Solana (SOL) is making headlines due to reaching significant milestones with its market cap. It recently claimed the fifth place, following its surge of 1,051% in the past year. Ripple (XRP) also saw progress in an upward direction and could soon see a major upswing based on the latest projections. Meme Moguls (MGLS) also captured trader appeal as it is halfway through Stage 4 of its blockchain ICO. We will go over all three to see just how far they can rise.
Solana (SOL) Increased by Over 1,000% This Year – To Surge Above $190
Solana’s (SOL) trading data indicates a total price increase of 1,051% year-to-date (YTD). In the past 30 days alone, it’s up 78%, and during the past week, Solana moved up from $92.17 to $123.68. The catalyst for this growth was the rapid increase in the transaction fees of Ethereum, a competing blockchain.
This drove customers towards the less expensive Solana network, increasing its transaction volume and marketplace value. According to the on-chart data, the Solana price prediction puts it at $190.70 by the end of 2024.
Ripple (XRP) Remains Bullish and Is Supported by the 200-Day EMA
The Ripple (XRP) crypto has remained bullish for the short and long term. Buyers are active near the demand zone and might show a decent bounce in the upcoming Ripple altcoin trading sessions. The XRP crypto initially faced rejection from the $0.7 level, yet it has since retraced back to the 50-day EMA.
The presence of sellers is also visible, as they are trying to pull the Ripple price down below this EMA. The 200-day EMA is now supporting the bulls, so it will be difficult for the sellers to take control of the demand zone. According to the Ripple price prediction, it can reach $1.11 by the end of 2024.
Meme Moguls (MGLS) to Introduce a P2E Ecosystem With Earning Opportunities
Meme Moguls (MGLS) has also seen bullish momentum as it will introduce an innovative approach of simulated trading coupled with Play-to-Earn (P2E) elements.
Throughout the platform, users will be able to practice their trading strategies. As a result of this, they can gain more confidence and get higher ROI potential. The ecosystem is powered through the Moguls Governance Token (MGLS), which will play a major role in its operation.
● There are a multitude of different purposes and use cases for it. Users can unlock exclusive features and influence the platform’s decision-making through the decentralized governance model. This will make it a community-driven platform.
● As for its other features, each player can begin accessing simulated trading with a starting balance of $100,000 in virtual currency. They can also access a Farming Program to engage with staking pools.
● By staking the MGLS altcoin balance to the staking pool, they can get fixed passive capital gains that are distributed monthly.
Players can also compete with others, climb the leaderboards, and unlock Moguls’ status for the highest reward. The ecosystem will even feature NFTs that can enhance trading capability and improve trading conditions.
Summary
Aside from Solana and Ripple, Meme Moguls has stood out with its blockchain ICO. During its crypto ICO, the project has reached Stage 4, where MGLS is offered at $0.0027.
So far, the project has raised $1.4 million and has emerged as one of the most exciting new altcoins to get into. At launch, analysts project an upswing of 100x.
For more information about the Meme Moguls (MGLS) Presale:
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