After a tough few years, Ripple (XRP) is back on track and growing strong, but just how high can it go? Today, we’ll discuss Ripple’s market capitalization and the rise of other cryptocurrencies, such as Avalanche (AVAX) and Meme Moguls (MGLS). These three digital assets have been rewarding investors with impressive gains, and they may not be slowing down anytime soon.
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What you'll learn 👉
Ripple (XRP) Market Cap On Track For $50 Billion
Ripple (XRP) is the fifth-largest cryptocurrency, with a market cap of over $32.8 billion. This is a significant increase from its market cap of just over $7 billion in early 2020, but can it reach $50 billion?
Ripple has recently been in the news for defeating the SEC in a lawsuit that claimed XRP was an unregistered security. This win instantly boosted the Ripple price by 100% as investors regained confidence in the digital asset.
But Ripple’s success is not just due to its legal victory. The foundation has attracted a number of prominent partnerships, including with major financial institutions like MoneyGram and Santander. The most recent partnership with Onafiq is due to improve cross-border payments for the African continent.
Ripple is one of the few cryptocurrencies fully compliant with securities laws. This could lead to even more partnerships and increased adoption, which could result in the price of Ripple finally breaking the $0.90 resistance level to hit $1.00, which would give a market cap of over $50 billion.
Meme Moguls (MGLS): The Rise of Meme-Based Trading
Meme Moguls is launching the world’s first meme-based stock market. Users can dive into a vibrant community-focused ecosystem with play-to-earn opportunities at every corner. So get ready to channel your inner Warren Buffet and trade your way to the top!
Such an industry-defying concept has already generated interest from traditional finance investors and the meme community, with the MGLS token selling rapidly during the first phase of the ongoing presale event.
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This MGLS token sits at the heart of the Meme Moguls ecosystem, powering transactions and enabling meme-based trading. The token lets holders access exclusive features, vote on community decisions, and earn staking rewards for adding liquidity to the platform.
But the rewards don’t end there! Through participation in the ecosystem and achievements in gameplay, users have opportunities to earn NFTs that can be flipped for profit or used to boost trading power.
With the meme market now valued at more than $17 billion (Coincodex.com), analysts believe that Meme Moguls could soon have a billion-dollar market cap. The recent surge of Pepe from zero to $2 billion in a matter of weeks shows that this is not an impossible feat.
The current presale price of $0.0021 could rise by 100x or more with Meme Moguls unlocking its full potential. It’s also worth noting that this presale price is predicted to grow by 1,000% before the token even hits any exchanges.
Avalanche (AVAX) Targets Payments Industry with Unique Tech
Avalanche is an alternative layer-1 that specifically targets the payments industry. With a unique four-chain architecture, Avalanche aims to provide scalability and interoperability for decentralized applications. This makes it an appealing option for developers looking to build on a platform that can handle large transaction volumes.
Avalanche has faced difficulties keeping up with Ethereum and Solana, but 2024 could be its year to shine. JP Morgan is currently testing the use of Avalanche — alongside Axelar and LayerZero — for managing tokenized assets. The tests are going well, and if successful, this could be a massive validation for the ecosystem.
In terms of price, Avalanche has climbed from $8.70 at the end of October to a current price of $22.35. A daily close above this level would likely signify the start of a fresh bull run that could propel AVAX to $40 before new all-time highs.
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