There’s bullish news for Litecoin, Cardano, and a new token called Meme Moguls. As the market rises, traders are looking to stock up their portfolios to take advantage of what appears to be a bull market. And all just in time for Bitcoin’s halving event in 2024.
Read on to find out all about it.
What you'll learn 👉
Cardano could be building a Layer 2 with Kraken
According to a post on X on Nov 13, Cardano is gearing up to team with CEX Kraken. Why? To help them to build and grow a Layer 2 decentralized blockchain. This came after Kraken sounded a call for help.
Given that Cardano is a Layer 1 blockchain, the implication is that Kraken would be a scaling solution based on Cardano, or at least leverage their tech and network security to make a L2.
Although some might question if Cardano should spend more time developing their own product, since their TVL (Total Value Locked), lags way behind other major blockchains, it could be that this potential collaboration takes the Cardano and ADA to new heights in 2024.
Litecoin is well on the way to mainstream adoption
Litecoin, one of the grandaddys of crypto, failed to grow after this year’s Litecoin halving event. But history shows us that this has happened before and that it often takes a bit more time to see bullish price action, with BTC’s halving event as the turning point.
The newsworthy event for Litecoin is that Bakkt has just integrated it, along with six other currencies, into its Bakkt custody product and platform. Bakkt aims to make cryptocurrencies like Litecoin more accessible and usable for mainstream businesses and consumers.
They focus on building regulated infrastructure and solutions to bridge traditional finance and the crypto economy, thus furthering mainstream adoption.
This growing adoption is part of a larger trend for Litecoin both for institutions and everyday users. Litecoin has recently been integrated into Bitpay – a solution that allows people to pay their bills with crypto.
Litecoin claims to be “the most active blockchain in the world” with over 1.3 million transactions in the last 24 hours vs 430,000 transactions in the Bitcoin network.
The project with the most growth potential in 2024 is Meme Moguls
While Litecoin proves that it can be the everyday currency of crypto, Meme Moguls is set to be the go-to place for Memecoins. Meme Moguls will be a decentralized stock exchange, a play-to-earn game and a thriving community space for meme lovers. Gamers can enjoy betting with their token MGLS, in the casino, or build up meme-based avatars and participate in a meme fantasy trading league.
Non-gamers, or those who like both the fun and the technical side, can use the platform to analyze the latest trends and find the newest hot memecoins – to become a “meme mogul”. They can also provide liquidity. The incentive is earning MGLS and being rewarded with exclusive NFTs that are tradable on platforms like Opensea.
But that’s not all.
The MGLS token is in presale and can be bought at $0.0019, at the very first stage. Predictions say that a 1000x is likely before the token even launches on the open market. This is slated for the end of 2023. From there on in, speculators expect a 20x, and the possibility of more, as the platform gains more traction and attention in the thriving meme community. For those early investors, the team will give away $10,000 at the end of each presale stage.
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