Table of Contents
- Solana (SOL) Increased by Over 1,000% This Year – To Surge Above $190
- Ripple (XRP) Remains Bullish and Is Supported by the 200-Day EMA
- Meme Moguls (MGLS) to Introduce a P2E Ecosystem With Earning Opportunities
- For more information about the Meme Moguls (MGLS) Presale:
Solana (SOL) is making headlines due to reaching significant milestones with its market cap. It recently claimed the fifth place, following its surge of 1,051% in the past year. Ripple (XRP) also saw progress in an upward direction and could soon see a major upswing based on the latest projections. Meme Moguls (MGLS) also captured trader appeal as it is halfway through Stage 4 of its blockchain ICO. We will go over all three to see just how far they can rise.
Solana’s (SOL) trading data indicates a total price increase of 1,051% year-to-date (YTD). In the past 30 days alone, it's up 78%, and during the past week, Solana moved up from $92.17 to $123.68. The catalyst for this growth was the rapid increase in the transaction fees of Ethereum, a competing blockchain.
This drove customers towards the less expensive Solana network, increasing its transaction volume and marketplace value. According to the on-chart data, the Solana price prediction puts it at $190.70 by the end of 2024.
The Ripple (XRP) crypto has remained bullish for the short and long term. Buyers are active near the demand zone and might show a decent bounce in the upcoming Ripple altcoin trading sessions. The XRP crypto initially faced rejection from the $0.7 level, yet it has since retraced back to the 50-day EMA.
The presence of sellers is also visible, as they are trying to pull the Ripple price down below this EMA. The 200-day EMA is now supporting the bulls, so it will be difficult for the sellers to take control of the demand zone. According to the Ripple price prediction, it can reach $1.11 by the end of 2024.
Meme Moguls (MGLS) has also seen bullish momentum as it will introduce an innovative approach of simulated trading coupled with Play-to-Earn (P2E) elements.
Throughout the platform, users will be able to practice their trading strategies. As a result of this, they can gain more confidence and get higher ROI potential. The ecosystem is powered through the Moguls Governance Token (MGLS), which will play a major role in its operation.
Players can also compete with others, climb the leaderboards, and unlock Moguls' status for the highest reward. The ecosystem will even feature NFTs that can enhance trading capability and improve trading conditions.
Aside from Solana and Ripple, Meme Moguls has stood out with its blockchain ICO. During its crypto ICO, the project has reached Stage 4, where MGLS is offered at $0.0027.
So far, the project has raised $1.4 million and has emerged as one of the most exciting new altcoins to get into. At launch, analysts project an upswing of 100x.
For more information about the Meme Moguls (MGLS) Presale:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.