Shiba Inu’s value soared in Q3, taking the project to quarterly highs on December 11th. However, Shiba Inu has started to crash, losing over 2% of its value overnight. Some experts believe this decline is a sign that Shiba Inus growth may have come to a halt. As a result, investors are now purchasing alternative projects such as Meme Moguls, which is quickly selling out during phase one of its presale.
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Shiba Inu Crashes After Positive Q4 Trends
Shiba Inu hit a series of milestones in 2023, challenging Dogecoin for the spot of number one memecoin. Its most notable achievement was the launch of Shibarium, a scalability platform designed to speed up Shiba Inu adoption. In less than 3 months Shibarium has already reached 50 million transactions, an achievement that displays how fast the Shiba Inu ecosystem is growing.
Following its Shibarium launch, Shiba Inu experienced several price increases, and in Q4 Shiba Inu hit its first bull run in 3 months. Now trading at $0.000009558 per token, experts are split as to whether or not the project will keep increasing in value.
On the one hand, Shiba Inu is still experiencing a bull run. Over the last month Shiba Inus value has increased by 6.12% and returns remain positive over the last week. However, Shiba Inu’s growth is slowing.
The project’s daily trading volume has fallen to $237 million, making Shiba Inu the 41st most traded cryptocurrency in the world. This is a significant decline, and now some investors are selling their SHIB tokens. For example, on December 12th, one crypto whale dumped 12.06 billion SHIB tokens on Binance, a sign of a potential supply upsurge, according to market analysts.
Could Meme Moguls Outperform Shiba Inu?
Meme Moguls is a new play-to-earn project that helps users learn about investing through a unique fantasy meme market. As the first of its kind, Meme Moguls has been praised for its innovative approach to investing and how it empowers players to build their own wealth.
MOGULS!! 🔥
Are you ready to change the landscape? 🧑🌾 With one of the biggest airdrops of 2024 👀 Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt
— Meme Moguls (@meme_moguls) December 8, 2023
The Meme Moguls game introduces simulated investing, in which players can invest virtual funds in everything from a virtual stock market to meme-inspired assets. Once they’ve built their foundations, players will be able to compete in tournaments, challenge other investors in lucrative winner-takes-all games, and take part in what’s being described as the meme market’s next big community.
As part of this community players will be able to find new mentors, meet other investors and discuss the latest market trends and innovations. They will also be able to win rewards in tournaments or compete in free games to build their investment experience.
Meme Moguls will use $MGLS to power its ecosystem. Tokens will be used for transactions, voting rights, and staking for an additional passive income stream. $MGLS tokens are currently trading at $0.0021 during stage one of the Meme Moguls presale. In addition to great returns, early investors will be able to take part in a $10,000 giveaway at the end of each presale stage, making Meme Moguls a great opportunity for investors who missed the recent Shiba Inu pump.
For more information about the Meme Moguls (MGLS) presale:
Website: https://mememoguls.com/
Buy presale: https://app.mememoguls.com/sign-up
Twitter: https://twitter.com/meme_moguls
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