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The post Milkyway Introduces a Liquid Staking Protocol for Celestia (TIA), Shiba Inu (SHIB) Struggles as Meme Moguls’ (MGLS) Adoption Rises appeared first on Coinpedia Fintech News
The decentralized exchange platform, MilkyWay, introduced a liquid staking protocol for Celestia (TIA) tokens, enabling users to stake and receive milkTIA, a more efficient alternative to traditional staking. In other news, the massive adoption that Meme Moguls (MGLS) are predicted to amass might be too challenging for Shiba Inu (SHIB) to match up with.
Celestia Users Can Now Trade and Stake TIA Tokens Flexibly
Celestia, a modular network that helps other blockchain networks with their data and agreements, released it for everyone to use on the Cosmos network in October. However, validators had to use the Celestia token (TIA) to make it secure.
But now, MilkTIA lets users keep their Celestia tokens flexible, not stuck for a long time. You can trade them or use them in DeFi apps, and unlike other networks, you won’t have to wait for 21 days to get your tokens back.
MilkyWay made this without needing a special main blockchain. They used smart contracts on Osmosis, which is like a hub for finance on the Cosmos network, making staking more flexible on the Celestia network.
Due to this, Celestia price had gone up 15.62% in the last 24 hours, eventually impacting the trading volume which is also up by 9.89% in the last 24 hours. Overall, Celestia holds much more potential for gains and adoption making it a good crypto to buy.
Shiba Inu (SHIB) Losing Trading Volume Today Despite Price Increase and Whale Activity
Shiba Inu price has seen a significantly good week, despite that the trading volume doesn’t seem to be following up today. Could the recent massive Whale Shiba Inu transaction be affecting this?
Shiba Inu has jumped 6.36% in the last 24 hours, which was followed by a weekly jump in price of over 7.90%. The monthly price rate of Shiba Inu also experienced another 21.75% increase. Altogether, this signifies a bullish momentum for Shiba Inu and a promising near future for Shiba Inu price.
However as of today, Shiba Inu trading activity lost over 38.21% leaving the volume at $244 million. However, this doesn’t seem to pose any negative impact on Shiba Inu coin, considering the recent Whale activity and its series of positive momentum so far.
Meme Moguls (MGLS) To Amass Enough Adoption to Contend With Other Meme Coins
Meme Moguls is poised for greater adoption compared to other meme coins due to its innovative fusion of entertainment, investment, and financial learning. The adoption is already fast coming as it sold out its beta-stage in record-breaking time. It is already selling out its stage 2 presale with over $576,000 and the token going for $0.0023.
To understand Meme Moguls better, the platform gamifies the crypto experience through a simulated investing game, which attracts a diverse audience interested in both fun and investment. This unique approach sets it apart as the best crypto investment in a market saturated with meme coins lacking utility like Pepe coin and Shiba Inu.
The incorporation of cash prizes, NFT characters, and a wealth leaderboard not only adds a competitive edge but also provides tangible incentives, making it more appealing to a wider demographic. Beyond the typical crypto speculation, Meme Moguls introduces a metaverse world and staking options, offering users additional avenues to engage and earn.
This multifaceted strategy positions Meme Moguls as a comprehensive and inclusive platform, likely to resonate with a larger user base, thereby driving increased adoption. It might not only be the best crypto investment backed by meme assets but also one of the best crypto to buy for high returns.
Learn more about the $MGLS here:
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