Altcoin explorer: Meme Moguls, Optimism, Polkadot attract smart investors
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Certain altcoins stand out as beacons of potential and innovation in crypto. Among them are Meme Moguls (MGLS), Optimism (OP), and Polkadot (DOT). They are all drawing the attention of investors. But, one of them has captured more attention – MGLS. This altcoin is now in Stage 3 of its presale, and experts believe the token has more upsides going forward.
Meme Moguls (MGLS): a one-of-a-kind meme coin
Meme Moguls is a meme coin in the decentralized finance (defi) scene.
Established as a play-to-earn (P2E) meme token on the Ethereum blockchain, MGLS stands apart from 99% of other memecoins as it has actual utility.
MGLS is the in-game currency and the governance token for Meme Moguls – a P2E game that will combine investment education and memes.
In this game, you can engage in free and paid trading competitions, earning cash prizes and collecting unique meme assets such as Dogecoin. While the P2E game is key, the Meme Moguls team plans to integrate additional components into its ecosystem:
- Moguls World: A metaverse experience designed to create connectivity among traders, enabling interactions and activities like joining liquidity pools.
- Staking: This feature will allow you to acquire more MGLS tokens by contributing your existing tokens to Meme Mogul’s staking pool.
The MGLS token drives this ecosystem, giving holders governance rights and staking rewards. In stage 3 of the presale, it is available for $0.0025. Millions of tokens have already been sold, helping Meme Moguls raise $893,900.
At spot rates, early buyers are up 31%. Moreover, there is a 30% deposit for buyers.
Optimism price prediction
Optimism has been on a tear this December, rising from $1.69 on Dec. 1 to $3.47 on Dec. 25.
L2Beat data shows that the OP Mainnet has a total value locked (TVL) of $6 billion.
From a technical perspective, this bullish trend may continue.
Presently, 25 technical indicators are in the green. Moreover, its Fear & Greed index rating is 73, which is bullish.
Due to all these reasons, market analysts foresee the Optimism price reaching $3.55 before December 2023 ends.
Polkadot News
Polkadot recently announced its integration with the game engine that powers Pokémon Go – Unity.
This collaboration will help solidify Polkadot’s position in the web3 gaming sector. Following this, DOT rose from $7.97 on Dec. 22 to $9.14 on Dec. 25.
The technical analysis of Polkadot also paints a bullish picture, as it recorded 20/30 (67%) green trading days over the last month alone.
Moreover, this altcoin is now trading above its 50 and 100-day EMAs.
As a result, CoinCodex experts predict Polkadot may trade around the $9.62 mark when January 2024 starts.
Final thoughts
Meme Moguls, Optimism, and Polkadot have captured the attention of savvy investors.
Because of its low market cap of $7.5 million, Meme Moguls has an edge, requiring only a little funding for prices to rise.
Meanwhile, OP and DOT, with market caps of $3.1 billion and $11.5 billion, respectively, face challenges.
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