Bitcoin is currently on a bull run. Its value surged throughout November, taking Bitcoin to $43,000, its highest value in 2023. Now, as the crypto market follows, the memecoin market is expected to boom.
Market analysts have their focus on three cryptocurrencies in particular: Pepe, Floki, and an exciting new project, Meme Moguls. Each project is expected to surge throughout December, causing excitement throughout the market as investors add each to their portfolios.
Pepe Price Hits A New Quarterly High
Pepe hit the crypto scene by storm in May 2023. It quickly became the number one trending memecoin, though the hype around Pepe died as memecoin actively slowed. Nonetheless, Pepe experienced an exceptional month in November and continues to rise with an additional 38.82% price pump over the last week.
This pump was triggered by a Binance announcement. While previously Pepe had little utility, Binance announced that Pepe can now be used as collateral on its platform. Investors will be rewarded with 10 million Pepe for doing this, which has triggered an additional surge in Pepes price and trading volume.
Analysts are now speculating as to how high Pepe could go before the end of 2023. Many predict that a 20x gain could be possible during the current bull run, while others suggest that a 5x return is more realistic.
Will Floki Hit An Annual High In December?
Floki experienced its best month of 2023 in October, after which many experts believed the memecoin would crash. However, Floki has continued to thrive. Its value increased by 29.6% in November, and its daily trading volume has passed $100 million for several consecutive days.
In addition to its successful price increase, Flokis Head of Operations, known as B, also made an announcement about Valhalla, the project's play-to-earn NFT metaverse game. B stated that after careful market analysis, Flokis Valhalla will be launched during perfect market conditions.
While this gives no real date, this news created hype throughout the Floki community, and the project value increased to $0.00004 just 24 hours after the announcement. Investors are now accumulating Floki tokens at exceptional rates, with many predicting that Floki could become a top memecoin in 2024.
Could Meme Moguls Rival Pepe And Floki?
As the memecoin market starts to pump, investors believe that Meme Moguls could be the moonshot token everyones been waiting for. Unlike most memecoins, Meme Moguls offers fantastic utility. It introduces an innovative game meticulously designed to help users build their investment knowledge.
The Meme Moguls game will introduce simulated investing, in which users will be given $100,000 in virtual currency. This currency can be used to test trading strategies, compete in games, and earn cash prizes and meme rewards. To create a more realistic investing experience, users can only invest 20% of their portfolio at once.
Another unique element of Meme Moguls is its focus on community. Meme Moguls takes the meme community one step further with its own bustling community, as well as games where players can compete with one another.
If this wasnt enough to get investors excited, the Meme Moguls token, $MGLS, will act as both an in-game currency and governance token, giving it greater utility than most memecoins in circulation.
With its presale set to begin soon, investors will be able to purchase $MGLS at just $0.0019, a huge bargain considering its potential. Analysts speculate that Meme Moguls could increase 100x in its first year alone, quickly outperforming current memecoins like Pepe and Floki.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No State Today USA journalist was involved in the writing and production of this article.