Meme Moguls (MGLS) Emerges as a Strong Competitor Against Cardano (ADA) and Polygon (MATIC)

January 17, 2024
2 min read

Over the past few years, the cryptocurrency sector has witnessed substantial expansion, marked by the continuous emergence of new platforms and technologies. However, investors still face difficulties in discovering reliable and resourceful investment platforms that can meet their special requirements. 

Meme Moguls, a new entrant in the market, aims to provide a variety of income opportunities incorporating simulated trade activities in its ecosystem. Here, we will look at the best cryptos to buy in the market now: Meme Moguls (MGLS), Cardano (ADA), and Polygon (MATIC).

Meme Moguls (MGLS) Combines Trading and Memes

Meme Moguls is an upcoming meme-backed marketplace that promises to provide a variety of income opportunities, for both crypto beginners and advanced traders. Individuals with little or no experience will be able to engage in the platform's simulated trade activities. 

Community members can set up tournaments, either for fun or to win from a prize pool and buy-ins, offering an interactive gaming experience. Likewise, the Meme Moguls ecosystem features a Moguls World, which functions as a Metaverse, allowing players to mine tokens, participate in liquidity pools, and stake their tokens for passive income.

Besides the side attractions, Meme Moguls’ dedicated Marketplace facilitates buying, selling, and swapping game items, while trading missions and challenges provide opportunities to earn valuable meme assets and rewards.

Currently in its fourth stage of token presale, a single MGLS token is priced at $0.0027, up from $0.001, an increase driven by the dynamic pricing model. Meanwhile, further appreciation is anticipated, and participation in the ongoing presale offers investors the potential for up to a 10X return on their initial investment. 

Is Cardano Among the Top 5 Cryptocurrency This Year?

Cardano (ADA) is encountering challenges in the market as it finds it hard to maintain bullish momentum. While the downward trajectory of ADA price has persisted since the start of the year, it has resulted in an 11% loss in the past seven days, thereby causing apprehension among investors. 

However, a decline in prices doesn't necessarily carry negative implications. Instead, it offers an opportunity to invest at a considerably reduced cost, as seen with Cardano. With Cardano maintaining its position in the top 10 cryptocurrencies by market cap, as well as an imminent comeback, ADA still sits comfortably among the best cryptos to buy at the moment.  

MATIC Down by 13% Despite Recent Active Tweets by Polygon Cofounder

Sandeep Nailwal, one of the co-founders of Polygon (MATIC), recently shared a tweet highlighting the accomplishments of the blockchain. According to the tweet, Polygon's Proof of Stake (PoS) network observed the highest number of daily active addresses in the first week of 2024 since October 2023, averaging around 500 thousand per day.

Despite the increase in active addresses, Polygon price and transaction volume experienced a sharp decline. The MATIC token saw a decrease of roughly 13% from the $1 price mark achieved towards the end of 2023. 

While Polygon has continued to struggle to stay afloat the support level, the MATIC token has made significant progress in the last 24 hours. As of writing, MATIC's price has soared by 6% to settle around $0.84 with a market capitalization exceeding $7.9 billion.

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