Donald Trump Selling Ethereum (ETH) Amidst Price Surge, PancakeSwap (CAKE) Proposes Supply Slashing, Meme Moguls (MGLS) Reveals Tier System
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January 01, 2024 10:00 AM Central Standard Time
Recently, there have been some exciting developments in the DeFi market, as Donald Trump reportedly sold some of his Ethereum (ETH) holdings while it surged. Meanwhile, PancakeSwap (CAKE) has revealed a proposal that could change its tokenomics to the core. And finally, Meme Moguls (MGLS) - the Stage Three presale star, has unveiled its new tier system. Let’s see why so many experts believe MGLS is the next 100x altcoin in 2024.
Ethereum News
The on-chain analytics platform Arkham recently revealed that indications suggest Donald Trump might have been selling his Ethereum (ETH) holdings. They said Trump transferred 1,075 ETH, valued at $2.4M, to Coinbase.
This is a strange move as the Ethereum crypto has recently experienced growth from $2,261 on December 21 to $2,372 on December 28. Additionally, over 26 technical indicators are showing green for this altcoin.
Due to all these reasons, market analysts project that Ethereum could trade at the $2,628 level in January 2024.
PancakeSwap (CAKE): New Proposal
PancakeSwap (CAKE) has announced a new proposal to slash its supply from 750M to 450M. With this development, the PancakeSwap exchange signals the transition from a high-inflation emissions model to the Ultrasound CAKE era.
After this PancakeSwap news, its value jumped from $3.50 to $3.87 in just a few hours on December 28. This bullish trend may continue as PancakeSwap is now trading above its 50 and 100-day EMAs - good bullish signs.
Experts in the crypto field foresee its value reaching $4.24 in January 2024. This makes CAKE one of the altcoins to watch.
Meme Moguls (MGLS): Tier System Makes It One of the Top Altcoins
Meme Moguls (MGLS) has been making headlines recently, raising over $1M during Stage Three of its presale. To thank its community, Meme Moguls revealed its tier system. This tier system ranges from $500-1000 holdings (Bronze VIP) to $50,000+ holdings (Meme Whale). Each tier will have perks like monthly bonuses and the ability to speak to a team member.
At its core, Meme Moguls will introduce utility to the meme coin sector. It aims to accomplish this by creating a unique play-to-earn (P2E) game where its native token, MGLS, is used as governance and in-game currency. Holding this token is also crucial as it will allow you to make decisions about the future of Meme Moguls and staking rewards.
In the Meme Moguls game, you will learn all there is to know about investments and wealth-building. It also brings various features, including simulated investing and head-to-head battles. An in-game Marketplace will also be available, allowing you to buy, sell, or trade the items you collect.
Global investors are flocking to this crypto ICO event as one MGLS token costs only $0.0025 - a 31% ROI for those who bought it early. Given that Statista predicts the meme industry will be valued at $6.1B by 2025 - this DeFi project’s long-term growth potential is stellar. Experts predict it may surge to $0.19 in 2024, a 100x ROI if you buy it now. If interested, now is the perfect time to purchase it, as you will also obtain a 15% deposit bonus.
Conclusion
Although all three of these altcoins are worth monitoring, one stands out - Meme Moguls. Thanks to its low market cap of $7.5M, MGLS will experience a faster price growth than Ethereum and PancakeSwap as they have market caps of $287B and $1B. In other words, they need a large influx of new funds for their prices to see noticeable growth. Thus, MGLS is one of the best cryptos to invest in.
Meme Moguls and all cryptocurrencies are subject to significant price fluctuations and volatility. Investing in or holding Meme Moguls tokens carries substantial risks, including the potential for total loss. Past performance should not be considered indicative of future results.
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