As we look towards 2024, three tokens — Injective, Axie Infinity, and Meme Moguls — appear to stand out. Particularly interesting is Meme Moguls, which is currently in its presale phase and is already predicted to surge 100x this year. Let’s explore these three tokens and why they have the potential for success in 2024.
Meme Moguls (MGLS): 42% Gains Are Just the Start
Meme Moguls emerges as a play-to-earn platform that mixes the fun of meme culture with the strategic world of stock market trading. Built on the Ethereum blockchain, this game aims not just to entertain but also to educate and reward its users for their meme-trading prowess.
Players can immerse themselves in many gaming modes, including head-to-head battles and open trading competitions. The most exciting mode is the “Beat the Market” challenge, which pits players against real-world stock indices. Will you be brave enough to take on Wall Street and come out on top?
At the heart of the Meme Moguls platform is the MGLS token, which distinguishes itself from typical memecoins by serving as both an in-game currency and a governance token. Someone can even stake tokens in the liquidity pool to receive a portion of the platform’s revenue.
MGLS tokens are available for just $0.0027 during a special presale event. While the price has already risen by 42% since the presale began, analysts believe this is just the start of a much larger 100x run-up.
These analysts note that Meme Moguls’ current market cap of $8.10 million is just a drop in the $20 billion memecoin ocean. Getting in during this time-limited presale period may be the best opportunity to ride the Meme Moguls wave before it takes off in 2024.
Notably, after selling out in the third stage of its ongoing token presales, Meme Moguls has proceeded to the fourth stage and is selling out fast, with $MGLS token going for $0.0027.
Can the Injective (INJ) Price Hit $100 In 2024?
Injective promotes itself as the fastest layer-1 for decentralized finance applications. It allows anyone to build and trade on decentralized exchanges, synthetic markets, lending protocols, and more.
Injective has auto-executing smart contracts for rapid trade execution, order matching, transaction settlement, and order book management. Such features make Injective a standout player in the emerging DeFi (Decentralized Finance) space.
It is no surprise that the price of Injective has grown from just $1.30 at the beginning of 2023 to a recent peak of $44.80. While the price has since corrected to $38 today, the current market cap of $3.13 billion leaves room for exponential growth in the coming years.
Some market experts can see Injective rising to $100 in the first half of 2024 if the market remains bullish. This would represent a 163% increase from its current price, and with continued adoption and innovation in the DeFi space, it is not an unrealistic target.
Can Axie Infinity (AXS) Reach $50
Axie Infinity is a blockchain-based trading and battling game that allows players to earn cryptocurrency through gameplay. The game rocketed to a peak market cap of nearly $10 billion in 2021. While the game has struggled to maintain this success in recent years, it looks like 2024 could be a big year for Axie Infinity.
The Axie Infinity team recently announced that Axies can now evolve via the official app. This step makes Axies the first NFTs that continue to evolve as players interact with them. While adding fun to the game, the Axie evolution also slowly reduces the supply of the Axie population.
Another new narrative that might push Axie Infinity to the next level is the merchandise launch that went live in November 2023. There are plushies, figurines, and clothing, all centered around the Axie universe. 20% of merch profits will be sent to the treasury to support the community further.
But what about the price of AXS? Well, there are already predictions that it could reach $50 by the end of 2024 — representing a 543% gain from today’s price of $7.77. The $11 to $12 resistance zone is the first task for bulls to overcome, but once it does, the next stop is $20.
For more information about the Meme Moguls (MGLS) presale follow the link below:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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