Meme Moguls and Pepe Are Set To Kick Off Meme Season; How High Can They Go?
Release: 2023/12/14 16:44 Reading: 590
The post Meme Moguls and Pepe Are Set To Kick Off Meme Season; How High Can They Go? appeared first on Coinpedia Fintech News
The cryptocurrency bull run appears to be back in full swing, with the total market cap surpassing $1.64 trillion in value. As mainstream adoption continues to pick up, so does the interest in meme coins like Meme Moguls and Pepe. The latter already surged by 100x during Q1, and the former shows strong potential for a similar price rally during the ongoing presale event. Let’s look at what sets these two meme coins apart and their potential for growth in the coming months.
Meme Moguls (MGLS): Revolutionizing the Play-to-Earn Space
Meme Moguls is set to revolutionize the P2E space by combining financial education with the engaging world of memes, offering a unique platform for users to learn, earn, and enjoy. At its core, Meme Moguls is a virtual trading platform that comes with its native cryptocurrency – MGLS.
Meme Moguls encourages community engagement and competition. Players can set up or join various tournaments, including the “Beat the Market” mode, where they attempt to outperform indices like the S&P 500.
Head-to-head contests offer more direct competition, allowing users to win tokens and rewards in a winner-takes-all format. Players can also climb in-play rankings, aspiring to become a “mogul” themselves, which opens opportunities to monetize trading expertise for passive income.
MOGULS!!
— Meme Moguls (@meme_moguls) December 8, 2023
Are you ready to change the landscape?With one of the biggest airdrops of 2024
An in-game marketplace adds another layer to the Meme Moguls experience. Here, players can buy, sell, and swap game items, including rare NFT characters that improve trading conditions, such as leverage and spreads. The rarer the NFT, the more significant its impact on trading strategies.
The Meme Moguls ecosystem extends into “Moguls World,” a metaverse where players can mine tokens, join liquidity pools, and stake MGLS tokens. Staking rewards are based on the player’s share in the pool, so the more MGLS staked, the higher the rewards.
The platform has a well-structured tokenomics, with 60% of the MGLS tokens allocated for presale, ensuring a wide distribution among early adopters. The first presale phase sees these tokens sold for just $0.0021 as an early bird offer, with a gradual increase in price for subsequent phases.
Getting in at this stage could prove highly profitable as analysts are predicting 100x returns in the first year. Plus, the Meme Moguls team is running a $10,000 giveaway for active community members — yet another way to earn rewards and benefits within the ecosystem.
Pepe (PEPE) Coin Price Prediction for 2024
It is almost impossible to go online and not see the funny frog meme known as Pepe. It has taken over the internet by storm, and now it is looking to take over the crypto market as well.
Pepe coin launched in Q1 of 2023 as a joke, but it quickly amassed a market cap of over $2 billion as it gained popularity among meme lovers and crypto traders alike. Those who bought Pepe early became millionaires in weeks as the price rose to $0.000004354 in May. However, the price of Pepe has since fallen by 68% to the current price of $0.000001375.
Analysts are now suggesting that a fresh meme season is on the way, with Pepe as one of the top contenders to kick it off. While most memecoins come and go, the Pepe coin is tied in with its namesake meme, which has remained popular since its inception in 2005. This gives Pepe a solid foundation to build upon and become a lasting player in the market.
It’s also worth noting that the Pepe founders only hold roughly $3.50 million worth of coins, meaning there isn’t an impending market dump that could negatively affect the price. This is a common concern with other memecoins, where founders hold large amounts of tokens and can potentially manipulate the market for their gain.
So, what can we expect from Pepe coin in 2024? Many analysts are predicting a market cap of beyond $20 billion during the height of a bull market. This would represent a 3,477% gain from the current price of $0.000001375 to 0.00004774 at the top. However, this is all speculation and depends on the crypto market’s overall health and the Pepe meme’s continued popularity.
A look at the short-term price movement of Pepe shows that the $0.00000150 mark is the next resistance level to break. If Pepe manages to break through this resistance, it could surge to $0.00000200 within weeks.
For more information about the Meme Moguls (MGLS) presale:
- Website: https://mememoguls.com/
- Buy presale: https://app.mememoguls.com/sign-up
- Twitter: https://twitter.com/meme_moguls
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