Meme Moguls (MGLS) Token Consolidates as Chainlink (LINK) Price Holds: Potential 100x Growth?

Meme Moguls hit a new all-time high going into 2024. This exciting new altcoin defied market trends and increased in value while most of the crypto market faced a correction. One project that was hit by this correction was Chainlink, which is now starting to recover after a significant price decrease. As analysts predict how Chainlink will perform in 2024, crypto investors believe that Meme Moguls could offer 100x growth by the end of the year. 

Chainlink Price Growth Slows Despite New Developments

Chainlink increased in value by 132% in the last year. This growth was driven by several new developments, including partnerships with some of the world’s largest brands. However, Chainlink’s growth slowed in December, and the project is now down 2% in the last seven days. 

In October 2023, Chainlink announced a new partnership with Vodafone, a British multinational telecommunications company. This partnership aimed to explore how blockchain technology can be used as part of the company’s supply chain.

This partnership came after two other deals. The first was in August with Swift, a global financial service provider, who plans to use Chainlink to connect traditional financial institutions with blockchain networks. The second was in September with ANZ Bank. ANZ announced they plan to use Chainlink to enable communication between its Ethereum and Quorum blockchains. 

These developments could significantly speed up DeFi adoption and could have long-lasting implications for the DeFi market. 

In addition to new partnerships, Chainlink is also building its DeFi ecosystem. The project recently launched an early access staking program, which sold out in six hours. In total 40.8 million Chainlink (LINK) tokens (worth $632 million) were staked, showing developers there’s significant interest in Chainlinks v0.2 infrastructure. 

As its ecosystem and applications continue to grow, experts believe that Chainlink could experience several bull runs. Analysts believe that Chainlink’s current price of $14.20 is significantly undervalued and expect LINK to double in price in 2024. 

Meme Moguls Chases 100x Returns In 2024

Meme Moguls is taking P2E experiences to the next level with its unique new investment platform. With Meme Moguls, players can invest in a virtual, meme-based stock market where they can trade assets, win rewards, and collect NFTs. 

Within this unique ecosystem, players will be able to completely customize their avatars, connect with like-minded investors, and build several new income streams. Several unique game modes will be available for investors, including tournaments (both free and paid), winner-takes-all events, and “Beat the Market” where players can try to outperform the world’s leading index funds. 

The Meme Moguls presale gives investors a range of opportunities to win big. Aside from potential 100x returns, the project also has a significant prize pool. After each presale round, one active investor will win a $10,000 reward, and prizes such as holidays and gadgets will be given out throughout each stage. 

Investors can get involved in the Meme Moguls presale by purchasing $MGLS tokens. $MGLS tokens are currently available for $0.0027. However, as its growth gains momentum, Meme Moguls is expected to experience several price increases. As a result, investors need to quickly take action to maximize their returns. 

Visit Meme Moguls

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Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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