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Shiba Inu (SHIB), the canine-inspired cryptocurrency, is falling, prompting many to look for alternative memecoins. In the pre-sale phase of it, Meme Moguls may surpass Shiba Inu in the coming days.
Can Meme Moguls surpass Shiba Inu?
Meme Moguls is a new blockchain-based game that allows users to invest in internet memes as assets and create meme-focused portfolios.
Its MGLS token has a dual purpose: in-game currency and governance token for the ecosystem.
Unlike meme-themed cryptocurrencies like Shiba Inu, which primarily gain value from hype, Meme Moguls aims to create an interactive platform for users to engage with meme culture through trading and sharing.
The project claims to be the first to allow investing in individual memes using a stock-like system.
MGLS grants its holders special privileges such as trading capabilities, staking rewards, voting rights, and access to exclusive features.
The token is currently in a pre-sale phase with a price of $0.0021 but is expected to rise in the coming stages.
Early pre-sale participants can also get staking benefits and limited nft rewards, including the chance to win a $10,000 prize at the end of each stage.
Shiba Inu rose 1,600,000% in 3 years
Despite being under pressure, SHIB rose 20% last week, in line with the broader crypto market.
Data from CoinMarketCap indicates a consistent negative trend in net SHIB exchange flows throughout the week, meaning more coins were withdrawn than deposited.
There are signs that SHIB may recover. The active burning rate reduces available supply, potentially supporting prices.
In August, Shiba Inu celebrated its third anniversary and recorded a return on investment (ROI) of 1,600,000%. This means that an initial investment of $100 would now be worth around $1.6 million.
Investors are eyeing Meme Moguls as interest in meme-based altcoins grows, hoping they will follow the path of Shiba Inu.
For more information on Meme Moguls (MGLS) pre-sale:
Website: https://mememoguls.com/
Buy pre-sale: https://app.mememoguls.com/sign-up
Twitter: https://twitter.com/meme_moguls
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