Cardano set for gains alongside XRP and Meme Moguls
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Cardano (ADA) and XRP are making headlines with predicted price surges in 2024, but can they compete with the Meme Moguls (MGLS) presale performance? Early indicators suggest Meme Moguls could rally once it hits the mainstream market. Let’s look at each of these cryptocurrencies in more detail.
Cardano’s strategic advancements fuel bullish sentiments
Cardano, a layer-1 blockchain protocol, has recently seen positive developments, such as successfully implementing the Voltaire update for network governance and a promising Leviathan scaling solution by Optim.
Other tech upgrades include Atala Prism for decentralized identity, Midnight for interoperability, and Iagon for decentralized storage.Â
These developments have sparked speculation about a potential surge in ADA prices. However, resistance levels are at $0.65 and $0.80, with visible support from $0.40 to $0.45.
Meme Moguls offers a P2E game
Meme Moguls combines meme culture with financial trading to create an entertaining and educational platform.
Players can trade their way to the top of the Wealth Leaderboard, starting with $100k in virtual cash, and earn rewards like MGLS and NFTs.
The game offers solo play and multiplayer tournaments, with the MGLS token driving transactions and providing exclusive privileges to holders.Â
MGLS lies at the core of the Meme Moguls ecosystem, driving transactions and enabling meme-based trading activities.
Holders enjoy exclusive privileges, such as voting on community decisions and earning staking rewards for contributing liquidity.
MGLS is available for $0.0027 in the ongoing presale with a fully diluted market cap of $8.1 million.
However, analysts predict Meme Moguls could attract more users, and MGLS prices could surge on launch.
XRP to $1 in 2024?
XRP is a digital currency that offers fast and low-cost international payments.
Ripple solutions, some of which leverage XRP, have been adopted by major financial institutions worldwide but have faced legal challenges from the U.S. Securities and Exchange Commission (SEC).Â
Now, Ripple is partnering with a payments provider in Africa to facilitate cross-border payments and aims to become a platform for tokenizing traditional assets.
XRP is trading at around $0.55 but faces strong resistance at $0.90. A breakout might propel XRP to its all-time high of around $3.84.
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