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After evaluating the meme coin’s price movement, an analyst has chosen Dogecoin’s (DOGE) next target. Similarly, the presale token, Meme Moguls (MGLS), appears to be gearing up for a price rally.
Dogecoin may reach $0.11 and $0.115
In a recent YouTube video, a cryptocurrency analyst expressed optimism about the future of Dogecoin.
DOGE recently broke vital resistance around the $0.09-$0.095 range, which some proponents view as a bullish indicator of upward trajectory potential.
The analyst suggests the crypto market could enter an early broad bull cycle with capital rotating back into meme-themed assets like DOGE after favoring bellwethers Bitcoin (BTC) and Ethereum (ETH) earlier. If prices continue rising, influencer commentary around DOGE may follow.
Given the current momentum, targets between $0.11 and $0.115 have been floated in the near term. However, the analyst notes DOGE remains strongly correlated with Bitcoin, carrying the risk of sharp declines if Bitcoin suddenly drops.
DOGE broke out from a tight trading range in December, climbing 17.5% and 31.4% week-over-week and month-over-month, respectively.
Meme Moguls may extend gains
Meme Moguls is a play-to-earn (P2E) that introduces a gamified investment platform for users to learn about investing and potentially earn rewards.
Participants can gain practical knowledge of various investment strategies through simulated investment scenarios and explore new opportunities.
Each player begins with a virtual balance of $100,000 to construct their investment portfolio. As they progress and complete challenges, players can convert their simulated profits into MGLS that can be withdrawn.
To encourage diversification, Meme Moguls restricts players, limiting them to allocating at most 20% of their virtual portfolio to a single investment. This unique feature sets Meme Moguls apart from other similar projects.
The platform fosters a sense of community by enabling members to organize tournaments and participate in simulated investment competitions.
Players can also engage in head-to-head battles against each other, with the victor claiming all tokens and rewards.
Additionally, users can climb the in-game rankings and aspire to achieve the coveted status of a “mogul.”
Mogul status allows users to monetize their trading expertise, leading to potential passive income generation.
Meme Moguls offers users various earning and engaging opportunities. Currently, MGLS is available for purchase at $0.0021 in its presale.
Meme Moguls is being compared with Dogecoin. Analysts predict MGLS will rally in the sessions ahead. At the end of each presale stage, there will be a giveaway of $10,000 for the most active user on X.
For more information about the Meme Moguls (MGLS) presale:
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