The cryptocurrency industry is a vibrant and constantly changing space that presents equal measures of challenges and opportunities. In recent developments, investors are becoming unsure of the profit potential of novel cryptocurrencies like Ripple (XRP) especially as it faces stringent legal battles with the SEC.
Meanwhile, investors are seeking newer projects like Meme Moguls, which seems to offer a much higher potential and is also considered among the best crypto to invest in for explosive profits. The token aims to capture the interest of investors, and rightfully so, experts predict that the token price could increase by 100x in 2024.
Exploring Meme Moguls (MGLS) Approach to Breaking Through The Cryptocurrency Sector
With a captivating story for individuals wishing to invest in cryptocurrencies, Meme Moguls (MGLS) is positioning itself among the best new cryptos to invest in. The innovative project paves a unique route to cryptocurrency dominance by fusing meme concepts and strategic tokenomics.
Meme Moguls presents, among other unique features, a brand-new play-to-earn (P2E) game where users can make money in a dedicated virtual stock market for memes. The platform will enable participants to compete among themselves in both free and paid tournaments, and ultimately get to rank at the top of the leaderboard.
Currently, in stage 4 of its ongoing presale, the MGLS token is selling for $0.0027, up from a distance of $0.001 where it kicked off initially. Due to its unique potential and growing interest, the MGLS token has seen a spike in demand during its current presale, resulting in a nearly 180% increase in price since the commencement of the token presale.
As investors seek to profit from the project’s dynamic price model which promises more increases and exclusive presale prizes, Meme Moguls’ presale continues to gain momentum.
Meanwhile, Meme Moguls is well on its way to establishing itself as a top crypto coin, offering enthusiasts an unmatched and easily accessible trading experience in 2024 with its wide selection of meme assets and real-time information.
SEC vs Ripple (XRP) Legal Saga: Unveiling Key Filings and the Ripple Labs Response
News regarding the SEC vs Ripple (XRP) legal case caught investors’ attention on Thursday. The defense lawyer, James Filan, revealed the most recent court documents in a tweet made on X (formerly Twitter). On Thursday, the SEC moved to compel, asking the court to order Ripple Labs to produce particular documents.
These files include 2022–2023 financial statements and contracts about institutional sales after the Complaint. According to the document, on February 12, Ripple and the SEC must complete discovery relating to remedies.
After the submission of remedy-related arguments and the SEC’s response, Judge Analisa Torres is expected to deliver the long-awaited ruling on the penalty for selling XRP to institutional investors in the US.
However, the $770 million in profits from the sale of XRP will be directed by the SEC toward all institutional investors. These financial statements include sales proceeds and costs associated with XRP transactions and will be accessible to the SEC.
From clear indication, it appears the $770 million in sales profits from XRP coin could decrease for institutional investors due to the case filling in the US. Regardless, Ripple has since requested an extension of two days till January 19th to reply to the Motion of compel.
