Solana (SOL)’s 200% monthly rally and Meme Moguls (MGLS)’s presale success have made them the most fancied cryptocurrencies among experts. But while these two cryptocurrencies are gaining momentum, the Monero (XMR) community has started protesting against ‘Mordinals’ coming to their blockchain. Let’s dive deeper into these two contrasting situations.
Solana (SOL): Gaining Ground in the Layer-1 Race
Solana (SOL) has emerged as one of the strongest cryptocurrencies in the market, with a 200% monthly rally. Experts are now predicting this is just the start of a much larger pump toward a $200 billion market cap. The reason for this rally is quite simple: Solana has addressed the scalability issue other blockchain networks face.
Experts in the field view Solana as a key player in the emerging landscape of decentralized finance (DeFi 2.0), potentially closing the gap with Ethereum. This is partly evidenced by Solana’s daily transactions recently outpacing Ethereum’s by 50 times.
Solana could be about to get even better with the launch of the Firedancer validator client. Built by Jump — experts in building high-frequency trading applications — this new client will make Solana even faster and more reliable than before.
The potential for Solana to witness a 20x increase in price is not out of the question, particularly if it continues on its current path of growth and adoption. The $80 mark is seen as the next critical resistance level to overcome for a significant upward trajectory.
Meme Moguls (MGLS): Revolutionizing Trading with Memes
Meme Moguls (MGLS) is a play-to-earn memecoin that aims to capitalize on the popularity of meme culture and create a decentralized platform where users can trade stocks based on internet memes. This is the first platform of its kind, so it’s understandable why experts are excited about its potential.
Meme Moguls is inspired by the success stories of visionaries like Elon Musk and Warren Buffett, embodying the spirit of innovation and financial acumen. Do you have what it takes to be a successful meme trader? With Meme Moguls, you can put your skills and knowledge to the test.
Meme Moguls ( $MGLS ) Official Links 🐕🐸🐻
ALWAYS. VERIFY. pic.twitter.com/5ui7MPkI5Y
— Meme Moguls (@meme_moguls) November 20, 2023
At the core of the Meme Moguls ecosystem is the MGLS token that facilitates all platform transactions. This token is multifunctional, as holders can use it to participate in governance decisions, access exclusive features, and earn rewards for providing liquidity.
Meme Moguls will feature a Wealth Leaderboard to fuel competitive spirit among users. This leaderboard challenges participants to outperform other moguls through the platform’s fantasy trading game or other trading activities, aiming to climb to the top and achieve recognition within the community.
The platform also offers a range of exclusive rewards that go beyond typical trading profits. These include unique Non-Fungible Tokens (NFTs), special privileges, and achievements designed to enrich the user experience and reward active participation.
While Meme Moguls is yet to launch officially, they are offering the MGLS token at an attractive price of $0.0021. This rock bottom price presents a golden opportunity for early adopters to secure a significant position in the ecosystem, especially with analysts forecasting a potential 1,000% increase in the token’s value by the end of the presale.
Monero (XMR) Community Protests ‘Mordinals
Monero is a cryptocurrency that prioritizes user privacy and security through its anonymity features. However, recent events have caused uproar within the Monero community. The suddenly popular Bitcoin “Ordinals” have made their way to the Monero network, and many community members are unhappy about it.
“Mordinals” refers to enabling inscription data on transactions, meaning images and other data can be added to blockchain transactions. Mordinals utilize the “tx_extra” field within Monero transactions so that they will remain anonymous — so why is there so much backlash?
The main concern is that they will cause the Monero block sizes to expand so much that they will halt the entire network. There are also concerns that Mordinals will be used to score illicit images on the Monero network.
Monero’s current price of $168 reflects a significant 68% drop from its all-time peak of $517, reached in 2021. During that bull market cycle, Monero’s price increased by about 300% as other coins, like Solana and Cardano, pumped more than 20,000%.
Monero is slipping behind newer projects like Meme Moguls, launching on the back of powerful narratives and growing communities. While the price of Monero should pump to $280 if it can break out of the declining trendline, it will be hard to keep up with MGLS and SOL if it’s not some extreme privacy-related news.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up