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Crypto analysts have given a strong buy signal for Meme Moguls, a new meme token with enormous growth potential. Therefore, the demand for its presale tokens has skyrocketed and its value has soared by 90% during the initial stages. Moreover, the holders of EOS and GALA are also looking to shed their existing holdings to add the new meme coin to their portfolios.
EOS Shows Good Potential For Long-term Investments
After witnessing a strong breakout in the previous quarter, EOS is likely to show a solid rebound. Technical indicators suggest that EOS could go as high as 70% in the coming weeks. According to experts, this probable bullish trend is beneficial for long-term EOS investors.
However, investors are worried about the dropping development activity on the EOS network. Subsequently, the price of EOS has also suffered a drop of 3% on the monthly chart. At present, EOS is available to trade at $0.7155. Meanwhile, the data from Santiment shows that the development activity on EOS has dropped by around 50% in the past month.
Meme Moguls Presale Continuously Hits Upper Circuit
Around 70% of crypto investors across the globe think that most meme coins are scams. Their argument behind this is that meme coins exploit only market sentiments, and do not offer any tangible utility. Addressing this apprehension, a new meme project, Meme Moguls, has entered the arena.
It is a meme token that offers multiple usabilities through its stock trading-inspired gaming ecosystem. Meme Moguls will launch several virtual stock market trading games. Interestingly, it will give $100,000 in virtual cash to each user to build an investment portfolio. Users will be allowed to invest cash in Meme Moguls’ games and earn real money and awards. They can also go head-to-head in investment battles against other players to earn money.
Even community members can collectively set up simulated investing tournaments with big prize pools. This will offer more fun and better income generation. Players will get to join paid and free trading tournaments to earn cash prizes and win meme collectables (PEPE, DOGE, etc.).
Are you ready to change the landscape? 🧑🌾 With one of the biggest airdrops of 2024 👀 Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt
— Meme Moguls (@meme_moguls) December 8, 2023
Additionally, in the platform’s marketplace, if you buy or sell rare NFT characters, your trading capabilities and conditions will improve. The rarer the NFTs, the more favorable the conditions such as spreads and leverage.
Meme Moguls’ ecosystem has introduced MGLS as its native crypto. The fifth phase of the platform’s presale is already underway. At press time, a token is available to lock at $0.0036. Moreover, analysts expect that the market value of the platform can soar by 10,000% in the first year. Hence, the demand for its presale tokens is extremely high.
GALA Partners With VGX For A New Game Title
The GALA community has become quite active since the new development in its ecosystem. Recently, GALA and VGX Foundation joined hands to introduce new game titles. The game developers will be able to test and deploy chaincodes on GALA’s recently-released chain, GalaChain SDK.
Analysts believe that this development can attract new users to the GALA network. It is important considering that the active addresses count on GALA has declined by around 60% in the past two weeks. It has also hurt the price movement of GALA, which is down by 18% in the last 30 days. Consequently, the current trading price of GALA stands at $0.02205.
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