Ripple (XRP) Exhibits Potential for Price Surge As Memecoin (MEME) Price Decline Persists – Meme Moguls (MGLS) Awards Users With Cash Giveaway Amid Presale

Despite the allegations and legal complications affiliated with Ripple cryptocurrency, experts still have substantial hopes for the crypto, saying that XRP could finally experience a price surge this year. This article gives insight into Ripple’s potential for a price increase this year, alongside details on Meme Moguls, the new meme token set to become the best crypto to invest in this year. In other news, Memecoin crypto is declining as it has refused to experience a major increase since the start of the year.

Ripple XRP May Experience A Price Surge This Year As Opposed To Negative Expectations

XRP is currently valued at a weekly range of $0.523009  to $0.528700 with a 24-hour trading volume of $780 billion, demonstrating market resilience after a substantial 69.93% jump. The cryptocurrency currently maintains a market cap of $28.7 billion.

Despite Ripple’s rocky stance at the moment, factors like the proposed governance restructuring by developer David Fuelling, which emphasizes the decentralization of the network, could act as a key driver for the future of Ripple price. The possibility of an IPO for Ripple also paints a valuable outcome.

While an IPO can significantly affect the price of Ripple, market sentiments and intelligence are also pointing to a positive outlook for the price of Ripple moving forward. Overall, Ripple cryptocurrency positions as a top crypto to buy this year.

Meme Moguls (MGLS) Keeps Gathering Investor’s Interest As It Runs Presale Giveaway

The meme industry, set to hit $6.1 billion by 2025, presents a lucrative opportunity for Meme Moguls (MGLS) to receive a contributing spotlight. Meme Moguls introduces a utility-based meme project, drawing in investors with a remarkable $2 million raised in its ongoing token presale. 

With MGLS token’s current price at $0.0036 in the 5th stage of the presale, analysts project a 100x return within the first year, potentially reaching $0.19. Early buyers have already seen a 90% profit, and with the presale set to scale through more stages, the current price marks a good point of entry for potential investors. 

As part of its efforts to drive community engagement, the platform is currently running a giveaway that awards its most active user a sum of $10,000. You too can participate in this giveaway by joining the presale and following a few simple tasks. If anything, Meme Moguls is a perfect pick for anyone seeking the best crypto to invest in for potential mega gains.

However, the platform, functioning as an ecosystem of its own, primarily offers different thrilling features and events, including a metaverse known as Moguls World, alongside the ability to mine tokens within a fractional Moguls Land, among other things.

By building an ecosystem that thrives on community engagement, Meme Moguls is strategically positioning itself as a top DeFi token with potentially high returns. Meanwhile, analysts foresee MGLS experiencing a surge backed by its utility as an in-game currency and governance token on the Meme Moguls platform more than just hype.

Memecoin (MEME) Continues To Struggle With Bearish Pressure 

Over the past month, Memecoin has faced challenges in overcoming the bear market conditions, resulting in a 13.70% reduction in its value. Despite being recognized as one of the meme cryptos to keep an eye on this year, the MEME token has yet to experience a significant surge in value.

A week ago, Memecoin showed little promise as it priced above the resistance level of $0.02355, after pricing below it for a very long time. However, Memecoin was only able to make a total of 0.64% gain before declining again.

While Memecoin is far from hitting its all-time high (ATH), experts predict that the meme cryptocurrency will struggle hard to hit a new peak price before or after the halving effect of Bitcoin.

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Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.