Forget Christmas, with memecoin season fully underway and with no signs of stopping, where will Dogecoin (DOGE) go next? And what is in store for the presale project – (MGLS) Meme Moguls – that just keeps going up?
Dogecoin’s Price in 2024 and Beyond
For months, crypto’s favorite memecoin was languishing around $0.005-$0.006. But in time for Christmas and NY, throughout December, Dogecoin has been oscillating around $0.009 to $0.010. The reason for this is partly due to the rising crypto market, and also perhaps due to Doginals. Doginals, like Ordinals, are a new way of inscribing NFTs on chains like Bitcoin, Litecoin, and Dogecoin, which all share the same base code.
This proves that adding utility to memes is an important way to increase the price. So what do forecasters see for Dogecoin’s future price action? We decided to look at Binance’s forecasting tool, which gathers data from the people. Especially since Elon Musk says that “Dogecoin is the people’s crypto”.
According to the analysis, the price of Dogecoin could reach $0.130561 by the year 2030, representing a potential increase of around 5% from current levels. Specifically, the predictions show the price reaching $0.097427 in 2024, and then reaching $0.102298 in 2025.
By 2026, the models forecast DOGE potentially hitting $0.107413 before climbing to its 2030 price prediction of $0.130561. This gradual price growth indicates relatively stagnant returns but does point to an overall bullish long-term trajectory for Dogecoin.
Meme Moguls for Better Returns?
Whilst no one really knows how high Doge can go, (especially as it was once worth $0.70 for a brief time), if the predictions of the community are correct, a 5% gain is not really that impressive for crypto. And especially not for a memecoin.
The main problem with Doge is that a lot of people have already invested, and are now turning to newer coins like Bonk, Pepe, and Meme Moguls.
Meme Moguls has already gone up by 30% since it began its presale, in mid-November. But that’s not all. Forecasters are predicting that the coin will reach $0.19 in 2024, representing a massive 6600% increase for today’s holders. The coin is already in stage 3, but has several stages still to go, so it’s a good time for interested people to get involved.
While Dogecoin has received a bump from Doginals, the utility is still minimal. Meme Moguls on the other hand, will be a coin but also a play to earn game with a big community aspect.
The game will be great for those new and experienced in crypto. It will feature a simulated trading game where players get $100k of virtual money to trade and battle each other on the leaderboard.
There are many ways to win, including becoming top of the leaderboard, winning prizes throughout the presale, and entering tournaments.
There are also even more ways to earn in Meme Moguls – including providing liquidity, helping the community, and winning and selling NFTs of crypto’s favorite memes. (These NFTs will provide bonus stats to help players in tournaments).
For long-lasting memecoins, community and utility are key.
MGLS has many use cases such as governance, marketplace trading, and staking. And with Meme Moguls there will be a united team of players who love memes, love trading, and love to hodl MGLS. We’re excited to see what else Meme Moguls brings to the table in 2024.
