Despite the increase in the market volatility, meme coins are showcasing a bullish sentiment, and this could lead to a shift in interest among investors. Both Dogecoin (DOGE) and Shiba Inu (SHIB) have historically recorded solid increases, yet a new contender has also entered the market that can lead the TradFi space in the upcoming years.
Meme Moguls (MGLS) is an upcoming meme-inspired Play-to-Earn (P2E) ecosystem in which players can engage in simulated trading. Today, we will dive into how far each cryptocurrency can spike and see why there's currently a bullish market sentiment for meme coins.
Shiba Inu (SHIB) Community Is Bullish on Its Future – SHIB KNIGHT Gives an Optimistic Outlook
Shiba Inu (SHIB) was recently on a bearish correction spree. However, expectations of a rebound are massive due to its vast usage. The Shiba Inu crypto has an enthusiastic community, and the confidence they have over the potential of the token to move past the challenges is high. Crypto analyst SHIB KNIGHT on X (Twitter) recently shared a bullish outlook for the future of the Shiba Inu price.
According to the analyst, SHIB whales bought the meme coin intensively at the $0.00000875 Golden Zone Support. Under bullish circumstances, the price targets of SHIB will be between the $0.00000896 to $0.00001486 range. This optimistic Shiba Inu price prediction sent waves among Web3 circles and could be a catalyst for even further accumulation.
Dogecoin (DOGE) Corrects by 16.5% – Growth to $0.1443 Expected in 2024
Dogecoin (DOGE) also went through a correction period and was initially showcased as a strong bearish move. This resulted in the Dogecoin price experiencing a loss of 16.5% during the past 30 days. Despite this, sentiment is bullish on its future, as its weekly value climbed from $0.075 to $0.089.
At this rate, the Dogecoin crypto could be primed for further gains. Its RSI is heading upward, which is typically an indication of strong buying pressure. Furthermore, the averages show a bullish curve, suggesting the price will experience a significant price action soon. According to the Dogecoin price prediction, it can end 2024 with a value of $0.1443.
Meme Moguls (MGLS) to Be the First Meme-Backed Stock Market and Exchange
Meme Moguls (MGLS) is establishing a platform in which traders can access meme culture and enhance their portfolio with different financial opportunities.
This is an upcoming DeFi project which creates an engaging and dynamic ecosystem in which players can interact, trade meme-based cryptocurrencies, and earn significant returns.
Players can access the Moguls World, a dedicated Metaverse. In this ecosystem, the MGLS token is used as the in-game currency but can also be staked in the pool for additional passive capital gains.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">MOGULS!! 🔥<br><br>Are you ready to change the landscape? 🧑🌾 With one of the biggest airdrops of 2024 👀 Get ready!! <a href="https://twitter.com/search?q=%24MGLS&src=ctag&ref_src=twsrc%5Etfw">$MGLS</a> Farming. Coming soon… <a href="https://t.co/9UPUeV5klt">pic.twitter.com/9UPUeV5klt</a></p>— Meme Moguls (@meme_moguls) <a href="https://twitter.com/meme_moguls/status/1733077444930703567?ref_src=twsrc%5Etfw">December 8, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
During Stage 5, the cryptocurrency is trading at $0.0036. However, early traders gained 90% in ROI, and the presale has nearly raised $2M with a 100x projection in 2024. This makes it one of the hottest blockchain ICO projects.
Summary
As the overall meme coin market interest increases, Shiba Inu and Dogecoin can regain their strength and climb in value. In the meantime, the Meme Moguls presale is also picking up attention and could result in significant growth following its launch and listing on Tier-1 exchanges.
