Amidst crypto predictions surrounding XRP and Polygon (MATIC), Meme Moguls (MGLS) is also in focus. In their ongoing beta stage of the presale, Meme Moguls is being explored by optimistic investors.
XRP gains despite USD dominance
On Nov. 29, XRP slightly rose from $0.60 to $0.61.
The expansion was spurred by concerns expressed by lawyer John E. Deaton about the declining dominance of the USD, which has been fueled by the UAE‘s decision to stop using USD in oil trades.
This move has sparked discussions about the USD’s global position and has partly influenced XRP’s performance.
XRP has been trading above its 100 and 200-day EMAs, indicating a bullish trend.
Some experts predict that XRP will climb to $0.64 by the end of 2023.
Analyst bullish on MATIC
Analyst Captain Faibik is bullish on Polygon (MATIC) in the short term.
The chartist picked out the falling wedge formation on the four-hour timeframe chart, a pattern often associated with a bullish breakout. Based on this, some analysts expect the token to break higher in the sessions ahead.
Over the last month, Polygon has been bullish, with prices rising from $0.64 to $0.76.
CoinCodex forecasts MATIC to reach $0.86 by the end of 2023.
Meme Moguls presale performance
Meme Moguls aims to create the first meme-driven stock market on the blockchain. In the ongoing presale, it has been drawing the attention of whales.
Meme Moguls has raised over $250,000 as MGLS prices rose from $0.0019 to $0.0021.
Meme Moguls’ low market cap compared to other altcoins like XRP and Polygon could give it a distinct advantage.
With a smaller market cap, MGLS can gain as the project grows, which could explain why analysts are bullish on the platform’s prospects.
Meme Moguls recently announced a meme competition with an MGLS prize pool to increase community engagement.
The competition aims to encourage community members to showcase their creativity and engage with one another while reinforcing the platform’s reputation as an interactive center for meme enthusiasts.
With its concept, emphasis on community, and growth potential, investors are considering MGLS in their portfolios.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up
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