Recently, the Ethereum (ETH) co-founder Vitalik Buterin suggested a change in this altcoin, aiming to make it cypherpunk again. Alongside this, the DeFi market is witnessing the dawn of an altcoin season with the rise of promising tokens like Meme Moguls (MGLS) and Solana (SOL). While you may be familiar with SOL, MGLS is a new ICO in Stage 3 of its presale that has already raised $1M. Some experts even foresee its value skyrocketing by 100x in 2024. Find out why.
Ethereum News
In a recent blog post, Ethereum (ETH) co-founder Vitalik Buterin stated that he wishes to bring back ETH’s roots as a cypherpunk platform. He expressed concerns that Ethereum’s original vision began to fade in 2017 when an explosion of DeFi applications occurred on the network.
In terms of the Ethereum coin value movement, it has increased from $2,317 on December 22 to $2,362 on December 29. This bullish trend may continue as over 29 technical indicators are green for the Ethereum crypto.
Because of this, market analysts forecast that Ethereum may be trading at $2,499 in January 2024 – making ETH one of the top altcoins.
Meme Moguls (MGLS): A One-of-a-Kind Memecoin
Meanwhile, Meme Moguls (MGLS) has been buzzing in the DeFi market as it has already raised $1M in Stage 3 of its presale. This is a significant achievement as it shows the crypto community’s interest in this DeFi project. At its core, Meme Moguls will establish a unique play-to-earn (P2E) game where you can engage in virtual stock market trading games.
It incorporates many features, such as simulated investing and head-to-head battles, offering an in-game Marketplace for buying, selling, and trading collected items. While the game is the main attraction, Meme Moguls will also introduce other components in its ecosystem:
- Moguls World: A metaverse where users connect, mine tokens, join liquidity pools, and stake their tokens.
- Staking: Staking involves contributing existing tokens to the Meme Moguls staking pool to earn additional MGLS tokens.
The native token, MGLS, is a governance tool and in-game currency within the Meme Moguls ecosystem. Holding this token will bring you governance voting rights and offer access to staking rewards. It costs just $0.0025 – a 31% ROI for those who bought it early on.
Projections from Statista point to a $6.1B value for the meme industry by 2025, further fueling anticipation for Meme Moguls. Analysts foresee a potential surge to $0.19 by 2024, implying a 100x ROI. Buying this altcoin now also comes with an added incentive of a 15% deposit bonus, so follow the links below if you are interested.
Solana Price Prediction
According to crypto analyst Rekt Capital, Solana (SOL) saw a successful retest at the $98 level. In terms of the Solana price movement, it has jumped from $98.38 on December 28 to $108.66 on December 29.
When we look at its technical analysis, we can notice that Solana recorded 17/30 (57%) green trading days over the last month. Additionally, this altcoin now trades above its 50 and 100-day EMAs.
As a result, market analysts predict that the Solana price will hit $120 by the end of January 2024.
Final Thoughts
While Ethereum may be returning to its roots, interest in Meme Moguls and Solana will rise as prominent altcoins. However, one of them stands out – Meme Moguls. Thanks to its low market cap of $7.5M, MGLS will surge much faster than its peers as fewer new funds are needed for its price to grow. On the other hand, ETH and SOL’s market caps sit at $284B and $46B, respectively. Because of this, MGLS looks to be the top ICO anyone can invest in now.
