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Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are struggling. Meanwhile, pre-sales for Meme Moguls have raised over $2.3 million.
Meme Moguls pre-sale reaches $2.3 million
tycoon memes It is popular due to its unique play-to-earn gameplay and token utility.
Through this project, users can earn rewards, climb leaderboards, stake meme-inspired assets, and earn rewards and NFTs.
Additionally, Meme Moguls offers an exclusive trading environment where traders can share their skills and access various investment opportunities.
Your native token, MGLSIt is the lifeblood of the ecosystem, providing governance rights, market access and potential growth.
The platform has a valuation of $2 million, as MGLS is trading for $0.0036 at the current pre-sale stage.
Dogecoin dominance declines
Dogecoin is down 11% and 21% in the last week and month, illustrating that the viability of the meme coin depends on its utility.
The meme coin used to be popular due to endorsements from major figures like Elon Musk, and was even accepted as a payment option by X and SpaceX.
Shiba Inu fighting
Shiba Inu rallied in the last bull cycle of 2021.
Its creator, Ryoshi, is anonymous.
Shiba Inu declined 23% from mid-December to the New Year.
At the same time, Shibarium, its layer 2 platform, also saw a decline in daily transactions and user activities.
Despite having millions of holders and a high market capitalization, Shiba Inu is still recovering from the effects of last year's bear run.
Conclusion
Dogecoin, Shiba Inu and other meme coins are under pressure. However, Meme Moguls is successful as the platform is now worth $2 million. Supporters expect more profits, citing the unique play-to-win system and the utility of Meme Moguls tokens.
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