Bitcoin Bottom Confirmed? Meme Moguls Aims for 1000% Increase
Whether it's the creation of a novel project inspired by a well-known meme or a spirited rally, individuals who were once on the outside of the meme crypto space eventually find themselves drawn in.
Regardless of the reasons behind it, meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) still maintain a heightened social dominance and popularity, outshining other altcoins. However, the arrival of Meme Moguls (MGLS) introduces a potential game-changer. Currently, in stage 2 of its presale, MGLS tokens are selling fast.
Bitcoin Bottomed Out - Traders Look Forward to the Halving Event
Bitcoin has been trading above the 40K threshold for more than 10 days now, and analysts are speculating that the legacy cryptocurrency may have found a new floor price. Although, judging from its price history, it may be too early to ascertain a new floor price for Bitcoin at $40K. The reason for this, according to industry experts, is not far-fetched considering that the cryptocurrency's price needs to trade above its 21-week moving average to confirm a bottom.
As per the insights from investment research firm Pantera Capital, there's speculation that Bitcoin (BTC) could witness nearly a quintuple increase in its current price by 2025 following the initiation of its halving cycle in April next year.
Panthera Capital further notes that, historically, Bitcoin price has reached its bottom around 477 days before the halving, started down lower, leading up to its low price, and then subsequently scaled up significantly just after. Moreso, according to Crypto Kaleo, the recent downturn over the couple days in Bitcoin's price is characterized as a robust correction following an extensive parabolic extension.
Meme Moguls Set the Bar at 1000% ROI on Launch
Meme coins have become the most sought-after cryptocurrency to buy in the last two years. After explosive upticks with Shiba Inu (SHIB) and Dogecoin (DOGE), the renewed interest in searching for the next best meme cryptocurrency to buy is still on. Experts have now suggested that Meme Moguls (MGLS) might be one to closely watch for a possible 1000% ROI.
If the project delivers on its promise, it could push the $MGLS token up to the top 10 cryptocurrencies on the market. So what about the project makes it truly exceptional?
Meme Moguls is a gaming platform that combines fun with education about investing and building wealth. Users can enjoy exciting games and competitions, earning tokens and winning rewards. The platform has a farming program for both new and experienced users, encouraging active participation.
According to the Meme Moguls roadmap, they will start developing smart contracts and appointing social ambassadors. Afterward, the team will focus on Meme Mogul game development and introduce the basic DAO model for community development. Following this, MGLS will launch on popular DEXs and get listed on well-known CEXs.
The MGLS token serves as the native currency for transactions and incentives. It's currently available at just $0.0023 in stage 2 of its presale phase, with expectations of a 10X increase in value in Q1 of 2024.
While the bull run continues, there's a lot to expect from the crypto giant Bitcoin in the coming months. Meanwhile, Meme Moguls is working hard to climb the ranks of the billion-dollar marker and take the top spot.
In its latest effort, Meme Moguls is giving away up to $20,000 in $MGLS as a special holiday bonus. To participate in this giveaway event which is set to begin on December 15th, a prospect must be a current holder of MGLS tokens and engage within the community with tweets, retweets and comments using the #MemeMogulsGiveaway hashtag.
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