Concerns ahead of Bitcoin halving, BTC holders considering Cardano And Meme Moguls
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Despite Bitcoin’s (BTC) established reputation, the upcoming fourth halving event has instilled concerns among crypto investors regarding its impact on price volatility. This has prompted a shift towards newer projects, with Cardano and Meme Moguls, currently in its presale phase, emerging as options.
Experts cast a shadow on the upcoming Bitcoin halving
Following the recent bullish market conditions, there is fear, uncertainty, and doubts (FUD) around Bitcoin’s upcoming halving scheduled for April 2024.
Historically, Bitcoin halving events have supported prices.
However, the upcoming halving may differ since Bitcoin has been volatile in the past two years, discouraging risk-averse investors.
Additionally, the current global economic conditions may also harm BTC’s plans.
Currently, BTC is up 4% in the last week, trading at $42,102.30.
Whale transacting on Cardano
Cardano has been firm in the past week.
In the past 30 days, ADA rose 68% to around $0.62.
Following these gains, more whales have been transacting on Cardano.
According to IntoTheBlock, Cardano’s whale transactions surpassed $1.5 billion.
Analysts expect ADA to continue growing if more whales use the network.
Meme Moguls aims to disrupt the meme coins sector
There has been a surge in the meme coin sector in recent years, with over 250 tokens circulating.
However, most coins lack practical utility, relying solely on speculation and hype.
Meme Moguls aims to disrupt the meme coin market by introducing a token with tangible use cases.
Unlike conventional meme coins, MGLS, Meme Moguls’ native token, will serve multiple purposes. It will act as the in-game currency for the Meme Moguls game, a platform designed to educate users on investing and wealth accumulation through simulated trading.
Players can participate in a virtual stock market, compete with friends, and learn new investment techniques. Additionally, the game offers cash prizes and meme rewards, providing additional incentives.
MGLS will also serve as the governance token for the Meme Moguls ecosystem. Holders will have a say in shaping the project’s future development, granting them a sense of ownership and involvement.
The Meme Moguls platform prioritizes long-term stability by locking team tokens for two years and the liquidity pool for five years.
The first stage of Meme Moguls’ presale is underway, with MGLS currently priced at $0.0021, up from $0.0019 in the last phase.
Meme Moguls will host a $10,000 giveaway at the end of each presale stage to incentivize participation.
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