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Recent events seem to have supported decentralized finance (defi) projects. Solana is up to the top 4. Shiba Inu’s (SHIB) Shibarium hit a notable transaction milestone as the ongoing Meme Moguls (MGLS) presale garners attention. While SOL and SHIB are well-established, MGLS is currently in stage 3 of its presale.
Solana price action
Solana is now a top 4 coin by market capitalization, surpassing BNB with a market cap of $48 billion, according to CoinMarketCap data.
The Solana price has surged from $69 on Dec. 18 to $112 on Dec. 25, driven by its dog-themed memecoin Bonk (BONK).
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This bullish trend may continue, supported by Solana’s 27 technical indicators now in the green.
Experts are optimistic, saying SOL could hit $123.76 in January 2024.
Shiba Inu news
Recently, Shibairum processed over 180 million transactions, indicating strong community engagement.
SHIB prices rose from $0.00001002 on Dec. 18 to $0.00001081 on Dec. 25, translating to a market cap of $6.3 billion.
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More than 28 technical indicators are bullish on Shiba Inu. The token is now trading above its 50 and 100-day EMAs, which is bullish for the meme coin.
As it is, analysts say the coin could break above $0.00001156 before the end of December 2023.
Meme Moguls’ performance
Meme Moguls is in stage 3 of its presale, raising over $893,900.
The project aims to reshape the memecoin sector using its utility token, MGLS, which serves as an in-game currency and for governance.
MGLS powers the Meme Moguls ecosystem, featuring a play-to-earn (P2E) game that educates users about investments.
MOGULS!! 🔥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
With $100,000 in virtual funds, players can complete challenges or engage in head-to-head matches to turn virtual profits into tangible returns.
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MGLS holders can earn staking rewards and have voting rights to shape Meme Moguls’ future.
In the ongoing MGLS presale, the token is trading for $0.0025, up 31% from the listing price.
There is a 30% deposit bonus for those who buy MGLS.
Experts predict MGLS will reach $0.19 in 2024.
This optimism is because the project aims to tap into the flourishing meme industry, projected to be worth $6.1 billion by 2025.
Conclusion
Recent achievements by Solana, Shiba Inu, and Meme Moguls highlight diverse growth potential in defi.
Among them, Meme Moguls is being monitored.
With a low market cap of $7.5 million—significantly less than SOL and SHIB—MGLS only needs $7.5 million for its price and returns to double.
Learn more about the MGLS here:
Visit Meme Moguls | Join the Community
Read more: Dogecoin vs Shiba Inu, crypto whales opting for Meme Moguls
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