Shiba Inu and Dogecoin Experience Price Drops, Meme Moguls Sees Growth
Shiba Inu (SHIB) and Dogecoin (DOGE) have both faced significant price drops in January, with SHIB falling by over 20% while Meme Moguls (MGLS) experienced a 90% rise in its presale.
Shiba Inu Burn Rates Surge
The Shiba Inu network has burned more than 115 million tokens in the past day. Despite new updates from developers, SHIB prices have fallen. Currently, SHIB is trading at $0.000009053 and remains relatively stable.
Dogecoin’s Network Activity Rising
Rumors of DOGE being integrated into X’s X Payments have caused Dogecoin to rise. More wallets are being created, and Dogecoin adoption has increased by 86%. The release of a popular game on the Dogecoin blockchain has also contributed to this surge in activity. DOGE is currently trading at $0.07953 with a daily trading volume of $232 million.
Meme Moguls Gains Momentum
Meme Moguls is launching a game preview showcasing its features and modes. The Meme Moguls presale will end soon, and phase 1 of the game launch is scheduled for March. Experts predict that MGLS will rally in the coming months. Currently, MGLS is trading at $0.0036 but is expected to rise to $0.0042 in stage 6 of the presale.
Hot Take: Cryptocurrency Market Volatility Continues
The cryptocurrency market remains highly volatile, as evidenced by the price drops experienced by Shiba Inu and Dogecoin. While both coins have faced setbacks, Meme Moguls has shown promising growth in its presale. It’s important for crypto investors to stay informed and conduct thorough research before making any investment decisions in this ever-changing market.