Solana Memecoin Myro (MYRO) Skyrockets 75%, Meme Moguls (MGLS) Tipped to Reach 30x

The post Solana Memecoin Myro (MYRO) Skyrockets 75%, Meme Moguls (MGLS) Tipped to Reach 30x appeared first on Coinpedia Fintech News

Solana-based memecoins have been making headlines lately, with Myro (MYRO) being the latest to skyrocket by 75% as on-chain buyers continue to pile into the project. But the meme madness does not stop there, as Meme Moguls (MGLS) is tipped to reach a whopping 30x increase in value during 2024. Let’s find out what’s behind the hype.

Myro (MYRO) Price Prediction 2024

Myro is a memecoin named after the doge of Solana co-founder Raj Gokal. The project was created due to the lack of a dog memecoin in the Solana ecosystem. While BONK is the largest memecoin on Solana, some argue that BONK lacks the charm and personality of a dog-themed coin like Myro.

With the recent surge in Solana’s price to a peak of $120 in December, the whole Solana ecosystem has been boosted to new heights. Myro was no exception, as the coin surged 75% in just a matter of days, making it one of the top performers on Solana’s DEXes.

But does Myro have staying power, or can we expect it to fizzle out as other memecoins steal the spotlight? The recent listings of Myro on tier-1 exchanges suggest that the volume and demand for the coin may continue to rise as more investors can access it easily.

Looking ahead, some experts predict that Myro could reach a price of $1.00 in 2024 if the Solana ecosystem continues to grow and expand. This would represent a 13x increase from its current price of $0.076. However, it is worth noting that Solana has dozens of large memes, and there is no guarantee that Myro will remain the top dog.

Technical analysis of the 4H Myro chart shows the next resistance at $0.085. A break of this level would likely lead to $0.10 as the next target, followed by a parabolic move if the psychological $0.10 level breaks.

Meme Moguls (MGLS) Tipped To Reach 30X

Meme Moguls introduces a simulated investment game where participants are granted a virtual sum of $100,000 to channel their inner Warren Buffet and trade their way to success in a market full of memes.

Although the funds are virtual, the knowledge gained and rewards reaped are very much real. Players can learn from “Moguls” to improve their trading strategies, compete against each other, and win huge prizes for their performance.

Those who top the Wealth Leaderboard can become Moguls and earn passive income by helping the community become better investors. But the competition doesn’t end there, as players can take on the S&P500 in the “Beat the Market” mode to really put their skills to the test.

At the heart of the Meme Moguls ecosystem resides the MGLS token, which serves dual roles as an in-game currency and a governance token. MGLS tokens can be staked inside the liquidity pools for a share of the platform profits.

The MGLS token has been on a wild ride recently. It started trading at $0.0019 just a few weeks ago but has since pumped 42% to a current price of $0.0027. This price will keep on increasing until the Meme Moguls presale reaches its hard cap.

Unlike Myro, which competes in a crowded field of memecoins on Solana, Meme Moguls offers users a unique experience and tangible benefits. This differentiation is likely the reason for MGLS’s meteoric rise, with some analysts predicting it could reach 30x from its current levels on launch day.

You can participate in the Meme Moguls presale here.