In 2024, Meme Moguls looks to become one of DeFi’s most profitable projects. Its value has already increased from $0.0019 to $0.0027, and now analysts predict the altcoin will hit 100x returns. But how does it compare to projects like Cronos and VeChain? Here’s a breakdown.
Having just hit a new all-time high, excitement around the Meme Moguls presale is building. This lucrative new altcoin has already sold out three presale stages, raised $1.6 million and experienced several price increases. Now, as its audience continues to scale, experts predict that the Meme Moguls presale will soar.
This thrilling new altcoin combines memes with investing in a virtual meme stock market. Players will be able to buy, sell, and trade assets throughout this stock market, using $100,000 in virtual currency. This currency will let investors test out new strategies, learn about investing and more, completely risk-free.
Customizability will play an important role in the Meme Moguls ecosystem. Players will be able to customize their own avatars based on their favorite memes. They’ll also be able to buy and trade NFTs on the marketplace to develop new income streams.
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In addition to investing, players using Meme Moguls will be able to take part in several different game modes. These will include investing tournaments, virtual games like Beat the Market, and paid competitions where the winning investor will claim the entire prize pool.
Meme Moguls is in the fourth stage of its presale, and its native token, $MGLS, is trading at $0.0027. Tokens can be staked for additional income and will be used throughout the Meme Moguls marketplace. They’re expected to reach $0.19 once Meme Moguls is officially launched, which would make $MGLS one of the most profitable projects in the market.
But how does this exciting new altcoin compare to developed projects such as VeChain and Cronos?
VeChain’s (VET) value increased by 66% in 2023. The project faced several dramatic price fluctuations during its increase, and its activity is now on the rise. On January 4th, VeChain hit 1,107,812 million transactions, making VET one of the market’s most traded cryptocurrencies. Despite the reason for the surge being unknown, many experts believe this could be a precursor for a VeChain bull run.
However, VeChain’s value has fallen over the last few days. The project is down 6.63% and is now trading at $0.029, having fallen from its recent high of $0.037. Nonetheless, crypto analysts remain bullish. According to a recent on-chain analysis, VeChain could go as high as $0.616, almost double its current trading price. As a result, investors continue to buy VeChain to hold it for a potential bull run later this year.
Cronos experienced average growth in 2023, increasing in value by 37%. The majority of this growth occurred in Q4 when Cronos surged to $0.1. However, the project has since crashed and is now trading at $0.08636. The native cryptocurrency of Crypto.com now faces mixed predictions going into 2024.
Bullish analysts speculate that Cronos could recover from its recent correction, with some suggesting that Cronos will hit $0.1 in Q1. However, According to current chart analysis, Cronos could face further declines.
Despite being the 40th-ranked cryptocurrency in the world by market cap, Cronos is ranked number 263 in terms of trading volume. Due to this low demand, Crypto.com will need to hit new targets in 2024 to help Cronos’ value surge.
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