See how far Solana is projected to grow and why analysts and traders are moving towards Meme Moguls for even higher ROI.
Solana (SOL) experienced a major pump and could soon see a new price increase that could position it as a major player in the market. Yet, this bullish momentum is seen in competing projects as well, such as Meme Moguls (MGLS), which has showcased impressive presale performance, with thousands of investors acquiring the crypto at a heavily discounted value. Today, we will jump into the price performance of both projects to see just how far they can spike.
Solana (SOL) to Break Above $80 in Q1 2024
Solana (SOL) is getting a significant level of attention following its most recent price surge, leading many enthusiasts to eye the crypto as a potential candidate for diversification.
The blockchain gained a lot of popularity as Solana became one of the fastest-performing networks with its throughput at launch, through its Proof-of-History (PoH) system. Since its launch, it has evolved, and recently, Hivemapper, Helium, Teleport, and Render Network chose the network and are operating on top of it.
As for the Solana price performance, the cryptocurrency increased in value by 86.2% in the previous 30 days, sparking genuine interest. Based on the weekly price chart for the crypto, SOL climbed from $52.21 to $61.47. According to the Solana price prediction, it can spike as high as $84.91 by the start of next year.
Meme Moguls (MGLS) to Experience Explosive Growth Following Its Launch
Aside from Solana, another project that's gained a significant amount of attention in the spotlight is Meme Moguls (MGLS). This is a meme-backed stock market that is built on top of the blockchain. Through its technology, users are enabled the opportunity to trade their favorite memes and meme-based assets and earn rewards.
The platform has gathered attention from enthusiasts on a global scale and within the Web3 community. During the 1st presale stage, the MGLS token is offered at just $0.0021, and buyers are fighting to acquire as much of it as possible before it explodes in value.
Alongside being a platform that enables trading, it is a community-building center where anyone can learn and collaborate on their strategies. While the exchange is the main part of the ecosystem, users can also find the Meme Moguls Fantasy Trader P2E experience, where traders can test and refine strategies. There's also a dedicated Metaverse that features Moguls Land, and anyone can mine tokens or join liquidity pools.
These features are all fueled through the usage of the MGLS token, making it a major utility token within the ecosystem. There are also staking rewards for the crypto, and anyone can also jump into the governance process.
As interest in the meme space increases and the blockchain industry explodes in popularity, Meme Moguls can become a major player and grow by 50x once it gets listed on Tier-1 exchanges.