Cryptocurrencies like Binance Coin (BNB) and Solana (SOL) have seen significant price fluctuations recently amid regulatory issues and network outages. However, a new meme-based crypto gaming project, Meme Moguls (MGLS), is gaining enthusiasm and attracting investors looking for high returns. MGLS is currently on presale with its token price up 80% as speculation builds around the play-to-earn game that aims to connect, entertain, and educate traders.
BNB coin always rises again
BNB’s Binance - once crypto’s favorite exchange - has been suffering attacks from US regulatory bodies since last year. They were hit with large fines and crypto legend CEO “CZ” aka “Changpeng Zhao” was obliged to step down. At this point, BNB dropped to its lowest levels in quite some time, around the $210 mark. Savvy investors who weren’t afraid of the Binance FUD bought into the coin at this time and are now in significant profit as BNB is currently trading at $322.
Although Binance users in the UK, US, and Eurozone are finding it hard to cash out to fiat since the regulatory woes continue, the exchange remains healthy as does their blockchain, the Binance Smart Chain, in which BNB is the gas token.
As the crypto market continues to grow, trading on Binance seems set to continue, which means continued use of BNB to pay for the fees, and we may expect the price to stay steady or continue rising, if Bitcoin continues its ascent.
Solana’s price swings wildly amongst a new outage
Solana is another great example of what can happen if people who have faith buy in after the FUD. Thanks to their involvement with FTX, and the large amount of SOL that was held, most people felt very bearish with the chain’s coin dropping to the $10 mark on December 22, and continuing to stay depressed for most of 2023.
However after all the SOL held in the FTX estate was sold, Solana established itself as one of the most important chains for NFTs, memes, UX, and more, and the price is now close to its ATH, at $108 at the time of writing.
Nevertheless, one of Solana’s issues has been its tendency to have outages, which some people find unacceptable on a blockchain that is now a few years old. Solana went down for five hours earlier this week.
Price-wise, it’s been a turbulent month for Solana as on January 23 the price dropped to $79. The outage doesn’t seem to have affected Solana fans as the Solana price is once again on the up.
Meme Moguls attracts investors who are bullish on gamifying trading, learning, and earning
As giants like BNB and Solana increase in price, investors looking for big returns have been impressed by Meme Moguls - a new play-to-earn project still in development. As the coin is still in presale, we aren’t able to look at blockchain data yet, but rumor has it that some big whales who have been taking profit from BNB and SOL have invested in MGLS.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
What we do know is that the price of MGLS is up by approx 80% since the beginning of the presale, and crypto analysts are predicting a 10-30x from here.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">MOGULS!! 🔥<br><br>Are you ready to change the landscape? 🧑🌾 With one of the biggest airdrops of 2024 👀 Get ready!! <a href="https://twitter.com/search?q=%24MGLS&src=ctag&ref_src=twsrc%5Etfw">$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>
As Solana and Binance show, community support is everything, and that may be where Meme Moguls really shines. Meme Moguls is a simulated crypto trading game that aims to connect traders in a fun way. The experienced can win prizes by beating the competition, while the newer traders can learn from them.
Collecting meme-based NFTs is a part of leveling up your character, which then gives bonuses. Groups of friends will also be able to initiate their own tournaments. Those who assist the community, whether that is by answering questions or correctly predicting the next big meme coin, will receive MGLS as rewards, further strengthening the lively group dynamic.
MGLS is currently on sale at $0.0036, approaching the last stage of its presale, as previous stages have quickly sold out.
