While established crypto giants like Solana are basking in the spotlight, behind the scenes a new meme coin project called Meme Moguls (MGLS) is building momentum amongst devoted communities of traders and investors. Read on to find out more.
Meme Moguls up by 90% in the presale
Meme Moguls aims to gamify trading through a simulated environment where players build avatars, complete missions, and compete to get to the top of the leaderboards. The winners reap real-world rewards in the project’s native $MGLS token.
Central to the appeal is the meme theme which has proven itself repeatedly as a pathway to huge gains. Top players on the platform will act as mentors, sharing their trades and alpha on the next Dogecoin or Shiba Inu-type play before it explodes.
Telegram chat groups devoted to new launches have seen increasing hype for MGLS in recent days. Currently in its fifth presale stage, the asset is priced at $0.036 while some analysts forecast it as high as $2 post-listing – over 500x returns from current prices.
Presales allow investors early access to undervalued gems before their exchange debuts invariably trigger FOMO. Over 30% of the supply of the current stage has already been bought up, as buyers recognize MGLS’ potential to follow all-star meme coin and P2E gaming predecessors.
Platforms combining crypto with gaming are on the rise. MGLS stands out with its trading simulation angle tied to real financial rewards and community engagement, added with the fun of meme culture and NFTs.
The story of Solana is movie-worthy
After the savage bear market, many wrote off Solana as yet another casualty alongside FTX. But the resilient blockchain powered by SOL tokens has shown itself to be a fighter. Despite multiple network outages throwing shade, developers building dApps and NFT collections stayed loyal.
Traders got stopped as SOL plunged below $10 in December 2022. But diamond hands were rewarded just months later as buyers stepped in and SOL bounced hard off the 200-week moving average. By May 2023 SOL was back above $20 and making higher highs once more.
Critics have attacked the centralization and frequent downtime. But Solana Labs has kept on shipping code. Optimizations allowed the network to process 65,000 transactions per second by mid-2023. And SOL went on to reclaim the $100 level as supply shock set in, thanks to staking and tokens being taken off exchanges.
SOL trended up through the second half of 2023, finding support repeatedly above $90 after pullbacks. When crypto markets corrected in early 2024 alongside the equities selloff, SOL held the key $80 level. Now as Bitcoin shows signs of continued growth, SOL is poised to surge higher.
With NFT volumes picking up and the appetite for risk assets returning, speculative altcoins often move fast. We could soon see FOMO kick in, sending SOL to retest its all-time high of around $260.
Learn more about the $MGLS Presale here:
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