Crypto analyst predicts Bonk to reach $10B market cap, traders pick Meme Moguls to rally 1,000%

December 11, 2023 04:13 AM PST | By Invezz
Follow us on Google News:

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.

>> Can You Predict The Next 1000x Meme Coin? Become A Meme Mogul Today <<

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.

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. 

Conclusion 

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:

The post Crypto analyst predicts Bonk to reach $10B market cap, traders pick Meme Moguls to rally 1,000% appeared first on Invezz


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.



Top Listed Companies