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SUI (SUI) Overtakes Bitcoin in TVL, Cronos (CRO) Announces Its Layer2 Launch – Meme Moguls Catch Investors Interest With Growing Presale

January 20, 2024 By Crypto Reporter PR

In today’s fast-changing digital economy, crypto has emerged as a game changer, transforming the way we perceive and interact with money. Over the years, several cryptocurrencies including SUI (SUI) and Cronos (CRO) have made their mark bringing massive returns to investors in the crypto world.

However, Meme Moguls has emerged as a top crypto coin that enables traders to buy and sell meme tokens while participating in various entertaining and monetized activities on the platform.

SUI (SUI) Overtakes Bitcoin in TVL

SUI, a token supported by Mysten Labs, generated significant speculation in the wider cryptocurrency market on Monday. The token’s on-chain data revealed a noteworthy achievement, surpassing Bitcoin in Total Value Locked (TVL).

According to insights from a DeFi protocol tracking platform, SUI currently holds the 13th position globally among all chains with the most TVL. This development has instigated considerable optimism in the market for the native token of the decentralized blockchain, reflected in its recent price surge.

On another note, Bitcoin’s Total Value Locked has been gradually decreasing post-approval, coinciding with the recent significant decline in its price. Additionally, the token’s TVL has also experienced a slight decrease, aligning with the overall market downturn of the token.

Cronos (CRO) Launches Its Layer 2 Network, “Cronos zkEVM”

The enthusiasm for Layer 2 networks is growing within the cryptocurrency sphere, and Cronos (CRO) is keen on keeping pace. Recently, Cronos unveiled the introduction of a fresh Layer 2 network named the “Cronos zkEVM chain.”

This announcement came as Cronos registered a 2% increase on the monthly price chart, bringing its current trading price to $0.095. According to an official statement from Cronos, the Layer 2 network is set to debut initially as a testnet, introducing a new chain to the Cronos ecosystem.

Analysts anticipate that this development will prove highly beneficial for Cronos investors as it may become one of the top crypto coins in the long run.

Meme Moguls Stage 4 Presale: 180% Increase Anticipated

Meme Moguls aspires to serve as a marketplace fueled by memes, enabling traders to buy and sell memes while participating in various entertaining and monetized activities on the platform.

Within the Meme Moguls ecosystem, two primary interactive sections exist. The first involves a gaming area where members can partake in virtual or simulated trading activities. The second is Moguls World, a metaverse experience designed to foster connections among members, allowing them to mine tokens, participate in liquidity pools, and engage in token staking.

At the core of Meme Moguls is the $MGLS token, which functions both as an in-game currency and a governance token. This dual functionality enhances the utility of the Meme Moguls native asset, positioning it as a contender among top cryptocurrencies.

Currently, in stage 4 of its ongoing token presale, the MGLS token is priced at $0.0027, representing an almost 180% increase from its initial launch price of $0.001. This upward trajectory is attributed to the adoption of a dynamic pricing model, where the token’s value progressively rises with each presale stage until the official project launch.

This distinctive approach not only provides an accessible entry point for traders but also situates MGLS tokens among the most promising beginner cryptocurrency to invest in.

Learn more about the $MGLS here:
Visit Meme Moguls | Join the Community

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.

Filed Under: Press Releases

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