Analyst bullish on Shiba Inu, traders considering Meme Moguls for diversification
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Shiba Inu (SHIB) looks poised for a potential breakout based on its on-chart data, and it has captured the attention of traders and analysts in the process. First, however, it must pass a few key levels to engage the next bullish rally. In the meantime, the Meme Moguls (MGLS) presale is ongoing, and momentum is building.
Shiba Inu bullish
Shiba Inu recently pulled back but may rally, according to crypto analyst CryptoBullet.
In his preview, SHIB prices might break above the 50-week exponential moving average in the coming sessions.
Once SHIB clears immediate resistance levels, it might rally between $0.0000177 and 0.0000210.
Presently, the token is moving between $0.00000926 and $0.00001049, boasting a market cap of over $5.5 billion.
Meme Moguls plans
Meme Moguls plans to release an exchange for meme coins.
In it, players can access an entire play-to-earn (P2E) ecosystem and even improve their trading strategies.
Each player starts with $100,000 in virtual currency and can begin trading meme-inspired assets while learning.
These aspects aim to supply traders with opportunities, and its native token, MGLS, has vast utility.
Through it, they can access the Fantasy Trading platform and earn tokens.
A dedicated Farming program will also allow them to engage with staking pools. At the end of each presale period, the project will distribute $10,000 to an active user on X.
Community members and friends can even set up tournaments and compete in a simulated investing game where they can win tournaments.
In the ongoing presale, MGLS is available for $0.0023. Analysts expect more gains going forward.
Summary
While Shiba Inu needs to break several barriers before rallying, Meme Moguls remains active. MGLS is used as the in-game currency and the governance token across the entire Meme Moguls ecosystem; as users learn to invest and build wealth, they can expand their horizons and even turn their profits into real cashable returns.
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