The crypto market is experiencing a new bull run, with BONK and other meme coins like Snek, Chihuaha, and Meme Moguls continuing their ascents.
Noteworthy is also Meme Moguls, which is currently in the presale phase and manages to advance with quick temps.
Meme Moguls (MGLS): Bridging Memes and Markets
Meme Moguls is an upcoming P2E game that offers a meme-backed stock market/exchange. This innovative concept marries the popular appeal of internet memes with the financial opportunities of trading, and the interest is increasing.
The meme-based game will allow users to buy, sell, and trade memes like stocks. The goal is to become a meme mogul by investing in memes that you think will increase in popularity and value, just like a traditional stock market.
Users will be able to engage in tournaments, battle it out in head-to-head competitions, and even attempt to outperform the S&P 500. Rewards are paid to all players, with the top performers earning a larger portion of the pot and âMogulâ status for additional passive income opportunities.
Central to the Meme Moguls ecosystem is the MGLS token, which facilitates transactions and offers various benefits within the platform. For example, holders can stake MGLS tokens to receive passive income from the liquidity pool and governance rights.
MGLS tokens can be bought for $0.0021 during the ongoing presale event. The presale is structured in a way where each subsequent phase has a higher price.
The platformâs combination of fun, education, and financial rewards has gathered quite the attention so far.
What is BONK crypto?
BONK is the largest memecoin built on the Solana blockchain. Its purpose is to increase liquidity within the Solana ecosystem and bring more exposure to the promising blockchain network.
Interestingly, 50% of the BONK supply was airdropped to loyal Solana community members in December 2022. This highlights how the project aims to bring value to the community and be in the hands of those who support and believe in the Solana ecosystem.
Projects building on Solana are already starting to integrate BONK payment options, further increasing its utility. Additionally, BONK holders can earn passive income by staking their tokens in one of the liquidity pools and farming rewards.
BONK Crypto Price Outlook
BONK has climbed from $0.000000238 at the start of November to a current price of $0.000012855 at the time of writing. Gains of over 5,000% in such a short amount of time are not to be taken lightly.
Analysts note that the bull run is just starting, and BONK could be in the initial stages of a parabolic advance that results in BONK growing even more. One of the factors contributing to this prediction is Dogecoinâs market cap of $14 billion, roughly 20x that of BONKâs $741 million market cap.
Analysts also appreciate that 50% of the supply is in the hands of Solana developers, artists, and supporters. Such a strong foundation and community backing should result in little to no sell pressure and a stable price floor.
