Crypto trading platform Crypto.com has launched a $15,000 reward for Shiba Inu traders. Dogecoin, on the other hand, has seen significant whale activity, with 514 million DOGE tokens being delivered to exchanges.
Meanwhile, as a result of the recent shift in the crypto market, investors are flocking to the new ICO project, Meme Moguls.
Crypto.com Launch $15,000 Giveaway for Shiba Inu Traders
Crypto.com has made new efforts to attract more trading volume to its platform. The platform announced its plan to distribute $15,000 to those who trade certain meme coins until December 25th. This initiative is part of a special promotion to encourage trading activity on the platform.
Shiba Inu (SHIB) was included in the announcement as one of the meme currencies. With this news, the Shiba Inu price may rise in the next few days as trade activity increases. On the 7-day chart, Shiba Inu coin is trading between $0.00000926 and $0.00001165.
On a weekly basis, the token is up 6.4%. Shiba Inu has also grown 19.6% in the last month. Shiba Inu could reach new highs if the bullish momentum continues. This makes it one of the best cryptocurrencies to buy in December.
Dogecoin (DOGE) Whales Move 514M DOGE
While Shiba Inu could see high trading activity, Dogecoin (DOGE) has witnessed high whale movement. Whale Alert, a well-known service that tracks large cryptocurrency transactions, reported these movements.
The first and largest transaction occurred on December 19th, at 6:56 AM (UTC), involving 450 million Dogecoin (worth $41.55 million at the time). Soon after, another large transaction occurred, transferring 64.7 million Dogecoin from an unnamed wallet to Coinbase.
The Dogecoin community is concerned about potential sell-offs as a result of these massive transactions. Dogecoin, on the other hand, has been able to endure the pressure. Dogecoin’s monthly price is up 16.8%, according to CoinMarketCap. The memecoin is now trading in the range of $0.087491 to $0.098404.
Meme Moguls (MGLS), the Best Crypto To Buy As Presale Projects Soar
Recently, Meme Moguls (MGLS) has been getting a lot of attention as a unique ERC20 token with real-world applications. It stands out in the gaming token world, offering play-to-earn opportunities. Players in the Meme Moguls ecosystem can join both free and paid trading tournaments, competing for cash and collectibles like Dogecoin.
With an in-game marketplace to buy, sell, and trade items as well, players have even more opportunities to earn the MGLS tokens. The new ICO project also has an inclusive wealth leaderboard.
By awarding cash prizes in proportion to each of the top 20 users ‘excellent performance based on their stakes and profits made that week, it encourages friendly competition among participants and inspires everyone’s desire for achievement even while enjoying themselves.
The goal of this feature is to create a spirit of friendly competitiveness among the players. Moguls would also have “Mogul Land,” a virtual area where users can chat, mine tokens and stake them. In this virtual land, staking has become a popular way to make passive income.
This makes it a compelling reason for people to join the Meme Moguls community. Currently, MGLS ERC20 tokens are available for just $0.0023. Analysts have predicted a price increase to $0.1 in 2024.
Conclusion
According to recent data, memecoins form a large percentage of the crypto trading volume. As a result, meme coins like Shiba Inu, Meme Moguls, and Dogecoin.
Analysts have recently highlighted Meme Moguls as one of the best cryptocurrencies to buy. They have linked its potential to the thriving play-to-earn gaming market, valued at $3292.73 million in 2022.
Learn more about the $MGLS here:
Visit Meme Moguls | Join the Community
Wanda Parisien is a computing expert who navigates the vast landscape of hardware and software. With a focus on computer technology, software development, and industry trends, Wanda delivers informative content, tutorials, and analyses to keep readers updated on the latest in the world of computing.
