According to recent reports, Avalanche Foundation has turned its eyes to meme coins as it aims to create a meme coin collection. Is Meme Moguls, a top ICO meme coin in the presale stage, part of this list? Let’s find out why crypto analyst Ali Charts has forecasted that Uniswap would have a smooth sail to $10.
What you'll learn 👉
Avalanche (AVAX) Foundation To Spend Funds on Selected Meme Coins
In a recent tweet on December 29, the Avalanche Foundation announced plans to channel funds from their Culture Catalyst initiative into meme coins. The foundation plans to buy certain Avalanche-based meme coins to build a unique collection.
Also, the tweet laid out specific criteria to determine which meme coins will receive funding. Launched last year, the Culture Catalyst program is focused on supporting creative minds and accelerating the use of blockchain technology.
In other news, Avalanche crypto is part of the top gainers this news. The DeFi coin price is above the $40 region after an increase of 97.6% in the weekly timeframe. Analysts have predicted the Avalanche crypto price to reach $70 in 2024.
Uniswap (UNI) To Reach $10
In a recent tweet, Crypto Analyst Ali pointed out that Uniswap (UNI) has turned $7.23 into a support level. According to the analyst, there is no major resistance ahead. As a result, he sees Uniswap coin riding the wave to $10.
Meanwhile, Uniswap has made a strong move, gaining 20% over the past week. According to CoinMarketCap, Uniswap coin rose from a 7-day low of $6.13 to a high of $8.22.
However, it has witnessed a little price retracement as it dropped to the $7 region. Still, the token is bullish on the 30-day chart with gains of 21.4%. If Ali’s price forecast holds, the DeFi coin price could rise to $10 in the coming days.
Meme Moguls (MGLS): The Best Meme Coin for Massive Growth
Meme coins have gained traction in the crypto market, with platforms like Avalanche Foundation showing interest in them. Although Meme Moguls (MGLS) is not part of the meme coins to receive funding from Avalanche Foundation, it has successfully raised $1,059,349 from its presale.
This shows that investors trust the top ICO. Keep reading to know more about Meme Moguls. Meme Moguls merges the fun of meme culture with the excitement of trading and gaming. It is a place where you can earn money, learn new skills, and compete in a virtual market.
Moguls World is an engaging metaverse where users can do a lot more than just hang out. Here, you can mine tokens, participate in liquidity pools, and stake your tokens.
MOGULS!! 🔥
— Meme Moguls (@meme_moguls) December 8, 2023
Are you ready to change the landscape? 🧑🌾 With one of the biggest airdrops of 2024 👀 Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt
In the Meme Moguls staking pool, users can lock in their $MGLS tokens – the platform’s DeFI token. By staking these tokens, players earn rewards based on their share of the pool and the annual returns. The more you stake, the higher your potential earnings.
Apart from being used for staking, MGLS is a governance token. Holding these tokens gives you a say in the platform’s decisions. Currently, the value of the $MGLS token is $0.0025
Final Thoughts
While Meme Moguls is not part of the meme coins Avalanche Foundation will buy, it still has great prospects. Its features set it apart from other meme coins and make it a worthy contender to Uniswap.
Analysts have predicted that the Meme Moguls DeFi token will rise 20x. The platform has taken steps to prevent sell-off post-launch by locking team tokens and liquidity pool for two and five years, respectively.
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