Meme Moguls (MGLS), a new comer in the crypto space has announced that it would launch more utilities in Q1 2024. This move would position Meme Moguls as a formidable opponent for top coins like Polygon (MATIC) and Cardano (ADA). Let's see the utilities that Meme Moguls will be launching.
Polygon (MATIC) Whale Moves Assets Off Exchange
Whale Alert, a platform that tracks big cryptocurrency holders, uncovered a large transaction lately. According to Whale Alert, an unknown whale moved over 6,999,890 MATIC tokens off Binance. Interestingly, this movement is good news for Polygon coin holders.
It shows that the whale plans to hold these tokens for a long time. Besides, this might cause Polygon's price to see gains in the short term as selling pressure reduced. According to CoinMarketCap, Polygon MATIC is valued at $0.834142, after seeing a 26.7% gain on the weekly chart.
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Currently, Polygon crypto bulls are aiming for the $0.85 level. A rise above this resistance could trigger a price rally to $1.0785 in the coming days. In the long run, analysts have forecasted a maximum price of $3.33 for Polygon in Q1 2024.
Cardano (ADA) Whales Selling Holdings
Cardano (ADA), an Ethereum competitor, saw major gains last week along with other cryptocurrencies. The price of Cardano recorded double-digit gains. In addition, there was a sudden increase in large transactions by Cardano ADA whale investors.
Between November 3rd and 9th, a Santiment noticed a big increase in whale transactions worth $1 million or more. The Cardano chart shows over 12,000 of these big transactions on the Cardano network. This is a big number compared to the number of transactions in the past three months.
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When there is a lot of activity by whale investors, it usually means they are selling and taking their profits. Therefore, Cardano crypto could lose its recent gains, becoming more volatile. Meanwhile, CoinMarketCap data shows that the Cardano price increased 17.6% to $0.374669. Analysts have forecasted a price increase to the $1 level by Q1 2024.
Meme Moguls (MGLS): What Utilities Will It Offer in Q1 2024?
According to Coincodex.com, 478 people have become millionaires, thanks to Dogecoin despite its lack of utility. Now, imagine a token that is a meme coin and has wide utility with a low market cap. I present to you – Meme Moguls (MGLS) . One of the platform's goals is to create 100 millionaires within the first 3 months of launch.
How will it achieve this? Through its utility-driven ecosystem that will launch in 2024. One major aspect of Meme Moguls is its "wealth leaderboard." This leaderboard is like a scoreboard that encourages friendly competition among its users.
In addition, they would launch a staking pool. That means you can put your $MGLS tokens into it and make some passive income. In addition, you would be part of a fun and engaging community where you can connect with fellow meme lovers.
If you are into competition, Meme Moguls has tournaments where you can compete with other traders. Furthermore, Meme Moguls rewards active users. You can win NFTs and more $MGLS coins. Currently, you can buy Meme Mogul's tokens for just $0.0019 each with 100x growth on the horizon.
