Cardano is the 8th ranked cryptocurrency by market cap and one of the world’s fastest-growing memecoins. Since its release, over 150 projects have been launched on the Cardano blockchain, and over 1,300 are in development. However, Cardano’s performance has been poor. The altcoin faced several declines in 2023 and now, investors are looking to diversify with Meme Moguls.
Will Cardano Surge In 2024?
As one of the world’s largest growing DeFi ecosystems, experts predicted that Cardano would break out in 2023. However, its value increased by just 25%, while competitors like Solana saw 300% returns. This has created frustration among Cardano investors, who are asking why the project’s growth continues to remain slow.
Over the last month, a market-wide correction has caused Cardano’s price to decrease by 5.5%. This decrease has triggered a significant dip in Cardano’s daily trading volume, which was $227 million at the time of writing. During this dip, Cardano dropped out of the top 20 most-traded cryptocurrencies and is now ranked number 21.
Given its ecosystem growth, it’s possible that Cardano could experience a rally as the market enters a new bull run. Should Bitcoin experience a surge during its next halving event, bullish experts predict that Cardano could pass $1.
Since Cardano is currently trading at $0.49, investors could double their initial investment. However, should Cardano follow its recent trends, other experts suggest that Cardano may only increase to $0.6.
Meme Moguls Offers Higher Returns Than Cardano
With the announcement that its presale will end on February 28, Meme Moguls is expected to make significant gains towards the end of Q1. This exciting new P2E platform has already increased by 90% during its presale and is on track to hit a new all-time high after stage 5 of its presale sells out. Within a year, market analysts believe that Meme Moguls could experience 100x returns as its game gains traction.
Meme Moguls uses $MGLS as its utility token. This token will be used throughout the Meme Moguls game, where investors will be able to invest in a virtual stock market. Aside from this market, investors can compete in events, rank in the game’s leaderboard, and network with like-minded gamers.
Over the next few days, Meme Moguls will launch its first game preview. Gamers will be able to see the game’s innovative new features first-hand, and post-event the team will be able to make final adjustments before the game has its first phase release in March.
With the Meme Moguls presale quickly coming to an end, time is running out for investors to get involved early in one of DeFi’s most captivating new projects. Over the next few weeks, $MGLS tokens are expected to increase from $0.0036 to $0.0042, and the final presale rewards will be given to presale investors.
To get involved, investors can buy $MGLS tokens through the projects website, and will still be in for a chance of winning giveaways before the end of February.
For more information about the Meme Moguls (MGLS) Presale:
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