Shiba Inu (SHIB) has experienced entry into the green zone during the past week and at this rate, could reach new heights. In the meantime, Dogecoin (DOGE) has had a rough couple of months but is initiating a phase of recovery. Meme Moguls (MGLS) has seen a significant level of attention as well, as it’s the latest meme coin to enter the Web3 space and has been dominating with its presale.
Shiba Inu (SHIB) Gains Massive Support – Price to Reach $0.000016
Shiba Inu (SHIB) has taken support from the short-term descending support line and is coming back as the market stabilizes. With multiple lower price rejections, the Shiba Inu price has experienced a bullish turnaround.
Furthermore, the cryptocurrency has reclaimed the 200-day EMA and challenges the 50-day EMA, with the intent of avoiding a death cross event. In the long run, the Shiba Inu crypto does have massive growth potential. According to the Shiba Inu price prediction, it can end 2024 at $0.000016.
Dogecoin (DOGE) Sees 1,100% Spike in New Addresses – Price to Reach $0.1412
Dogecoin (DOGE) is experiencing a rapid upswing as well and has captured the attention of traders. Recently, the Dogecoin price was discussed by leading market analyst Ali Martinez on X.
According to the analyst, the Dogecoin crypto is witnessing a remarkable surge in the growth of new addresses, peaking by a staggering 1,100% during the previous week. On January 29, 247,240 new DOGE wallet addresses were created, which marked an all-time high. According to the Dogecoin price prediction, it can end 2024 at $0.1412.
Meme Moguls (MGLS) to List on Uniswap and Reach 4,000 Holders
Meme Moguls (MGLS) is an upcoming DeFi project that can completely reinvent the meme coin market with its unique approach. The platform also introduces similar trading and will feature a dedicated Trading Platform alongside a Moguls Casino and Moguls World. MGLS is the native cryptocurrency that’s built on top of the ERC-20 token standard. It will support a wide range of platforms, and it’s used for staking and governance. The MGLS crypto has reached Stage 5 of the presale, where it has raised almost $2 million and is on a path towards raising $2.5 million.
At Stage 6, the price of the MGLS crypto will be sold at $0.0042. The team will then list the Uniswap cryptocurrency on Uniswap and has set the closing date for the presale to Wednesday, February 28. The project will also undergo the test phase starting on March 11, which has resulted in a massively increased level of attention.
Over 3,700 wallets hold the crypto, with the project expected to reach 4,000 soon. At launch, analysts project a major price upswing for the cryptocurrency at 100x.
Summary
It’s clear that meme coins are booming, and this is evident from the recent price fluctuations seen in Shiba Inu and Dogecoin. Yet, the most significant attention is given to Meme Moguls, as it can experience a major upswing and become one of the hottest projects for 2024.
