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Despite the minor setback in the crypto market – with the news that the XRP spot Blackrock filing was a hoax, and some underwhelming US economy data, the overall market looks bullish. Memecoins like DOGE are rising and Bitcoin is holding up above the $35,000 psychological level.
In this article, we ask if Dogecoin can reach $0.01, and we also explore another interesting memcoin that could leave DOGE in the dust.
Dogecoin – the King of Memecoins?
As the very first ever memecoin, Dogecoin is still one of the biggest, and the most profitable if you were holding it since 2013 (which not many people are!).
According to CoinMarketCap, Dogecoin was at its all-time high of $0.7376 in May three years ago. So we know that $0.01 is definitely possible for the coin. But we also know that there are a lot more cryptos now than three years ago, and many more memecoins.
According to the Wall Street Journal, it was leaked that Elon Musk is secretly funding Dogecoin’s development and presumably integration with X (formerly Twitter). However, this wouldn’t be the first time that false rumors have been spread about (and sometimes by) Musk and his crypto involvement.
Coinpedia, CryptoNewZ, and Coincodex all have bullish predictions that see Dogecoin going anywhere from $0.03 to $ 0.318080 by year-end or at some point in 2024. So it seems that the analysts see that $0.01 is an easy target. But also that no one seems to know.
Dogecoin is currently up by 22% on the monthly and down 1.87% in the last 24 hours.
Meme Moguls – one coin to rule them all?
If Dogecoin is the king of Memecoins, what if there were a way to harness the power of all memes, whilst holding a brand new token, predicted to rise by 120x?
That’s the question we found ourselves asking when we heard about Meme Moguls, a new token and stock exchange for memes. Their token is called MGLS and it underpins the Meme Mogul ecosystem. This new token is the reward token for the Meme Mogul trading platform and Play to Earn game. The concept is all about moguls like Elon Musk, except instead of waiting for famous tweets to move the market, people use their meme knowledge to get ahead of the pack. There will be lots of ways to participate and win on Meme Moguls, but for now, what we are most interested in is the MGLS coin itself.
It’s in the very first stage of the presale, priced at $0.0019, and if our sources are correct it will launch at $0.19. That’s a gain of 1,000%, as opposed to around 80% if Dogecoin hits the $0.01 mark. And that’s before it even gets listed on exchanges. As an extra incentive, the team behind the project is rewarding one investor with $10,000 at the end of each presale phase.
If the Meme Moguls team can harness the meme asset-led community, (and we think it can), then MGLS will be the one coin to rule them all!
