Meme Moguls projected to rally, Rekt Capital bullish on Ethereum

Ethereum (ETH) has faced scaling challenges due to its growing user base, resulting in high gas fees and network congestion. Despite this, ETH is up 82.6% in the past year, and analysts are optimistic about its future. Meanwhile, Meme Moguls is gaining momentum in the ongoing MGLS presale. 

Meme Moguls gaining momentum

Meme Moguls is an upcoming play-to-earn (P2E) meme-oriented ecosystem that can innovate in the industry with its unique approach. 

Through Meme Moguls, users can enjoy simulated trading challenges and climb the leaderboards to earn rewards. 

MGLS stakers also receive rewards.

One game mode allows users to outperform the S&P 500 index for a chance to win a bonus. 

For what the platform offers, supporters say MGLS can rally once it launches in mainstream exchanges.

Ethereum set for gains

Ethereum is firm despite concerns about network performance and fees. 

When writing, the coin is changing hands at around $2,280, and buyers seem hesitant to invest more. 

Even so, the outlook is bullish, and more traders appear to be accumulating.

ETH is trading above the 50-day EMA, moving from $2,187 to $2,434 in the past week. 

According to market analyst Rekt Capital, Ethereum remains bullish this month.

Summary

Meme Moguls is attracting investors in the ongoing presale primarily because of its earning opportunities, ecosystem, and growth potential. For this reason, MGLS is being explored and considered by some investors. It also comes when Ethereum prices are firm, with experts forecasting growth.