As most cryptos have been rising due to spot ETF news and the pro-crypto president elected in Argentina, Shiba Inu is no exception. But Bitcoin Cash has fallen. Meme Moguls is on the rise because it has exited the beta stage, and is set to continue by at least 1,000% from here.
Read on to find out why.
So Much Wow for Shiba Inu
Shiba Inu is up by 25% since its October low of $0.0000672. There have been so many bullish developments for Shiba Inu, including the release of the Shiba Name Service. This means that people can name their wallets with whatever they want, such as shibaisbetterthandoge.eth, and also sell them later.
There’s also been an online magazine and an increase in L2 Shibarium wallet addresses – although these two things are linked in a way that no one seems to be acknowledging. What is it? Well, the zine – theshib.io, offers cover art NFTs for the first people who turn up every Monday. And when you register you are automatically assigned a Shibarium wallet address, presumably so they have somewhere to send your NFT should you be quick enough.
I didn’t see where my wallet keys are though… hmmm.
Still, one thing is clear, if Shiba Inu is on the rise then even bigger gains are set for other popular coins, especially meme-related ones.
Bitcoin Cash Got Its Time to Shine, But Don’t Get Too Pumped
Bitcoin Cash isn’t a meme but it’s another very well-established coin with a market cap ranking of 25. Bitcoin Cash rose dramatically in June with a pump of 195%. Now, before you mortgage your house to ape in, take note.
The dramatic rise came after Bitcoin Cash got listed on the new crypto exchange EDX alongside blue chips like Bitcoin, Litecoin, and Ethereum. With backers like Schwab and Fidelity, EDX aims to avoid SEC heat by only listing the most decentralized coins.
Investors saw the EDX badge of approval and rushed to snap up coins, sending the price orbiting.
In general, though, we see almost no development or activity for Bitcoin cash, except for random accounts shilling it on crypto X.
The recent price action (or lack of!) for Bitcoin Cash, proves the point. Bitcoin Cash is down almost 7% on the 30-day charts. This is likely because the EDX news doesn’t matter anymore. Why? if the SEC is prepared to grant Spot ETFs for Bitcoin and Ethereum, this means they aren’t securities, and the assumption is that this rule will follow for other cryptos too.
There’s a way better alternative for those looking for the next big price rally, and that’s Meme Moguls.
What is Meme Moguls and How High Can It Go?
According to the devs, Meme Moguls will be “the world’s first meme-backed stock exchange”. Essentially it’s a Play to Earn game for meme lovers and a social platform to connect people who want to socialise, compete, and trade memecoin alpha.
Without memes, we wouldn’t have Doge, Pepe, or Shiba Inu, and all internet chats would be limited to smilies and stickers for fun ways to express things. If you’re in any crypto-based Telegram or Discord chats, then you’ll know that memes form an essential part of communication, keeping the serious topic of finance mixed with lighthearted banter.
For those that just can’t get enough, Meme Moguls will be a blessing, because players can use their meme knowledge to build avatars and trade in a meme fantasy league. There will be rewards in the form of NFTs of memes and meme-based assets, and MGLS, the native token.
MGLS has just risen in price by 10% and is projected to rise by a further 990% in the presale alone. And if, as we suspect, the memecoin community rallies around this project, then life-changing gains could be made with small capital, just as many have gotten from coins like Shiba Inu, Grok, Good Gensler, CZ and more. The token is currently available at $0.0021.
