As the crypto market turns bullish, copy traders are stocking three altcoins. The first two are fan favorites Shiba Inu and Dogecoin, both of which have made momentous gains over the last month. The third is Meme Moguls, a disruptive new memecoin unlike anything else in the memecoin market. Here’s why investors are excited about each project.
What you'll learn 👉
Shiba Inu Burn Rate Crashes As It’s Price Surges
Shiba Inu investors have burned SHIB tokens throughout 2023 in an attempt to increase the value of remaining tokens. However, after a 23.67% rise in Shiba Inu’s price in November, token burning has dropped by over 100%.
Analysts believe this decline is linked to the recent progress made by Shiba Inu. Following its recent surges, Shiba Inu has become the 16th largest cryptocurrency by market cap, overtaking Litecoin and DAI.
This is a huge success for Shiba Inu and has triggered a 166% surge in Shiba Inu’s trading volume over the last 24 hours. With experts such as SHIB KNIGHT predicting additional price increases, Shiba Inu’s daily trading volume continues to rise and $843 million on December 6th as copy traders continue to stockpile the memecoin.
Dogecoin Market Cap Hits $14.4 Billion
Dogecoin, the world’s largest memecoin, has rallied by 12.59% overnight as the project celebrates its 10th birthday. This price increase has pushed Dogecoin above $0.10 for the first time since April 2023, causing many copy traders to flock to the token.
In addition to attracting more investors, Dogecoin’s rally has taken the project’s market cap to $14.2 billion. Investors are now asking how high Dogecoin could go, as the project continues to solidify itself as the world’s leading memecoin.
According to Crypto Daily Trade Signals, this Dogecoin rally is far from over. Analysts predict that Dogecoin could rise to $0.16 by the end of 2023, with bullish predictions suggesting $0.20 is a possibility.
Such an increase would be a significant win for the Dogecoin community and could trigger an additional bull run going into 2024.
Why Are Copy Traders Flocking To Meme Moguls?
As Dogecoin and Shiba Inu continue to spark debates, Meme Moguls is set to become one of the most innovative memecoins of 2023. Meme Moguls plays on the memecoin name while offering better utility than any memecoin ever created.
The project introduces an innovative new game that empowers users by teaching them how to invest. It utilizes the concept of simulated investing, in which players can invest in a virtual stock market without risking funds.
Instead of using their own money, players are assigned $100,000 in virtual cash, which can be used to learn investing strategies, play stock market trading games, and earn meme rewards and cash prizes.
Meme Moguls also takes the idea of investing one step further by introducing competitive but fun games. Users will be able to “battle” each other in winner-takes-all contests and will also have the opportunity to join free and paid trading tournaments to win rewards. An in-play ranking system will also be in place, where top “Moguls” will be able to generate a passive income.
The Meme Moguls presale is expected to become one of the fastest-selling in 2023. During its presale, 60% of the $MLGS token supply will be available to investors. Tokens will start at $0.0019, and one lucky investor will win $10,000 after each presale stage sells out.
Being the first of its kind, experts predict that Meme Moguls will rise over 100x over the next year. Should it hit these predictions, Meme Moguls will outperform the markets best memecoins, Dogecoin and Shiba Inu included.
For more information about the Meme Moguls (MGLS) presale:
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