Dogecoin (DOGE) burst into the crypto scene with a swift and remarkable surge, setting a benchmark for rapid price movements. However, this meme coin displays signs of further upside potential, surging by 17% in the past month.
This recent bullish momentum coincides with the launch of the Meme Moguls (MGLS) presale, which has already broken records quickly. This article will explore the trajectories of these two meme-inspired cryptocurrencies and their potential futures.
The Resistance Barrier Confronting Dogecoin (DOGE)
There have not been a lot of tokens that could match the growth of Dogecoin (DOGE). Launched in December 2013 as a parody of Bitcoin, DOGE saw a million website visitors in just one month.
In terms of the Dogecoin price performance, it reached a peak of $0.74 in 2021. However, Dogecoin has now shed 88% of its gains as it trades at $0.08194. The immediate resistance barrier that Dogecoin must cross is $0.083556. If this resistance level falls, many experts forecast a growth to $0.0901 in their Dogecoin price predictions.
Amid major Dogecoin news like it receiving regulatory green lights for sending a physical DOGE token to the moon, this barrier may be crossed. In addition, IntoTheBlock has recently reported that more than 5M Dogecoin addresses have a balance now.
These ongoing fundamental advancements, combined with the sustained enthusiasm around meme-driven tokens, are poised to propel Dogecoin’s price past the resistance level at $0.083556, potentially initiating a new bullish phase.
Meme Moguls (MGLS) Emerges as a Presale Phenomenon
Meme Moguls (MGLS) is revolutionizing the cryptocurrency landscape by introducing the first-ever meme-driven stock market on the blockchain. This innovative platform allows users to trade their favorite memes while also earning rewards in the form of MGLS tokens.
The recent Meme Moguls presale launch has caused quite a stir in the crypto community. It has advanced to stage one at a record-breaking speed. In fact, it completed its Beta stage in just one week. During that time, Meme Moguls raised 250,000 USDT while the MGLS token value increased 10% to its current price of $0.0021.
Meme Moguls goes beyond merely offering a trading platform; it aims to establish an ecosystem for meme enthusiasts. The platform envisions multiple components, such as Moguls Casino – a gaming hub allowing users to participate in various casino activities using meme-based assets, and Meme Moguls Fantasy Trader. In this space, traders can test their skills against others in the community.
Meme Moguls ( $MGLS ) Official Links 🐕🐸🐻
ALWAYS. VERIFY. pic.twitter.com/5ui7MPkI5Y
— Meme Moguls (@meme_moguls) November 20, 2023
This groundbreaking project is underpinned by the MGLS token, serving as the cornerstone of the entire Meme Moguls ecosystem. Holding MGLS tokens allows for active participation and avenues for passive income, as users receive staking rewards and governance rights.
The MGLS token currently has a market cap of $6.3M, drastically lower than Dogecoin’s $11B. Because of this, its value will surge much faster as fewer new funds are needed for growth. Analysts have taken note of this factor when predicting a potential 100x pump for MGLS before its presale ends.
With Statista reporting a potential $6.1B value for the meme industry by 2025, Meme Moguls is establishing itself as a dominant force in this sector. Those purchasing it now will capitalize on its projected growth while earning a 30% bonus on each deposit.
To learn more about this groundbreaking platform and how you can participate, visit the Meme Moguls website.