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Shiba Inu (SHIB) is the second-most-popular meme coin and has once again caught the attention of traders following a recent analysis by market expert Jake Wujastyk, who’s pointing to a potential breakout. Immutable (IMX) is also bullish on the chart and has witnessed an upswing of 100% in the past month. Meme Moguls (MGLS) is a new meme coin that is seeing projected returns of 100x, so let’s look at the prospects for each of these cryptos to see which one will come out on top.
Immutable (IMX) Breaks Past $1.70 – Is a Climb Above $2 Possible?
Immutable (IMX) showcased a bullish level of performance during the past month as its price climbed by 100%. The IMX price needs to remain above the 50-day EMA in order to maintain this bullish momentum. Short-term bulls are attempting to break out of the $2 resistance point but have so far only pushed the Immutable price to $1.80. During the past week alone, IMX spiked 27%.
If the immutable price manages to sustain the price above $1.70, its bullish patterns can be repeated. According to the latest on-chart metrics, the Immutable price prediction puts its value at $2.2 by the end of 2024.
Shiba Inu (SHIB) Can Surge in Value According to Jake Wujastyk
Jake Wujastyk is bullish on the future of Shiba Inu (SHIB). The candlestick chart published on TradingView indicates that the SHIB crypto could be on the brink of an uprising. The chart showcases that the Shiba Inu price movements are within a descending trendline that’s been in place for numerous months.
The latest price action suggests a bullish reversal with the price poking through a trendline, traditionally signaling a positive trend could be underway. During the past week, the Shiba Inu crypto traded between $0.00000840 on the low end and $0.00001042 on the high end. This marked a total price upswing of 21.7%. According to the Shiba Inu price prediction, analysts are projecting the crypto to reach a maximum value of $0.000017 by the end of 2024.
Meme Moguls (MGLS) to Feature Simulated Investing With P2E Mechanics
Meme Moguls (MGLS) is an upcoming P2E meme token that will feature vast utility. Alongside being used as the in-game currency, it is also the governance token inside the entire Meme Moguls ecosystem. The game lets users learn how to invest and then build digital wealth.
Simulated investing can enable anyone to try out different strategies and discover new tactics while earning cash prizes and meme-themed rewards. Every player starts with $100,000 in virtual cash to create a portfolio. Then, they can complete challenges to turn their simulated profits into real cashable returns.
Players can only invest up to 20% of their virtual cash portfolio in a single investment. To get more MGLS tokens, players can contribute their existing tokens to a staking pool. By doing so, they can become eligible for rewards based on their share of the pool and the percentage of the annual return. The more tokens they stake, the higher the potential earnings they can make. As a result, its seen as one of the top altcoins for 2023.
Summary
Aside from Shiba Inu and Immutable, another crypto that’s gained a significant level of attention from traders is Meme Moguls. The project is undergoing its crypto ICO phase, where it is currently at Stage 1 of the presale. It’s offered at $0.0021, and at launch, analysts project 100x in returns for early investors.
There will also be a $10,000 giveaway at the end of each presale stage for one lucky winner who’s the most active on X (Twitter), and there will be a farming program where users earn coins by working on the project.
For more information about the Meme Moguls (MGLS) presale visit the website here: https://mememoguls.com/
