As Polkadot price predictions hint at a bullish future exceeding $100 per DOT, GMX whales seem to be shifting focus to the next hot opportunity – meme coin and play to earn project Meme Moguls (MGLS), currently in presale. The play-to-earn trading game combines social gaming with crypto education, underpinned by the MGLS token. The presale is selling out fast amidst whispers of 5x to 10x upside potential. Read on to find out all the details.
Polkadot Price Predictions
Experts foresee an upbeat future for Polkadot over 2024. DigitalCoinPrice sees Polkadot reaching $14.60 by December 2024. More aggressively, PandaForecast models the Polkadot price hitting highs of $13.51 in December 2024 after exceeding $12 earlier in the year. The lowest DOT price forecast is $8.88 in April. At the time of writing, Polkadot is currently trading at $6.90 up by 17% over the last two weeks.
Across all timeframes in 2024, analysts predict bullish trends, suggesting a buy.
Polkadot looks set for impressive gains over the next decade if these bullish forecasts play out. DigitalCoinPrice sees the DOT token climbing to $20 by 2026, passing $30 in 2027 and crossing $50 in 2031. By the end of the decade in 2033, Polkadot could reach prices over $130 per DOT token.
If Polkadot sees continuous adoption and its parachain model cements it as a preferred blockchain for interconnectivity and customization, DigitalCoinPrice predicts its fixed token supply could enable DOT prices to surpass triple digits before 2035. Their model reflects tremendous faith in Polkadot establishing dominance as a key Web3 infrastructure and interoperability layer over the coming decade.
GMX Exchange does well but whales are selling the token
GMX is a decentralized exchange threatening centralized platforms. Users can trade major cryptos like Bitcoin and Ethereum with up to 50x leverage straight from their DeFi wallet, without KYC.
Trades occur via a liquidity pool called gLP, containing stablecoins, BTC, ETH and altcoins. Adding to gLP earns governance token GMX and fee-sharing token gLP. Soon, more networks beyond Arbitrum and Avalanche will be supported.
Unlike centralized exchanges, GMX has no KYC, middlemen or regulations.
Launching end of 2021 at $15, GMX’s coin hit an all-time high around $88 in April 2023 before retreating. GMX recently hit another high at the start of 2024 of around $57. However, many holders took profit and this led to the rejection of the $60 mark. So where are they putting their profits now?
The Meme Moguls presale keeps gaining momentum
According to chatter on certain Telegram groups, the next exciting project on the horizon is called Meme Moguls. It’s a simulated trading game, with a twist. Each player has an avatar that they can build up using meme-based NFTs and completing missions. These NFTs can be won, received in exchange for staking and liquidity providing, and traded on the Meme Moguls marketplace.
Those who reach the top of the leaderboard win prizes, and teach others how to trade successfully. One of the interesting things about this project is that the community will be able to share new and profitable coins and other alpha.
Right now though, investors are excited about the MGLS coin which underpins the ecosystem. It will be used for rewards, governance, making purchases in the store and also promises to allow people to enter exclusive events.
This coin is now available in presale at $0.036. Given that forecasters are predicting $2.5 to $3.6 per coin in the future, this is an enticing price that aims to reward early backers. Stage 5 of the presale is currently 25% sold out.