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The sharp increase in the adoption of memecoins has raised the hope of holders as the crypto market goes into a bull run. Followed by the hype of influential people such as Elon Musk, Dogecoin (DOGE) is expected to stage a bullish revival, while Memecoin (MEME) is expected to follow a similar trajectory. Meanwhile, Meme Moguls (MGLS) aims to shift investors' attention by creating a utility-based token where investors will be greatly rewarded. As the bull market is being anticipated, analysts view Meme Moguls as one of the best DeFi tokens in the market to invest in at the moment.
As the bull market is expected to take charge soon, analysts are predicting a massive memecoin season that will surpass that of 2021. Out of the numerous memecoins, analysts predict Meme Moguls to set the tone, pulling above the weight of seasoned memecoins.
The Ethereum-based memecoin is attracting the attention of investors after it announced a giveaway of $10,000 worth of MGLS tokens for users who complete certain tasks at every stage of the presale. Users can access these perks by completing simple tasks on Zealy. Not only that, early investors of Meme Moguls' token have received up to 90% returns but more growth is projected. This makes now the best time to invest and position yourself for profits. crypto analysts have projected a 100x return for token holders before the end of the year, which could rally the MGLS token price to $0.19.
Furthermore, the platform will teach users the trading strategies of expert traders and then award each user with a virtual cash of $100,000. Investors can only use 20% of this virtual cash on a single project, thereby diversifying their assets to more projects. Using their trading knowledge, users can turn this virtual cash into cashable returns.
After the success of the 4th stage of the presale, the MGLS token, an ERC20 token built on the Ethereum Blockchain, is now at the 5th stage with the token sold for $0.0036. With the memecoin industry set for a massive rise soon, analysts are bullish on Meme Moguls and have picked it as one of the best DeFi tokens in the market. Analysis has gone further to predict a massive ROI for investors before the project is launched. The security is guaranteed as SolidProof has audited the smart contract and the liquidity pool will be locked for five years.
A sensational tweet from a top crypto analyst has reinvigorated investors' attention towards Dogecoin (DOGE). The popular crypto entrepreneur World of Charts opined that Dogecoin buyers are doing everything to make the coin stay afloat amidst the current market dynamics.
He further stated that the Dogecoin buyers are trying to clear a bullish pennant in H8 Tf, which, if successful, could increase the Dogecoin price by 45-50%. If this prediction turns out true, the DOGE token price may go as high as $0.1 in the bull run.
The 2023 Memecoins rally saw the emergence of Memecoin (MEME) with the token quickly rallying to an all-time high of $0.04702 in December. Although the token may have fallen significantly to the bear market, the anticipated bull run is expected to give the Memecoin price a facelift.
Analysts observe two key resistance levels in the Memecoin price chart which may affect the performance of the token. The two resistance levels are $0.0243 and $0.0256. If these levels are broken, it may signify a potential turning point for Memecoin.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
