With the high degree of positive volatility we have witnessed in the past couple of weeks on the market, there seems to be some deceleration, calm, and price corrections at the moment.
While projects like Ripple (XRP) exhibit stability at $0.75 to bounce back from its downturn, other seasoned altcoins like Cronos (CRO) experience renewed interest due to upgrades and general price upticks. Meme Moguls (MGLS) takes center stage to inject an innovative concept about how meme DeFi projects are perceived; by combining the P2E mechanics with meme currency dynamics.
This unique approach positions it as a compelling candidate for the roster of next-generation meme cryptocurrencies solely based on utility — an important check mark when looking for the best new crypto to buy. With over $300,000 MGLS tokens sold in its first presale stage, the MGLS token is selling out rapidly.
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Meme Moguls (MGLS) Enters the Lucrative Gaming and Meme Market
Gaming has transformed into a lucrative industry, surpassing $300 billion globally due to an influx of new gamers seeking social connections as reported by Statista. With the rising popularity of blockchain, the gaming industry has shifted its business models. Now, gamers can earn cryptocurrency or non-fungible tokens (NFTs) using their personal computers or mobile devices, not just supporting the game’s creators and distributors.
Meme Moguls (MGLS) recognizes this and has combined a play-to-earn model with meme elements to create a hybrid GameFi-DeFi ecosystem, positioning itself as one of the best crypto projects to invest in. Particularly, Meme Moguls allows users to simulate investing, play trading games, and compete for meme rewards.
Beyond simulations, users can explore the virtual Moguls World, where they can trade rare NFTs and earn passive income while at it. Meme Moguls’ NFTs particularly offer enhanced trading abilities, serving as valuable elements in the platform’s in-game economy, with the rarest ones providing additional perks.
The MGLS token, doubling as the platform’s native asset, is another thrilling component of Meme Moguls. Essentially, the MGLS token acts as in-game currency, enabling players to buy assets in the marketplace. Moreso, holding MGLS offers diverse benefits including farming rewards for staking, governance rights, and access to exclusive features and benefits.
Priced at just $0.0023 in its second presale stage, the MGLS token is gaining popularity and selling fast, making it an enticing option for those looking for the best new crypto to buy. Moreover, Meme Moguls aims to make 100 millionaires in its initial three months as it is keen on achieving its goal to become the next 10X token.
In its latest effort, Meme Moguls is giving away up to $20,000 in $MGLS as a special holiday bonus. To participate in this giveaway event which is set to begin on December 15th, a prospect must be a current holder of MGLS tokens.
Ripple Holders Hold on to the Promise of a $3 Mark
Ripple (XRP) holders have had quite a year with the FOMC and the subsequent court proceedings about the company. Despite all this, XRP is up 4.5% in the last 24 hours bringing its coin value to $0.63.
While XRP holders expect a favorable outcome about the company’s financial litigation, there’s a positive outlook for Ripple’s price to climb up to $3.
OKX posted that XRP tokens held by users are robustly backed by reserves, with a strong 104% coverage for a substantial 219,171,917 XRP, valued at $134.8 million. This transparent backing provides a solid foundation for Ripple’s positive momentum.
To hit the $3 price mark, Ripple needs a significant 374.4% growth from its current price. Achieving this growth relies on Ripple’s price reply to bullish spikes including the successful resolution of regulatory challenges and broader market dynamics like market sentiments and available liquidity.
Cronos (CRO) Help Facilitates Cross-Border Blockchain Networks
Cronos (CRO) is a big player in the crypto world and has been a top competing DeFi project as regards the facilitation of cross-border transactions. They’ve been shaping how transactions work across different blockchain networks.
Cronos and Crypto.com collaborated to create the Cronos Bridge, a product that lets users securely transfer assets between blockchains using the DeFi Wallet. Currently, it supports CRO transfers between the Cronos POS Chain and Cronos, as well as ATOM transfers between Cosmos and Cronos.
Additionally, Cronos plan to launch cross-chain bridging between Ethereum and Cronos soon, with support for ERC20 tokens such as ETH, WBTC and USDT. If they succeed, the CRC blockchain may become more appealing as one of the best crypto to invest in.
CRO is currently trading at just under $0.105, up 11.08% in the last seven days. While the price of CRO has increased by a significant percentage this year, the total value locked in the Cronos blockchain has decreased by 6% since January 1.
Ultimately, Cronos’ consistency for cross-chain utility, Ripple’s resilience in the face of setbacks, and Meme Mogul’s innovative approach to the crypto space place them among the best crypto to invest in.
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