- Solana (SOL) briefly flipped XRP as its market cap rose above $33 billion.
- Analysts are bullish on SOL value, noting the potential for upside continuation.
- Meme Moguls (MGLS), a brand new meme-based token, is creating waves available in the market as its presale breezes by way of stage 2.
Solana (SOL) has outperformed Bitcoin and all prime altcoins up to now few months. As bulls seemed to strengthen above $70 on Wednesday, Solana’s market cap briefly flipped that of XRP.
Elsewhere, meme-based crypto token Meme Moguls (MGLS) seems poised for a probably explosive 2024.
Solana value prediction as SOL briefly flips XRP
Solana (SOL) has soared greater than 600% since its lows in December 2022. The sensible contracts blockchain platform’s native token has within the course of recouped losses suffered when the broader contagion attributable to the collapse of crypto change FTX pushed SOL to under $10.
Having traded to highs of $79, Solana bulls are prone to eye $100 in coming weeks as its bullish momentum strengthens. Right this moment’s temporary flippening of XRP got here as latest positive aspects sparked by the meme coin Bonk (BONK) pushed SOL’s market cap above $33 billion on December 20.
In line with one crypto analyst, Solana’s upside pattern is prone to proceed amid its “bullish consolidation.”
“There’s little question that is going greater,” pseudonymous analyst The Crypto Canine opined on X.
Meme Moguls (MGLS): A meme token poised for explosive 2024
Meme Moguls (MGLS) is a brand new crypto platform designed for each the seasoned dealer and meme fanatic. It’s providing of a play-to-earn (P2E) sport ecosystem the place anybody can hop onto the newest developments in crypto, harnessing their buying and selling expertise to earn profitable rewards within the native MGLS token.
This could possibly be by way of leaderboard competitions, staking, and NFT buying and selling amongst different modern ways in which put MGLS holders in charge of the best way to add to their returns as they assist the ecosystem or play towards different neighborhood members.
Meme Moguls has outlined a presale that may see 60% of the three billion token provide go to the neighborhood of early customers. The potential for this token to develop into the subsequent Pepe, Bonk, Shiba Inu or Dogecoin has the crypto market buzzing about its presale.
Meme Moguls (MGLS) presale
Having began at simply $0.0019 per token, the wave being witnessed as merchants snap up $MGLS has pushed the value to $0.0023, with over $600,000 raised in stage 2 to date.
In line with particulars on the Meme Moguls presale page, there lower than 164 million tokens remaining earlier than the the subsequent stage and value will increase.
Whereas nonetheless in presale, the massive curiosity presently engulfing the Meme Moguls’ early chook provide may assist catapult costs greater when the undertaking launches in early 2024. In line with projections, the value of MGLS may see a 100x transfer if the crypto bull market rolls in as forecast.
If you’re contemplating looking at this undertaking to find out about its tokenomics and utility, the whitepaper is obtainable here.