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ethereum (eth) remains resilient, trending above $2,000 amid the overall market slowdown. Shiba Inu (SHIB) has made significant progress, particularly with the launch of the Shibarium Layer-2 network. Meme Moguls (MGLS) is holding strong as it nears the conclusion of the Beta pre-sale stage, generating considerable investor interest.
ethereum accumulating
ethereum is in an accumulation stage after news of BlackRock applying for an ethereum spot ETF.
Layer 2 network Blast has bridged over $230 million in eth cryptocurrencies and stablecoins.
Over the past week, eth rose from $1,918.55 to $2,108.59. Its market capitalization currently stands at over $253 billion, with an average trading volume of over $17.3 billion.
Overall, eth prices are up 75.4% on the year. However, analysts predict that the coin will trade above $3,100 by 2024.
Bullish Shiba Inu
Shiba Inu has been going strong for the last month. SHIB prices have increased more than 14.5 million percent since 2020, establishing the relevance of meme coins in cryptocurrencies.
The success of the Shibarium network further underlines its growing importance.
Shibariumscan blockchain explorer data sample that the network has processed more than 4.1 million transactions and has more than 1.2 million wallet addresses.
Last week, SHIB ranged between $0.00000780 and $0.00000884.
This trend appears to have reinforced analyst sentiment, with SHIB price predictions suggesting a potential rise to $0.000013 by the first quarter of 2024.
Meme Moguls encourages community building
While ethereum and Shiba Inu are bullish, tycoon memes It also shows potential.
The platform plans to introduce a new approach to trading meme-inspired assets, merge cryptocurrencies with memes, and encourage community building.
Meme Moguls will feature the Moguls Exchange, where investors will be able to trade, climb the leaderboards, and even earn rewards for their participation. Additionally, it will offer a play-to-earn (P2E) experience through Meme Moguls Fantasy Trader.
Users will also gain access to Moguls Land, a metaverse where they can perform various activities.
MGLS, the platform’s native token, is used for staking.
MGLS is trading at $0.0021 at the current pre-sale stage, but analysts expect more gains at launch.
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