Shiba Inu and Polkadot are the two top altcoins in the crypto space. Currently, their market caps sit at $5.81 billion and 8.97 billion, respectively.
Meanwhile, analysts have forecasted a 100x surge for the DeFi coin price of a ravaging presale project, Meme Moguls. Can this price surge push Meme Mogul’s market cap above those of Shiba Inu and Polkadot? Let us find out.
Shiba Inu (SHIB) Price Prediction By Top Analyst
Crypto analyst The Coach XD has provided the Shiba Inu community members with optimism with his recent price forecast. Based on Shiba Inu’s monthly chart, the analyst believes the coin has a low likelihood of experiencing another price drop.
He went on to say that the 16th largest token by market cap is gearing for a price increase. He says that SHIB, one of the top altcoins, has hit rock bottom and can no longer go down. However, he believes the Shiba Inu coin will first return to its opening price from last month before making the shift.
Last month, the opening price of Shiba Inu was around $0.00000829. Shiba Inu coin could drop 12% from its current price of $0.00000943 before beginning its price surge.
Polkadot (DOT) Staking Rises
Polkadot (DOT) staking increased in the second week of January 2024. Tony, a famous crypto expert, tweeted about the increase of Polkadot tokens locked in staking.
Over 719.81 million DOT have been staked at a 14.8% reward rate. Staking wallets have roughly 107k, leading to a staking market cap of more than $4.8 billion.
This increase in staking measures shows investors’ optimism about Polkadot’s future prospects. Despite these encouraging staking rates, market opinion towards Polkadot coin has been overwhelmingly negative.
According to CoinMarketCap, the Polkadot coin is trading at the $7 region. It has dropped from a 7-day peak of $8.55
Meme Moguls (MGLS) Eyeing 100x Price Rally
Analysts have predicted a 100x price surge in Meme Moguls as its presale continues to grow. With this 100x price prediction, Meme Moguls will skyrocket from its current price of $0.0027 to $0.27.
Given that Meme Moguls’ total number of coins is 3 billion, this will mean a market cap of $810,000,000. While this is below the market cap of Shiba Inu and Polkadot, it is a major gain for investors who keyed into the cryptocurrency ICO.
Meme Moguls: The Memecoin Gaming Token
Meme Moguls (MGLS) is a meme coin and play-to-earn token with real-world worth that is set to transform the defi sector. It is a DeFi project that has gone past the hype of meme coins, offering investors a chance to earn through gaming. Its gaming platform also serves as a resource for learning about investing and growing money.
Players start with a virtual $100,000. The goal is to allow them to practise and enhance their investment skills. What improves the experience? Profits from the game’s challenges can be converted into real money. And now comes the big question: will the coins be withdrawn? Yes.
Furthermore, the cryptocurrency ICO adds a novel guideline to encourage varied investing approaches among participants. It prohibits them from committing more than 20% of their virtual funds to a single investment.
This policy encourages players to invest in the game in a more balanced manner. The Meme Moguls DeFI coin price is currently $0.0027, with a potential 100x rise.
Conclusion
Although Meme Moguls’ market cap is one zero short of surpassing the market cap of Shiba Inu and Polkadot, the token still has huge potential. Its meme coin and gaming token status make it a top coin to consider.
According to forecasts, the Play-to-Earn NFT Games Market will be worth USD 3618.4 million by 2028. This indicates huge potential, and the DeFi project can ride this wave to even greater success.
Learn more about the $MGLS here:
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Meta Title: Meme Moguls Prepares for a 100x Price Surge, Will It Surpass Shiba Inu and Polkadot
Meta Description: Discover if Meme Mogul’s market cap can surpass that of Shiba Inu and Polkadot after a 100x surge.
Keywords: top altcoins, DeFi coin price, cryptocurrency ICO, Shiba Inu (SHIB), Shiba Inu coin, Shiba Inu, SHIB, Polkadot (DOT), DOT, Polkadot coin, Polkadot
