Cardano targeting all-time highs, Shiba Inu burns billions of SHIB, Meme Moguls sets new bar for meme coins
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Cardano is one of the largest cryptocurrencies and is anticipated to reach $1 before mid-2024. Experts also predict that Cardano can potentially hit an ATH this year. In other news, Shiba Inu has reportedly burned billions of tokens, yet the price of SHIB remains steady. Meanwhile, Meme Moguls is emerging to set a new bar for meme coins.
Cardano may hit an all-time high this year
Cardano has faced headwinds in the past few years, failing to retest its all-time high of $3.10.
Even so, it is a top 10 coin by market cap.
While ADA remains far from all-time highs, experts say it can cross $1 by June 2024.
Shiba Inu burns billions of SHIB
Last week, Shiba Inu removed 9.41 billion SHIB from circulation.
Despite this, SHIB is still under pressure.
The Shiba Inu team has been actively contributing to token burns, resulting in a significant increase in burn rate.
They have plans to transition to automatic mode to burn a substantial amount of Shiba Inu tokens.
Despite these efforts, the price of Shiba Inu has dropped by around 9% since Jan. 11, possibly due to the broader crypto market’s reaction to the SEC’s approval of the first spot Bitcoin ETF after nearly a decade of anticipation and debate.
Meme Moguls setting new meme coin standard
Meme Moguls stands out in the meme coin market by going beyond typical internet trends.
Introducing a play-to-earn game distinguishes it, offering users entertainment and educational value in investing while earning MGLS tokens.
Unlike other meme coins, Meme Moguls integrates features like simulated investing, engaging gameplay, community tournaments, an NFT marketplace, and ambitious plans for a metaverse. This comprehensive approach positions Meme Moguls as the best crypto investment.
The emphasis on practical utility, using MGLS as an in-game currency and governance token, adds legitimacy, which sets Meme Moguls apart from meme coins driven purely by hype.
The MGLS token is gaining momentum. It is priced at $0.0027 in its stage 4 presale.Â
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
