Will Shiba Inu (SHIB) Reach $0.00002000 In 2024?
Shiba Inu is a memecoin that rose to fame in 2021 by copying the Dogecoin playbook of using a beloved dog as its mascot. Early buyers of Shiba Inu saw a massive return on their investment, with the coin’s value surging by more than 1000x in less than a year.
With a current market cap of $5.66B, Shiba Inu isn’t far from achieving its ultimate goal of ‘killing’ Dogecoin ($11.53B market cap) to become the top dog of memecoins. However, Shiba Inu is more than 500x the valuation of Meme Moguls, so the potential gains are less significant.
Still, holders of other cryptos are switching to Shiba Inu due to the consistent innovation from the team. For example,Shiba Inu has just launched an NFT clothing collection with Busta Rhymes. This adds to the decentralized exchange, layer-2 protocol, and multi-coin ecosystem.
Pricewise, Shiba Inu is now trading at $0.000009559 after starting the year at $0.000008000. Market analysts note that there is heavy resistance sitting at $0.00001000 to $0.00001100, but if Shiba Inu breaks through, it could potentially reach $0.00002000 by the end of 2024
Investors Flock to Meme Moguls (MGLS) for Potential 100x Growth
Investors who missed out on Shiba Inu’s early gains are looking for the next big memecoin opportunity. With its attractive combination of gaming, education, and rewards, Meme Moguls could be just that.
This play-to-earn platform enables users to step into a realm of virtual meme trading. So get ready to channel your inner Elon Musk and invest your way to the top of this revolutionary new trading virtual platform. The fun is big, but the rewards are bigger!
Users compete with friends and other players through simulated investing to build the most successful meme portfolio. Those who use the investment strategies to their advantage can turn simulated profits into real cashable returns.
The MGLS token is the native currency within the Meme Moguls ecosystem. Holding it comes with staking rewards, governance rights, and funds to purchase items from the in-game marketplace.
Investors can now purchase MGLS tokens at a reduced price of $0.0027 during stage 4 of the Meme Moguls presale. This price will keep increasing in each presale stage, so early investors stand to make the most gains.
Market experts have pointed out that Meme Moguls distinguishes itself within the saturated memecoin arena through its unique combination of gaming, educational elements, and substantial rewards.
This unique mix positions Meme Moguls favorably for substantial growth, with analysts suggesting that a 100-fold increase in its value as it enters the broader market is within the realm of possibility.
Ethereum (ETH)’s Fee Surge: A Roadblock or a Path to Innovation?
According todata from Ycharts, Ethereum gas fees have risen 141% in the last year to a current fee of 0.9084 USD/tx at the time of writing. These Ethereum fees rise when the network is congested, making transactions more expensive and slower.
Ethereum’s rising fees have caused layer-2 solutions such as Arbitrum to gain popularity as they offer faster and cheaper transactions. However, Ethereum’s modular approach could take some time to come to fruition, and in the meantime, many investors are turning to alternative cryptocurrencies.
The EIP-4844 upgrade is another potential solution to the high fees on Ethereum, as it uses blobs to make it cheap to send layer-2 data to the mainnet. EIP-4844 is due to go live in the first half of 2024.
Pricewise, Ethereum has recently breached the $2,130 resistance level that had held the price down for more than a year. However, the momentum has stopped, and the price is now consolidating beneath the $2,400 level. The potential for aspot Ethereum ETFcould be the next big catalyst as it opens up the market to a broader investor base.
For more information about the Meme Moguls (MGLS) presale follow the link below:
Website: https://mememoguls.com/
Twitter: https://twitter.com/meme_moguls
