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Shiba Inu (SHIB) aims to be the “Dogecoin Killer,” but Dogecoin (DOGE) remains unchallenged as the meme coin leader. Amid this, Meme Moguls (MGLS) is gaining attention among whales.
Exploring Meme Moguls
Dogecoin and Shiba Inu are two meme coins that rallied in the previous bull run. However, replicating those gains might prove challenging.
Meme Moguls aims to combine the fun and virality of meme culture with the potential for financial rewards for meme enthusiasts and crypto investors.
Meme Moguls incorporates play-to-earn (P2E) mechanics and a gamified experience. The Fantasy Trader feature allows users to compete with others for rewards. At the same time, the Mogul Land provides a metaverse environment for token mining and liquidity pool participation.
Community engagement is central to Meme Moguls’ ethos. Users can collaborate to enhance their meme trading skills, accumulate wealth, and earn through MGLS staking.
Meme Moguls is conducting the MGLS presale, where whales have been acquiring the token at a discount.
Can Dogecoin keep up?
Dogecoin launched in 2013 as a joke, featuring the Shiba Inu dog from the “Doge” meme.
It now has a market cap of over $12 billion.
Elon Musk is a notable supporter and has, on multiple occasions, posted about Dogecoin.
Even so, Dogecoin lacks the intrinsic value provided by Meme Moguls’ tokenized meme trading platform.
DOGE prices often fluctuate depending on the actions of a few influential individuals. Moreover, technical analysis shows repeated attempts to break through the resistance zone between $0.10 and $0.11.
A break above this threshold could push prices toward $0.20.
Shiba Inu’s efforts
Shiba Inu rode on the coattails of Dogecoin’s success, marketed as the “Dogecoin killer” during the 2020/21 bull run.
While early investors reaped profits, SHIB prices have since fallen.
SHIB is trading at $0.00000834, up roughly 25% from mid-October. However, it is lower than DOGE’s 45% rise in the same period.
SHIB faces resistance from a descending trendline on the daily chart.
The Shiba Inu team is actively working to sustain the token’s value through consistent communication and token burning. However, the effectiveness of these measures in reviving SHIB prices remains uncertain.
Meanwhile, daily Shibarium transactions are up 50%, pointing to adoption. Adoption could sustain SHIB prices, distinguishing it from other competitors.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up
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