Solana rallied by more than 400% in 2023 to become one of the best-performing cryptocurrencies in the market. Experts believe this is just the beginning for Solana, with predictions of a 50x surge in 2024. Another crypto that has gained attention recently is Meme Moguls, which is now in the fourth presale stage after selling out the previous three rounds at breakneck speed. Let’s go over the details.
Meme Moguls (MGLS): 50x Pump Incoming?
The Meme Moguls P2E game offers a unique opportunity for players to immerse themselves in the world of memes and trading, learn valuable financial skills, and earn real rewards — all within a supportive community environment.
Players start with $100,000 in virtual currency and can utilize trading strategies to grow their portfolio. The goal is to channel your inner Warren Buffet to top the Wealth Leaderboard and win “Mogul” status, which comes with passive income and other perks.
But you don’t have to be the #1 player to win, as there are several game modes to play, including 1v1 battles, free and paid tournaments, and the “Beat the Market” challenge, where you try to beat the performance of the S&P500 and other major indices.
Earnings in the game come in the form of MGLS tokens, which players can earn through various activities like winning competitions, completing challenges, or climbing up the ranks in the Wealth Leaderboard.
These tokens can then be staked in liquidity pools, offering another avenue for earning within the game’s ecosystem. This mechanism not only incentivizes gameplay but also introduces players to concepts like staking and liquidity in the crypto world.
However, the realm of rewards extends even further! Users can seize opportunities to acquire NFTs through their engagement in the ecosystem and accomplishments in gameplay. These NFTs can be leveraged for profit or utilized to enhance trading capabilities.
The MGLS Presale: An Ongoing Success Story
The fourth presale round is now open after the first three presale rounds sold out in record time. MGLS tokens are priced at $0.0027 in this round, but the price is set to increase with each presale round. This not only creates scarcity but also rewards early investors who believe in the long-term potential of the Meme Moguls platform.
In addition, the Meme Moguls team will be holding a $10,000 giveaway at the end of each presale stage. There are so many opportunities to get involved and reap the rewards of this explosive new platform.
With the meme market currently valued at over $20 billion (according to CoinMarketCap), analysts are confident that Meme Moguls could achieve a billion-dollar market capitalization. Recent instances, like Pepe’s rapid ascent from zero to $2 billion in just a few weeks, demonstrate the feasibility of such a feat.
Solana (SOL) Rises Like a Phoenix
In 2022, Solana (SOL) was generally regarded as a dead project that existed only as Sam Bankman-Fried’s pet project. Fast forward to 2024, and Solana has emerged from the ashes like a phoenix to become one of the top cryptocurrencies in terms of market capitalization.
Boasting a Total Value Locked (TVL) exceeding $1.4 billion and surpassing 50 million daily transactions, it is time to acknowledge that Solana is here to stay. In fact, many analysts believe that Solana’s monolithic architecture trumps the modular approach of Ethereum.
While Layer-2 scaling solutions and the upcoming Dencun upgrade are coming to Ethereum, Solana is already built for mass adoption. The rust-based platform could play catch up to Ethereum’s massive market cap of $317 billion if the current trends continue.
In addition, the Solana development team is continuously innovating. A notable project underway is ‘Firedancer,’ a new validator client by Jump, aimed at enhancing both decentralization and performance.
Solana (SOL) Price Prediction for 2024
2023 began with Solana valued at around $8, but it ended the year above $100 as the bullish market sentiment took hold. After correcting from the local high of $120 to $85, Solana is again trading at $104 as ETF mania sweeps the market.
The $120 mark represents a crucial threshold for Solana. Should it break above this level and consolidate, we could see a price surge to an all-time high of $260 in months. It’s then just a matter of time before the 2021 high is smashed and price discovery takes over.
Some analysts are extremely bullish and believe Solana could reach $5,000 before the end of 2024. This prediction is born from the idea that Ethereum cannot keep up with demand, leading to a mass migration of users and developers to Solana.
However, such a price rise would mean a market cap of nearly $3T. While this may be possible in the long term if Solana becomes the foundation for the new internet, it may be an overestimation for 2024.