Shiba Inu’s scalability platform, Shibarium, experienced a 50% surge in transactions in the last 24 hours. This has caught investor’s attention and increased Shiba Inu’s value by 1.6%. Investors are now asking if Shiba Inu will follow Bitcoin and Meme Moguls’ surge.
Could Shiba Inu Surge Following Shibarium’s Growth?
Shibarium experienced a noticeable surge in transactions over the last 24 hours. Transactions increased from 29,280 to 43,960. This has put the Shiba Inu ecosystem in the spotlight, and driven up the price of SHIB by 1.6%.
However, Shiba Inu’s growth still remains in the red. Over the last month, Shiba Inu is down by 12.4%, and its daily trading volume has fallen below $130 million. This decline leaves Shiba Inu in a vulnerable position, as new meme coins such as BONK have seen returns of over 1,000% in just three months.
Nonetheless, Shiba Inu investors remain optimistic. The Shiba Inu ecosystem continues to be one of the fastest-growing DeFi projects in the world. With new collaborations and developments on the way, analysts predict that Shiba Inu will experience a bull run this year, with some suggesting that SHIB could hit new annual highs.
Will Bitcoin Pass $50k?
After the release of a Bitcoin ETF in January, investors worldwide are bullish about Bitcoin’s growth in 2024. In April, Bitcoin will experience a halving event. Historically, this event has driven up Bitcoin’s price, leaving investors to speculate how high Bitcoin will go this year.
Bullish predictions suggest that Bitcoin could pass $60k, while more bearish predictions suggest that it could hit $50k. At the time of writing, Bitcoin was trading at $43,499 and was up by 10.65% in the last 7 days.
Meme Moguls Prepares For Significant Growth In Q1
Meme Moguls is continuously making headlines following its strong performance over the last two months. This exciting new project showcases a unique DeFi application that could disrupt the P2E market.
Since its presale started, Meme Moguls ($MGLS) has increased in value by 90% and is now on track to hit a $2 million milestone. On its current trajectory, Meme Moguls will offer better returns than Shiba Inu and Dogecoin over the next year.
Meme Moguls introduces the world’s first meme investment platform. This will work like a virtual stock market where investors can build a virtual portfolio of meme assets. Nothing like this has ever been created, which has helped Meme Moguls instantly stand out in the presale space.
Within its ecosystem, investors will be able to win lucrative rewards, compete in tournaments, and engage in a bustling community. As part of this community, investors will be ranked on the game’s leaderboard. The top 20 ranked players will earn the status of “Moguls” and will earn a share of a monthly prize pool.
Meme Moguls is currently in the 5th stage of its presale. Its $MGLS token is available for $0.0036, and early investors will have the chance to win prizes during each presale stage. These prizes will include gadgets, cash giveaways, and holidays.
Given its potential, experts are extremely bullish about Meme Moguls and predict that it will hit highs of $0.19 within a year of its launch.
