Will Mirror Protocol (MIR) Make a Comeback? SHIBA INU (SHIB) Experiences Token Burn While Meme Moguls (MGLS) Rides the Waves From Presale to Profits

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January 29, 2024
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3 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email [email protected]

The cryptocurrency market thrives with extreme volatility and unpredictability every day. Top crypto coins like Shiba Inu and Mirror Protocol are no exceptions as they face major volatility. As a result, investors' attention is currently focusing on other cryptocurrency, particularly with promising potential and stability in the market. 

Meme Moguls (MGLS) appears as a bullish cryptocurrency that has been seeing a surge in activity. The tremendous success of its cryptocurrency ICO can be attributed to the unique features that it offers. Let’s examine these tokens to see which is currently the best crypto to invest in.

Will Mirror Protocol (MIR) Make a Comeback?

Mirror Protocol, developed by Terraform Labs (TFL) on the Terra blockchain, has MIR as its governance token. Since its launch, Mirror Protocol's price has dropped drastically by 88.60%, to $0.0189. 

This decrease accompanies a below-average trading volume, which helps to explain the $1,478,205 decrease in market capitalization. Given the recent price fluctuations of MIR and its association with trading volume, traders are concerned about the uncertainties inherent in futuristic projections.

In a tweet on X, the official account of Mirror Protocol tweeted that “Band Protocol will permanently cease price feed support for Terra Classic, including Mirror Protocol, at 5 AM UTC on August 26th, 2022. 

The price feed support discontinuation suggests that Mirror Protocol pricing data will be inaccessible, which would make the protocol inoperable. However, the Mirror Protocol community is optimistic, expressing hope and optimism for the future.

Shiba Inu (SHIB) January Token Burn Journey 

The Shiba Inu team announced that January marks the start of the tokens burn journey. In the past few days, the burn rate of the Shiba Inu (SHIB) increased by a staggering 92.57%. According to Shiba Inu burn data, 226,531,838 Shiba Inu tokens were burned.

This contributed to a whopping 589 trillion tokens burned from the initial supply. Enthusiasts expect the higher burn rate to impact market dynamics by decreasing the quantity in circulation, which could stimulate demand and improve the token's value. 

Meme Moguls (MGLS) Rides the Bullish Wave

Meme Moguls, amongst other features, offers an exciting play-to-earn (P2E) game that lets players earn while playing. Players can design unique avatars, climb leaderboards, and unlock the best rewards by obtaining MGLS tokens. 

Meme Moguls highlights gameplay, including challenges, lucrative tournaments, and simulated trading to help users improve their investing abilities. By giving out significant monetary prizes to top performers, the wealth leaderboard gives an additional layer of complexity. 

All players should place their balance in the Meme Moguls Staking pool to receive additional MGLS cryptocurrency. Their proportion of ownership and the pool's yearly returns will determine how much they profit.

At Stage 5 of the ongoing token presale, one token now sells for $0.0036, marking the project's advancement from its humble beginning of $0.0019. Moreover, the token holds a $10,000 MGLS giveaway following every presale phase until the end of its initial coin offering (ICO). 

Looking ahead and based on analytical metrics, the price of the cryptocurrency is set to increase 100x at launch, making MGLS a top crypto to invest in.

Click Here To Take Part In The Meme Moguls Presale

Visit the links below for more information about Meme Moguls (MGLS):
www.mememoguls.com 

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This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email [email protected]

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].

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