Here we examine three interesting altcoins that are providing innovative solutions for the crypto industry, Meme Moguls, Polygon, and Chainlink, with bullish price action to match. Read on to find out more about these projects; one is new and still in presale, and the other two are more well-established.
Meme Moguls brings an important edutainment project to crypto traders
There are many meme lovers out there, and endless Telegram and Discord chats for traders to get together and share alpha. So many that it can be hard for people to know where to go to find good connections and filter out the noise, shillers, scammers, and spammers.
Also, many people who dabble in crypto may not yet know trading basics or may wish to improve but lack the time or will to do so. That’s where Meme Moguls comes in.
The project, which is in stage five of a seven-stage presale, aims to make learning trading fun, by simulating it in a play-to-earn game and adding in collectible NFT memes and avatars to make it more entertaining. People who are experienced will be able to compete for prizes and a top spot on the leaderboard, while newbies can learn by experimenting, copy trading, and chatting with other traders.
In this way, Meme Moguls is uniting meme lovers, gamers and traders. This has the potential to be a very lucrative market, and the project’s ecosystem and tokenomics look promising.
MGLS has risen from $0.0019 to $0.0036 since the presale began in November.
Polygon innovating for an interconnected future
Polygon recently showed off meaningful progress on its master plan for more seamless and fast blockchain ecosystems.
The Polygon team in collaboration with Toposware has just rolled out a “Type 1 prover,” letting any EVM (Ethereum Virtual Machine) compatible chain connect with Polygon’s Layer-2. This means any EVM chain can now become a zero-knowledge-proof chain. Ethereum creator and legend Vitalik Buterin has called Type 1 the missing ingredient for making layer-2s as strong as layer-1s like Ethereum.
Polygon also shared an “Aggregation Layer” or “AggLayer” which helps to mix up the best bits of modular blockchains and monolithic ones like Ethereum before it implemented sharding. The idea is a “web of chains” where devs can build decentralized apps tapping into scalability and pooled liquidity across chains. Any chain that adopts the Type 1 prover will be able to join, and Manta, Immutable, and Canto are some of the blockchains already planning to do so.
Why is this possible with Polygon? It is due to their deep diving into zero-knowledge cryptography, as they have been working on Polygon ZKevm and Polygon Miden and Polygon Chain Development Kit (CDK) which allows people to build their own ZK layer 2 chain. While other teams sprint towards a modular-only future, Polygon is extracting the best bits into an interconnected blockchain system.
If Polygon can pull it off, Buterin’s dream for Ethereum to scale could finally take flight. The plan is for dApps to run exponentially faster and cheaper so crypto can go mainstream.
MATIC is trading at $0.88, at the time of writing, potentially on its way to hit its December highs of $1.
Chainlink CCIP – to the moon and beyond?
Chainlink has been on a tear over the last year, up over 200%. The project, which started out as an oracle of oracles, has extended its functionality greatly with the announcement of its Cross-Chain Interoperability Protocol (CCIP).
Oracles are important as they provide external price data to the blockchain, and having an oracle of oracles helps to prevent hacks and exploits, if say one oracle starts reporting an inaccurate price. Chainlink saw a gap in the market and innovated to make a solution.
And what’s more, this is what they have done with the CCIP – recognizing that endless new blockchains are being created. Therefore cross-chain functionality is essential for the smooth running of projects, and to enable many features in the future, such as the tokenization of Real World Assets. Like Polygon, they seek to unite a fragmented market.
As of today, the price passed the psychological $20 barrier, something which hasn’t been seen since January 2022. This project is one to watch.
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