NFTs have gained massive adoption in the crypto space due to their security and value. While Shiba Inu has released 7k free NFTs, Meme Moguls has unveiled a platform where users can mint free NFTs. On the other hand, Pepe Coin is currently battling with bears as it traded 74% from the all-time high.
Shiba Inu (SHIB) Releases 4th Edition of Shib Magazine
Shiba Inu (SHIB) has been in the news lately as the community looks forward to a price rally. Recently, the team unveiled the fourth edition of Shib Magazine.
This new edition was accompanied by free 7,000 NFT covers. In the fourth edition of Shib Magazine, some notable achievements were featured.
One major milestone recorded was the growth in the number of Shiba Inu addresses. Back in February 2021, there were only 8,460 addresses, but that number has now surged 14,793% to 1.26 million in 2023.
Interestingly, the market correction has calmed down. The Shiba Inu price has fluctuated between $0.00000791 and $0.00000851 in the past week with seven-day gains of 4.6%. Still, Shiba Inu coin is far away from the community’s expected price of $1.
Pepe (PEPE) Loses Bullish Trajectory
Pepe Coin ($PEPE) is a meme cryptocurrency that gained popularity in April 2023. Pepe Coin quickly became one of the most actively traded digital currencies.
While Dogecoin took four years to reach a $1 billion market capitalization, Pepe crypto achieved this feat in just three weeks after its launch.
Unfortunately, $PEPE has suffered selling pressure and the lack of utility has made matters worse. And a mysterious 16 Trillion $PEPE tokens transfer to centralized exchanges in August pushed Pepe tokens to new lows.
At the moment, the frog-themed meme coin is currently 74% from its all-time high of $0.000004354. Nevertheless, Pepe cryptocurrency is predicted to rise in the coming months.
Can Meme Moguls (MGLS) Mirror Pepe Coin’s Tremendous Price Growth?
Meme Moguls is a platform that would bring meme culture to Web3 and bring together meme enthusiasts worldwide. The platform would host a play-to-earn game where people can create avatars based on their favorite internet memes and iconic internet moments.
A leaderboard is also available for meme traders to test their skills. By providing liquidity to the platform, users can mine special NFTs and earn MGLS tokens. A meme trading platform will also be introduced by Meme Moguls.
Meme fans would be able to interact with other meme currency traders through this exchange, which would let users purchase and sell meme-based assets. It’s exciting that Meme Moguls would offer a variety of trading tools to support dealers of meme coins in making wise choices.
The network has also developed a staking mechanism that rewards users with additional tokens. All they have to do is stake their $MGLS.
The beta stage has quickly sold out, causing the price to rise from $0.00019 to $0.0021. Also, Meme Moguls have raised over 250,000 USDT, a sign of high adoption from meme enthusiasts and gamers.
Because MGLS is in its early presale stage, it is expected to increase in value by 1000x during the presale. There is also potential for further growth when it is listed on exchanges.
