The cryptocurrency market shows early signs of a bull run, with Axie Infinity and the upcoming Meme Moguls stealing the spotlight. Axie Infinity is fighting back against its bearish performance this year with a rapid price increase, while Meme Moguls is gaining traction during a presale event of discounted tokens. Let’s take a closer look at the factors driving this price rally and what we can expect from these two projects in the near future.
Meme Moguls (MGLS): From Memes to Wealth
Meme Moguls is a P2E ecosystem that merges meme culture with financial gain. The main attraction of Meme Moguls is the simulated investing platform where participants can compete in virtual stock market trading.
This is your opportunity to channel your inner Musk and become a meme mogul. Do you have what it takes to enhance your skills, compete with others, and win MGLS tokens when you top the Wealth Leaderboard?
The ‘Beat the Market’ game mode is an exciting feature of Meme Moguls. You can test your trading strategies here by outperforming markets like the S&P 500. It’s the ultimate battle of wits and a chance to earn even more MGLS tokens or meme-based NFTs.
MOGULS!! ?
Are you ready to change the landscape? ??? With one of the biggest airdrops of 2024 ? Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt
— Meme Moguls (@meme_moguls) December 8, 2023
Beyond the game, the Meme Moguls ecosystem extends into a broader virtual world called “Moguls World.” This metaverse space allows users to connect, mine tokens, join liquidity pools, and stake their tokens for additional rewards. It is yet another way to profit off the platform.
Staking tokens in the Meme Moguls pool makes players eligible for rewards based on their share of the pool and the percentage of the annual return. The more tokens staked, the higher the potential earnings. The utility of a platform’s token is a major factor in driving the price rally of Meme Moguls.
The Meme Moguls presale event offers discounted MGLS tokens to investors. At just $0.0021 in the first presale stage, Meme Moguls has a fully diluted market cap of just $6.3 million. Considering the total market cap of all memecoins is more than $24 billion, there is a lot of potential for growth in the Meme Moguls project.
Analysts note that the blend of gaming, education, and big redwards makes Meme Moguls stand out in the crowded memecoin market. 100x potential is not unrealistic for this up-and-comer as it launches into the mainstream.
The Rise of Axie Infinity (AXS)
Axie Infinity is a blockchain-based game that involves an exciting blend of battling, trading, farming, and community-building. The game’s digital assets are NFTs (non-fungible tokens) that are unique and have real-world value.
Since its launch in 2018 on Ethereum, Axie Infinity has become extremely popular. Players can earn AXS tokens by competing in battles and completing quests within the game. These tokens are also used to influence the game’s direction through community governance.
As one of the first big P2E games to enter the crypto industry, Axie Infinity soared by over 100x to reach an all-time high of $160 and a market cap of nearly $10 billion. However, it would prove impossible to sustain such a meteoric rise in popularity and value, with the token now trading at $7.44.
The Axie Infinity team is still building and expanding, with plans to release the Axie Part Evolutions and other exciting features in the coming months. The Axie Part Evolutions release will make Axie Infinity the first P2E game to incorporate digital collectibles that evolve in real-time as players use them in battles.
Axie Infinity (AXS) Price Prediction 2024
The number one factor that will lead to Axie Infinity’s future success is its user base. So the fact that the team is still working tirelessly to onboard more users is an excellent sign. This will become increasingly important as more P2E games enter the market and compete for users.
The chart highlights the $8.00 area as the key area to watch. This is a key level that has acted as support and resistance many times over the past few years. A break and daily close above here would likely lead to a quick rally to $20.00, with a further breakout potentially pushing AXS to $50 in 2024.
However, it is worth noting that Axie Infinity already has a fully diluted market cap of over $1.8 billion, a significant valuation for a game without millions of users. This means that the potential for further price appreciation may be limited, and hitting $100 could be a challenge in the short term.
In contrast, Meme Moguls has a fully diluted market cap of $6.3 with the current presale price of $0.0021. The risk-to-reward ratio is much more favorable for Meme Moguls, with the potential for significant price appreciation if the game gains popularity and users.
For more information about the Meme Moguls (MGLS) presale:
Website: https://mememoguls.com/
Twitter: https://twitter.com/meme_moguls