Ripple is one of the oldest cryptocurrencies in the top 20 by market capitalization, but that doesn’t prevent it from surging higher. Some analysts are even predicting Ripple to skyrocket beyond $1.
But while analysts recognize Ripple’s potential, the real excitement comes from a new memecoin predicted to surge by 900% in the coming months. Let’s examine this new memecoin and why it’s gaining so much attention.
Ripple’s (XRP) Legal Victory Fuels Optimistic Market Predictions
The last five years have been an interesting journey for Ripple. The cryptocurrency was once a top-2 digital asset, but a legal battle with the United States Securities and Exchange Commission (SEC) quickly halted the cryptocurrency’s potential.
July 2023 saw Ripple Labs successfully defeat the SEC in court as it was declared that the XRP token did not represent security. Such a major legal win triggered an instant pump from $0.47 to $0.95 in less than one day. The price of Ripple is now trading at $0.65 after retesting the $0.50 – $0.55 support zone last month.
With these legal proceedings in the headlights, the company can now focus on expanding its partnerships and use cases. Ripple isn’t wasting any time, as they have just announced a partnership with Onadriq — a fintech giant in Africa — to help increase financial remittance between Australia, the U.K., and the Gulf Cooperation Council.
Ripple didn’t get the same bullish momentum as Bitcoin and Ethereum in recent bull runs, so analysts predict that Ripple can “play catch up” and potentially skyrocket beyond $1 soon.
It’s worth noting that XRP is in a unique position. While the SEC case affected the short-term price, XRP is one of the only fully legal and regulated cryptocurrencies. This could work in its favor as more institutions look to adopt cryptocurrency and seek out compliant options. Perhaps there will even be a spot XRP ETF on the way…
The New Meme-based Coin Predicted to Surge 900%
As we’ve seen with the recent Shiba Inu and Pepe surges, the memecoin industry is no stranger to huge pumps. Now, a new memecoin is poised to take the spotlight and potentially go parabolic — Meme Moguls (MGLS).
Unlike other memecoins that have no utility, Meme Moguls is set to become the world’s first meme-based stock exchange. Users can buy and sell shares of their favorite memes, trade them like stocks, and make profits when their meme becomes the next big thing.
But Meme Moguls expands way beyond being just a stock exchange. It also offers the Moguls Casino, Meme Moguls Fantasy Trader, and Mogul Land for users to immerse themselves in the world of memes and potentially earn even more profits.
The platform’s community-centric approach allows users to connect, share insights, and collaborate on strategies. Meme Moguls wants to be a vibrant community of meme enthusiasts who can help each other discover and capitalize on the next big meme.
At the core of Meme Moguls is the MGLS token. This Ethereum ERC-20-based cryptocurrency facilitates trading, staking, and participating in governance decisions on the platform. The more tokens users hold, the greater their influence and reward potential.
The MGLS token is priced at $0.0019 during stage one of the presale event. This is the rock bottom price for the earliest investors, so demand is already high, with millions of tokens sold in just a few days since the presale opened. To add more, the team is giving away $10,000 to one investor at the end of each presale stage.
With a unique concept and strong community support, analysts predict a 900% surge for Meme Moguls before it even hits mainstream exchanges. This could be the next big opportunity for investors who missed the Pepe pump and want to get in on the ground floor of the next memecoin craze.
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