THORChain trading volume skyrockets, Polkadot hits 200-day high, Memes mogul launches staking feature for passive income

THORChain’s trading volume grew significantly in November as it became the second largest DEX in terms of trading volume. Additionally, the price of Polkadot has increased, a sign of increased investor confidence. Meme Moguls is building a comprehensive and engaging ecosystem. This platform offers various features including staking.

THORChain (RUNE) exceeds PancakeSwap trading volume

THORChain (RUNE), a decentralized liquidity and staking protocol, saw its trading volume increase to $1.32 billion last week. This surge has seen PancakeSwap overtake the second place among decentralized exchanges (DEXs) in daily trading volume.

On November 13, THORChain’s trading volume reached a high of $334.3 million. This was reportedly more than PancakeSwap’s $286.8 million by DeFiLlama.Amid this period of high trading activity, THORChain RUNE price has increased by 57.9% to $5.09 over the past week.

Similar, THORChain price has also seen huge gains in the last 30 days with a price increase of 207.5%. THORChain coin’s price rally began after the price fell to $1.51 on October 19th. Currently, THORChain price prediction remains bullish as shown by technical indicators

Polkadot (DOT) rises to $5.90

Recently, Polkadot (DOT) caught the attention of investors after improving its betting system. In particular the introduction of Polkadot staking dashboard 1.1 has had a positive impact on the price of Polkadot. As of this update, the Polkadot cryptocurrency is trading above $5.

Polkadot’s price Overcame a falling resistance trend line to reach a high of $5.90 this week. This marks the highest level in 200 days. However, data from CoinMarketCap shows that Polkadot’s value fell to $5.39, a decline of 3.2%.

Likewise, Polkadot’s CoinMarketCap and trading volume fell by 8% and 3.17%, respectively, on November 13th. However, Polkadot’s technical indicators are bullish, a sign that the token could see further gains in the coming days.

Meme Moguls (MGLS) staking initiative

Meme Moguls (MGLS) is an upcoming meme coin and play-to-earn project that aims to become as popular as Shiba Inu or Dogecoin. It is planned to be the first-ever exchange/exchange powered by memes. Meme Moguls’ goal is to capitalize on this trend and become a leader in the meme coin industry.

This innovative platform aims to change the way people view memes and cryptocurrency trading. His goal is to seamlessly merge these two worlds to create a unique and exciting experience. The project consists of different parts, including Moguls Casino for games with meme-related assets and MGLS, its own token.

Additionally, the Moguls Exchange Trading Platform allows trading in meme-based assets. On the other hand, in the Meme Moguls Fantasy Trader section, users compete for rewards. Another important part of the ecosystem is the Mughal country. This is a virtual world where users can interact and mine tokens together.

Users can stake tokens in liquidity pools to increase their profits, and the ecosystem offers meme-inspired materials to help make trading decisions based on meme trends. There is a staking mechanism that allows users to earn more tokens by staking their MGLS tokens. Currently the $MGLS token is available for $0.0019 in ongoing advance sales. You also have a chance to earn up to $10,000 in giveaways if you take part in the pre-sale.

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