PancakeSwap price has skyrocketed after the team submitted a proposal to reduce the coin’s total supply. Meanwhile, traders looking for the best crypto to invest in can turn to Fantom and Meme Moguls. Both tokens are set for a major price rally.
PancakeSwap (CAKE) Soars As Team Launches Proposal To Reduce Token Supply
The team behind PancakeSwap (CAKE) has recently initiated a proposal to decrease its circulating supply. On December 21st, they opened up a discussion about reducing the total supply of PancakeSwap coins.
According to the idea, the current maximum cap of 750 million CAKE tokens should be reduced to 450 million. Meanwhile, the PancakeSwap team believes that even with a lower cap, the DeFi token will gain market share across several blockchain networks.
The price of PancakeSwap has risen significantly in response to this plan. Pancakeswap’s trading volume has climbed 252.57% as of December 21st. In addition, the Pancakeswap coin has increased by 12% to a weekly high of $2.72. PancakeSwap is the 89th largest coin, with a market cap of $662 million, according to CoinMarketCap.
Meme Moguls (MGLS): Analyst Forecasts 20x Price Gains
Meme Moguls (MGLS) has been tagged as a leading play-to-earn project on the top ICO list. The platform is designed as a game, and its content focuses on the principles of developing wealth. A simulated investment platform that provides users with an understanding of different approaches to investment is a key component of Meme Moguls.
In each game, Meme Moguls hands out $100,000 to players as they attempt to grow their investment portfolios. By completing challenges, the players can earn coins they withdraw as real cash.
In addition, the platform promotes diversified investment. The game restricts players to holding less than 20% of their virtual investment portfolio in any one stock. Users can also receive more tokens by participating in investment tournaments. Two players can compete one-on-one, and there are prize offerings. Players take home their victory as they soar up in the game’s rankings.
The goal is to climb up the ranks till they become a “mogul.” Why is this status important? It will allow them to earn passive income through their trading expertise.
With these diverse opportunities for earning and engagement, Meme Moguls has earned its spot on the top ICO list. Currently, the Meme Moguls tokens are on sale at $0.0025. Analysts have foreseen a 20x price surge in the coming weeks.
Fantom (FTM) Surpasses $0.47 Resistance, Analyst Reacts
Fantom (FTM) has experienced a notable rise, crossing the $0.47 resistance. This movement suggests a potential upward trend for the cryptocurrency. Crypto analyst Ali, in a recent post on X, highlighted the significance of this breakthrough.
He pointed out that there are major resistance levels until $0.65. As a result, the Fantom price could be ready for a considerable rally. Meanwhile, CoinMarketCap data showed Fantom coin is up 14.4% and 55.4% on the weekly and monthly chart.
Also, the DeFi token has skyrocketed 136.2% in the past year. Meanwhile, Ali’s tweet has caught the eye of the Fantom community. Traders and investors are watching for any upcoming price changes and new developments.
Conclusion
Given the latest developments, PancakeSwap, Meme Moguls, and Fantom have emerged among the best crypto to invest in. All three tokens could see upward price movements in the coming weeks.
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