introduction of Meme Moguls (MGLS) — a meme-powered stock market on the blockchain. Meme Moguls allows users to trade their favorite memes and earn rewards through MGLS tokens.
This unique project was met with great enthusiasm in the crypto community. Available with MGLS tokens for only $0.0019 In the first pre-sale phase, investors are already rushing to secure their share of MGLS before it starts.
The platform is not just a trading hub, but a community-centric space where users can network, share insights, and collaborate on strategies. The goal is to put on your best trading hat and fight your way to the top of the Meme Moguls Wealth Leaderboard.
While the exchange is Meme Moguls’ main product, the team has also announced plans to launch three additional products to create an entire ecosystem for meme enthusiasts:
- Moguls Casino: Here users can participate in gaming activities using meme-based assets.
- Meme Moguls Fantasy Trader: Here traders can test and refine their strategies compared to others in the community.
- Mughal country: An immersive metaverse experience that offers more interactive financial activities such as token mining and joining liquidity pools.
These products are powered by the MGLS token, making it a must-have asset for anyone looking to participate in the Meme Moguls ecosystem. MGLS tokens also come with staking rewards and governance rights to provide additional incentives for investors.
As the meme market continues to grow, with Statista predicting it will reach $6.1 billion by 2025, Meme Moguls is strategically positioned to play a significant role in the industry. Analysts expect the MGLS token to continue growing 100x as soon as it goes public.
These gains may seem far-fetched, but statistics from thecryptobasic.com show that Shiba Inu has achieved a 1.6 million% ROI since its launch three years ago. Meme Moguls holds the same potential and investors are already taking note.
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