There’s bullish information for Litecoin, Cardano, and a brand new token referred to as Meme Moguls. Because the market rises, merchants need to refill their portfolios to make the most of what seems to be a bull market. And all simply in time for Bitcoin’s halving occasion in 2024.
Learn on to search out out all about it.
Cardano might be constructing a Layer 2 with Kraken
Based on a publish on X on Nov 13, Cardano is gearing as much as workforce with CEX Kraken. Why? To assist them to construct and develop a Layer 2 decentralized blockchain. This got here after Kraken sounded a call for help.
On condition that Cardano is a Layer 1 blockchain, the implication is that Kraken could be a scaling answer based mostly on Cardano, or no less than leverage their tech and community safety to make a L2.
Though some may query if Cardano ought to spend extra time creating their very own product, since their TVL (Complete Worth Locked), lags approach behind different main blockchains, it might be that this potential collaboration takes the Cardano and ADA to new heights in 2024.
Litecoin is properly on the best way to mainstream adoption
Litecoin, one of many grandaddys of crypto, didn’t develop after this 12 months’s Litecoin halving occasion. However historical past exhibits us that this has occurred earlier than and that it usually takes a bit extra time to see bullish worth motion, with BTC’s halving occasion because the turning level.
The newsworthy occasion for Litecoin is that Bakkt has simply built-in it, together with six different currencies, into its Bakkt custody product and platform. Bakkt goals to make cryptocurrencies like Litecoin extra accessible and usable for mainstream companies and shoppers.
They deal with constructing regulated infrastructure and options to bridge conventional finance and the crypto economic system, thus furthering mainstream adoption.
This rising adoption is an element of a bigger development for Litecoin each for establishments and on a regular basis customers. Litecoin has not too long ago been built-in into Bitpay – an answer that permits folks to pay their payments with crypto.
Litecoin claims to be “probably the most energetic blockchain on this planet” with over 1.3 million transactions within the final 24 hours vs 430,000 transactions within the Bitcoin community.
The challenge with probably the most development potential in 2024 is Meme Moguls
Whereas Litecoin proves that it may be the on a regular basis foreign money of crypto, Meme Moguls is ready to be the go-to position for Memecoins. Meme Moguls can be a decentralized inventory trade, a play-to-earn recreation and a thriving group area for meme lovers. Avid gamers can get pleasure from betting with their token MGLS, within the on line casino, or construct up meme-based mostly avatars and take part in a meme fantasy buying and selling league.
Non-avid gamers, or those that like each the enjoyable and the technical aspect, can use the platform to research the most recent tendencies and discover the most recent scorching memecoins – to turn into a “meme mogul”. They will additionally present liquidity. The motivation is incomes MGLS and being rewarded with unique NFTs which can be tradable on platforms like Opensea.
However that’s not all.
The MGLS token is in presale and might be purchased at $0.0019, on the very first stage. Predictions say {that a} 1000x is probably going earlier than the token even launches on the open market. That is slated for the tip of 2023. From there on in, speculators count on a 20x, and the potential of extra, because the platform positive factors extra traction and a spotlight within the thriving meme group. For these early traders, the workforce will give away $10,000 on the finish of every presale stage.
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