Dogecoin has come a long way, riding the wave of the internet meme saga and pushing its way to the top ten best crypto to invest in. However, recently, Dogecoin is faced with a minor price decline that might possibly take a while. Meanwhile, Meme Moguls is ready to boom with a fascinating ecosystem that may end up overtaking Dogecoin. Let’s analyze this possibility.
Through the past week, Dogecoin price saw a commendable increase of over 14.78%. But, this upsurge was followed by a recent 8% decline in the past 24 hours, leaving Dogecoin value at $0.0944.
A popular crypto commentator, Crypto Tony praised Dogecoin recently, as it climbed up to $0.10 on its 10th birthday on December 6. However it seems like he commented too soon as the coin is drastically below its support level again.
While Dogecoin still shows promise, it’s important to note it just recently lost over 45% of its trading volume and 8% of its market capitalization. Although it might be good to buy the coin now as Dogecoin price is predicted to experience a significant rise.
Additionally, Dogecoin value, despite being unstable, still remains solid as it is still the most valued meme coin on the market, followed by Shiba Inu. The current price retracement is only a temporary change which doesn’t indicate a shift in the larger trend. Hence, investors can be rest assured as it is still among the best crypto to invest in. Some analysts even predict Dogecoin to hit $0.1 if the bulls eventually overpowers the bears.
Amidst Dogecoin price retracement lies a possibility of further decline depending on the upcoming market sentiment. If this happens, Meme Moguls may take its spot as the best meme coin on the market as well as the best new crypto to invest in.
However, even if the price retracement eventually resolves, Meme Moguls still have a solid chance of contending with Dogecoin. We’ll tell you why.
Planning to launch as the first ever play-to-earn meme coin, Meme Moguls presents a unique utility meme token, MGLS, that can serve many diverse purposes. To start with, the meme coin lets you gain shared governance over the Meme Moguls ecosystem.
In addition to being an in-game currency in Meme Moguls gameplay metaverse, users and holders of the MGLS token will be able to earn more the tokens when they stake in Moguls liquidity pool. These tokens can even be used to buy game items and mine for new tokens as well as NFTs that can be sold on Opensea.
Meme Mogul is topping investors’ and meme coin enthusiasts' choice as the best new crypto to invest in as it has already sold out its beta stage in a record breaking time. Analysts are already predicting a 1000% growth of the MGLS token by the end of its ongoing presale, you can join in now for only $0.0021.
With the aim to become the next 100x token, Meme Moguls is also going to be giving users an opportunity to engage in simulated trading where they partake in trading games and challenges.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up
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