Shiba Inu and Meme Moguls are making waves in the crypto space with their innovative new applications. Shiba Inu’s new scalability platform, Shibarium has already been a big hit, and now Meme Moguls looks to change how individuals learn about investing.
With more advancements on the way, thousands of investors are buying into each project, anticipating significant returns in 2024.
Shiba Inu Whale Transactions Increase by 360%
Shiba Inu has experienced a 363% surge in transactions consisting of over $100,00 in the last week. This activity has triggered a significant influx in Shiba Inu’s daily trading volume, which is currently $282 million.
Due to whale transactions, an estimated 11.98 trillion SHIB tokens have been moved from one wallet to another, with one transaction moving 355.6 billion SHIB tokens to an unidentified wallet address.
This is the highest level of activity Shiba Inu has encountered in 2023 and signifies a growing confidence in the memecoin. Given that Shiba Inu’s ecosystem is rapidly expanding, the project could see additional price increases throughout Q1 of 2024.
In addition to its price increases, Shiba Inu’s Shibarium recently hit a significant milestone of 50 million transactions in 3 months. Such growth suggests that Shiba Inu is gaining widespread adoption and becoming much more than just a memecoin. With updates in place for 2024, analysts believe that Shiba Inu could soon challenge Dogecoin for the spot of number one memecoin.
Meme Moguls Introduces A New Way To Build Wealth
Meme Moguls is an engaging play-to-earn game that introduces players to the stock market with fantasy meme market trading. The game gives individuals the opportunity to trade memes, learn about investing, and meet like-minded meme enthusiasts as part of a thriving DeFi ecosystem.
With real-time market data and trends, users will be able to analyze the latest insights, look at market fluctuations, and make the most informed decisions to optimize their chances of profiting.
— Meme Moguls (@meme_moguls) December 8, 2023
In addition to investing in memes, users will be able to invest in the stock market with simulated investments. As part of this process, Meme Moguls will allocate $100,000 in virtual funds to a player. The player can then learn trading strategies by virtually investing in stocks and engaging in challenges.
Meme Moguls will be powered by $MLGS tokens, which serve numerous purposes throughout the Meme Moguls ecosystem. For example, $MLGS token holders will be able to participate in the project’s governance. They will be able to vote on proposals, protocol upgrades, fee structures, and future community developments. Additionally, token holders will be able to stake their tokens for rewards. These rewards include in-game items and additional tokens.
$MLGS will be used for transactions throughout the Meme Moguls ecosystem and will play an important role in the Meme Moguls marketplace. Here players will be able to buy, sell, and trade meme assets, unlocking a myriad of new earning opportunities in the process.
Tokens are currently selling fast during stage one of the Meme Moguls presale. Tokens are selling at $0.0021, and are expected to hit $0.19 within the next year, according to market analysts. These returns, alongside a prize of $10,000 during each presale stage, have made Meme Moguls a big hit amongst investors.
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.