The meme coin is blazing hot as new meme coins take the sector for a major rally. Two top altcoins that have soared in this sector are Bonk and Meme Moguls. Crypto Analyst @level941 had forecasted a $10 billion market cap for Bonk. On the other hand, Meme Moguls is gearing up for a 1,000% rally.
Bonk (BONK), the top crypto gainer
A crypto trader on X by username @level941 has been a top supporter of the Solana-based memecoin, Bonk (BONK). The crypto analyst noted that top memecoins like Shiba Inu and Dogecoin reached a market of $40 billion and $88 billion during their market rally in 2021.
He believes BONK could mirror the price trajectory of DOGE and SHIB and rise to a market cap of $10 billion in the coming weeks. According to the crypto trader, BONK must increase 1,327.89% to reach a $10 billion market cap. This will push the price of BONK to $0.0001815986.
Bonk has been on a consistent upward trajectory since late October. Notably, starting from December 2nd, it experienced a 230% surge following its listing on the KuCoin cryptocurrency exchange. In November, the price of BONK increased significantly by approximately 900%. This recently made it one of the most successful assets in the cryptocurrency market.
BONK’s association with the DeFi crypto, Solana, has also played a role in driving up the price of BONK. Meanwhile, BONK’s price continues to climb. CoinMarketCap info showed BONK’s market cap at $741 million, making it the 75th largest token.
Meme Moguls (MGLS) to outperform the crypto market
Apart from BONK, analysts have picked Meme Moguls (MGLS) as the next memecoin to rally. This rally could push the $MGLS token to among the top cryptocurrencies. Let’s see what this project has to offer.
Meme Moguls is a gaming platform that combines fun and education about investing and building wealth. Besides being a memecoin, like BONK, Meme Moguls is a gaming token.
It gives users access to exciting and immersive games and competitions where they can earn tokens and win records. The platform also provides a farming program that caters to new and experienced users. Within this program, users are incentivized for their active involvement in the project.
— Meme Moguls (@meme_moguls) December 8, 2023
The more you actively contribute, the greater your potential earnings become. Another intriguing feature offered is the simulated investing feature. This allows users to engage in virtual stock market trading simulations to explore various investment opportunities.
In this simulation, each participant begins with a virtual sum of $100,000 to construct their investment portfolio. Like real-world investing, participants are advised to diversify their investments and cap a single investment at 20% of their virtual cash portfolio.
This educational approach helps users gain valuable insights into investing and profit-making strategies. Players can contribute their existing tokens to the Meme Moguls staking pool, thus increasing their token holdings. Staking provides participants with eligibility for rewards based on their share of the pool and the percentage of the annual return.
The more tokens you decide to stake, the higher your potential earnings can be. Currently, MGLS tokens are in the initial stage of their token presale, available at a price of $0.0021 per token. Analysts believe the token would rise to the top 5 cryptocurrency after launch.
Looking at BONK’s market rally after launch, it is not news that meme coins have the potential for a massive price level. Those who missed BONK can turn to this DeFi crypto and meme coin, Meme Moguls. The project is still in the presale phase and will launch soon. So get in now, as analysts are forecasting that it could see a 1,000% surge after launch.
For more information about the Meme Moguls (MGLS) presale:
- Website: https://mememoguls.com/
- Buy presale: https://app.mememoguls.com/sign-up
- Twitter: https://twitter.com/meme_moguls
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