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in a recent youtube video, a cryptocurrency analyst predicted that “the cryptocurrency market cycle will soon accelerate into an intense altcoin season.” As a result, investors have been doubling down on altcoins, actively exploring Polkadot (DOT), Meme Moguls (MGLS), and Solana (SOL).
Polkadot expands amid growing network activity
Polkadot has seen a notable increase in user engagement, with the number of new addresses created daily reaching an all-time high this year, as The Block data dashboard reported.
The Polkadot network experienced increased activity of 2023 on Christmas Day, with 7,120 created. This increase indicates growing interest in Polkadot.
Block data showed a 258% increase in new address creation from December 1 to December 26.
Similarly, the daily number of transactions has increased by approximately 21,000% during this period.
Meanwhile, this increase in network activity has positively affected the price of Polkadot.
According CoinMarketCapDOT rose more than 62.3% in December, reaching $9.51.
Solana price prediction for 2024
In the last two months, SOL has been growing steadily.
according to CoinMarketCapSOL increased more than 500% in two months.
Although Solana is still far from its all-time high of $246.67, it has steadily recovered from the 2022 lows, surpassing $100 for the first time in 2023.
For this reason, Solana rose to become one of the top 5 crypto assets.
Market analysts expect SOL to reach $349 in 2024.
Meme Moguls is being explored
In addition to Polkadot and Solana, investors are also considering tycoon memes.
Meme Moguls aims to provide a friendly environment for meme fans and players to socialize and play.
The “wealth leaderboard” is a crucial component of Meme Moguls.
The top 20 players of this game receive a share of the daily income in the form of cash rewards, encouraging friendly rivalry.
Players rise through the ranks by participating in numerous events and tournaments. This strategy results in an attractive and dynamic gaming environment.
Meme Moguls also organizes commercial tournaments, some free and others with an entry fee. Participants compete for cash and unique meme collectibles in tournaments like the popular Pepe.
Players can collect and sell these rare meme items on the market. Here, users can even exchange gaming assets for cash.
Meme Moguls allows users to buy and sell unique nft characters, enhancing their trading powers.
The rarer the nft, the greater the trading benefits such as higher leverage and spreads.
Meme Moguls' ERC-20 token, MGLS, is trading at $0.0027 in pre-sale. However, analysts are optimistic and expect more gains in the coming months.
Conclusion
With the cryptocurrency bull market underway, analysts are optimistic that altcoins will lead. Prior to this, investors have been watching Polkadot, Meme Moguls, and Solana.
For more information on Meme Moguls (MGLS) pre-sale:
Visit Meme Moguls | Join the community
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