Could Meme Moguls (MGLS) 100x Price Prediction Surpass the Market Caps of Shiba Inu (SHIB) and Polkadot (DOT)?

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February 6, 2024
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3 min read

Meme Moguls is making headlines worldwide after its strong presale performance. But how high can the hot new altcoin go? With analysts predicting 100x growth in 2024, some believe it could challenge the market caps of popular projects like Shiba Inu and Polkadot, both of which performed below the market average in 2023. 

When Will Shiba Inu’s Bear Run End?

Shiba Inu’s price has dropped by 14.5% over the last month. Despite hitting several milestones, including over 300 million transactions on Shibarium, Shiba Inu’s price has continued to decrease. In the last 24 hours alone, Shiba Inu’s price has fallen by 3.33%, and SHIB is now trading at $0.000009025.

Another concerning statistic is Shiba Inu’s trading volume. Due to its continuous price declines, Shiba Inu’s daily trading volume has fallen below $100 million. Shiba Inu is now ranked number 61 in the trading volume ranking according to CoinMarketCap, which suggests that interest in the memecoin may be on the decline. 

Given that Shiba Inu’s competition has become more intense than ever, developers need to quickly implement changes to maintain Shiba Inu's reputation. Failing to do so could cause Shiba Inu to lose more of its audience to projects like Polkadot and Meme Moguls,

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Polkadot Drops 20% In January

Polkadot was one of the worst-performing altcoins in January. In 30 days its value decreased by 20.46%, causing DOT to drop to $6.77. This poor performance has caused Polkadot’s daily trading volume to plummet to $200 million, suggesting that investors are now buying alternative altcoins.  

As investors try to reverse this bearish momentum, analysts debate whether or not Polkadot will face further declines. Bullish predictions suggest that Polkadot could recover to $7 in February, while bearish analysts are concerned that the project could drop further to $6.5. 

How High Will Meme Moguls Market Cap Go?

During the first four stages of its presale, the Meme Moguls token increased in value by 90%. Now in stage five, experts predict that $MGLS could increase 100x from its initial presale value. Such returns would put Meme Moguls into the top 100 ranked cryptocurrencies, giving it the potential to challenge projects like Polkadot and Shiba Inu. 

Meme Moguls is dominating the presale space due to its unique new concept. It introduces an innovative virtual stock market, which combines memes and investing. To begin, investors will be given $100k in virtual currency to build a portfolio. Their performance will be ranked on a leaderboard, and the top 20 best-performing players will be granted the status of “Moguls.”

<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&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MGLS</a> Farming. Coming soon… <a href="https://t.co/9UPUeV5klt">pic.twitter.com/9UPUeV5klt</a></p>&mdash; 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>

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Moguls will earn a share of a monthly prize pool, in addition to several other rewards. But rewards won’t just be for the top performers. Instead, other income opportunities will be available throughout the Meme Moguls ecosystem. These include paid tournaments and winner-takes-all events. Furthermore, investors will also be able to stake their $MGLS tokens to generate a passive income. 

Investors can buy Meme Moguls’ tokens ($MGLS) through the project's website. Tokens are available for $0.0036, and early investors will be able to win gifts as part of a $150,000 giveaway. Gifts are given out weekly and have become a popular feature within the Meme Moguls presale. 

For more information about the Meme Moguls (MGLS) Presale: 

Visit Meme Moguls | Join the Community

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This Brand Press article was not written by Techpoint Africa’s editorial team. 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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