This Cryptocurrency Could Be The Next Crypto to Hit $1 This Year
Release: 2023/11/20 19:15 Reading: 765
The post This Cryptocurrency Could Be The Next Crypto to Hit $1 This Year appeared first on Coinpedia Fintech News
Bitcoin has seen a 127% increase this year, while Doge and Shiba Inu have both experienced a 30% rise this month. It appears that the prolonged period of low cryptocurrency value has come to an end, just before the BTC halving in 2024. Pepe has made a significant impact in the memecoin market this year, achieving gains of over 2000%, even during a bear market. With the current bullish trend, where should you focus your attention for the next potential standout cryptocurrency?
Shiba Inu, Pepe or Doge? Nope.
All of these projects have performed strongly and are expected to experience further growth. However, it is unlikely that they will reach a value of $1. This is due to their status as large-cap coins, which would require a significant influx of funds in order to reach such high levels.
The solution, however, can be found in a recently launched coin and project called Meme Moguls, which has just commenced its presale phase.
What is Meme Moguls?
Meme Moguls is a fun project that aims to make 100 millionaires within three months of launching. And unlike say DOGE or PEPE, there’s more than one way that this can happen.
But first, let’s explore this upcoming platform. If you’ve ever bought a memecoin from a decentralized exchange, the chances are you know about PancakeSwap. (And if you’ve only ever used Robinhood or Binance to buy your memecoins then that’s a good start, but you need to get yourself on web3 to be early).
Meme Moguls aspires to become the PancakeSwap equivalent for Memecoins. It envisions itself as a platform where users can engage in gaming, meme NFT and memecoin trading, as well as connect with fellow traders. Just like Fantasy Football, imagine participating with your beloved memes while being part of a community where you can trade and gain knowledge from others.
So how can you make gains with Meme Moguls?
The great thing is that there are multiple ways to make a profit from Meme Moguls.
- Buy the $MGLS token, which powers the platform, and watch it moon,
- Enter the giveaways of $10,000, which will happen as each presale stage concludes,
- Become a legendary meme trader and earn special NFTs that you can sell on Opensea,
- Stake $MGLS to earn passive income,
- Go full defi degen and provide liquidity to earn $MGLS each time someone does a swap,
- Learn from your new friends about strategies and be the first to find the next PEPE,
- Be an active Meme Mogul community member and earn MGLS for participating.
That is quite a large amount! However, let's divert our attention to the MGLS token for the time being.
The token is in the very first stage, and experts are predicting a 1000x from now until the end of the presale. It will then go live on the open market where it could easily skyrocket just like Pepe did.
Imagine getting in on PEPE before it was even listed on an exchange! According to Decrypt.co, one trader made paper gains of $1 million from just $250 worth of PEPE. Unfortunately for him, he wasn’t able to sell at this rate, due to low liquidity.
With Meme Moguls though, providing liquidity will come with juicy incentives (see point 5!), meaning that this won’t be an issue.
Final thoughts
Investing in Shiba Inu or Doge can potentially result in profitable returns during a bullish market. Additionally, the price of Meme Moguls is anticipated to increase during the presale, regardless of market conditions. The platform’s entertaining, diverse, and competitive features will offer numerous opportunities for earning profits. Consider exploring these options to validate this perspective.
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