Although the crypto bull run has started to slow, crypto majors continue to make gains. Solana is up 21% in the last week, and other altcoins have stabilized after a recent correction. Analysts speculate that Solana could hit $100 by the end of 2024. At the same time, a new crypto, Meme Moguls is promising significant returns of 50x+ and has already sold out during the first phase of its presale.
Solana Grows 785% In A Year
Solana’s (SOL) bull run has taken Solana to a new annual high. Following an 11.25% rally, Solana is now trading at $105.98. Solana’s value has increased by over 785% in the last year, making it one of the most promising cryptocurrencies of 2023.
However, while Solana holders celebrate this new annual high, a recent crypto whale acquisition suggests that bearish movements could be on the way. According to Whale Alert, one crypto whale transferred 582,198 SOL (worth over $50 million) to another wallet.
While it’s difficult to determine the reason behind this transaction, some analysts believe the whale may be trying to diversify their portfolio. Other analysts suggest that this could be an over-the-counter (OTC) transaction, though the reason behind the transaction remains unknown.
Meme Moguls Looks To Offer 50x Gains In 2024
Meme Moguls is gaining significant traction during its presale. Having sold out its first round in less than two weeks, the project is taking the market by storm, and analysts predict it could offer 50x returns.
Meme Moguls plays on two of the DeFi market’s most popular niches: play-to-earn gaming and memes. It introduces the world’s first meme stock market, where users can buy and sell memes like they would stocks. This lucrative new game also allows you to learn trading strategies in a virtual stock market, interact with others, and more.
Competition will play an important role in the Meme Moguls ecosystem. To get started, users will be able to enter free tournaments where they will compete with others to make the most profit. As they gain experience, they can up the stakes with paid tournaments and winner-takes-all events. Furthermore, users will also be ranked in a wealth leaderboard, and the top 20 most profitable users will win a prize.
During its presale, Meme Moguls will offer a $10,000 prize during each presale stage, and token holders will be granted several rewards once Meme Moguls launches.
For more information about the Meme Moguls (MGLS) presale:
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.