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Solana (SOL) and Ripple (XRP) are both showcasing bullish on-chart activity that can drive their value further up. With this momentum in mind, however, traders are also looking to diversify. Meme Moguls (MGLS) has also picked up significant attention with its presale. Today, we will go over just how far it can climb and determine the best cryptocurrency to invest in.
Solana (SOL) has seen a massive 500% upswing year-to-date (YTD), indicating a bullish run. Just in the past month, the Solana price moved up by 40%, raising investor confidence in its future.
The current market cap is $41,96,208,127, with an average trading volume of $3,011,974,853. During the previous week, the Solana crypto also moved up in value from $87.74 to $107.22. According to the Solana price prediction, it can rise as high as $168.25 by the end of 2024.
Ripple (XRP) has recently consolidated between $0.5521 and $0.6334. Looking at the overall chart, it's clear that the Ripple price has strong support at the 50-day and 150-day MAs. The $0.56 level is strong and has managed to stop numerous bearish attempts.
This is an indication that there is significant demand for the Ripple crypto. Bullish signals are generated by the recent golden crossover that occurs when the 150-day moving average crosses the 50-day moving average. This suggests a positive long-term outlook for the crypto. According to the Ripple price prediction, it can surge to $0.9449 by the end of 2024.
Meme Moguls (MGLS) is an upcoming platform that will fuse the digital entertainment space with simulated trading. By introducing this unique concept, it will present a Play-to-Earn (P2E) model which is built on top of Ethereum.
Through it, players can engage in an immersive experience and begin accumulating wealth. Unlike other cryptocurrencies, MGLS will offer utility and will be used as the in-game currency. Alongside this, it can be used for governance. At the core of the platform is its innovative game, where players can learn about building wealth.
There are also leaderboards, where players can climb and reach Moguls Status. By doing so they can get the highest possible rewards.
The ecosystem will also feature NFTs. These can represent characters and rare items. By owning these, players are able to enhance their conditions or they can also sell them for additional capital gains. There is also Moguls World, a dedicated Metaverse in the ecosystem.
Here, players can join liquidity pools and mine tokens. To get more of the MGLS crypto, players can stake their tokens. They can do so in the Meme Moguls Staking pool. The amount gained is based on their percentage staked and the annual returns. These aspects make it the best cryptocurrency to invest in.
Aside from Solana and Ripple, Meme Moguls has been making significant progress with its blockchain ICO. So far, it has reached Stage 4. Here, it trades at just $0.0027 per MGLS crypto. At launch, analysts are bullish and project an upswing of 100x.
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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.
