- Solana (SOL) briefly flipped XRP as its market cap rose above $33 billion.
- Analysts are bullish on SOL price, noting the potential for upside continuation.
- Meme Moguls (MGLS), a new meme-based token, is creating waves in the market as its presale breezes through stage 2.
Solana (SOL) has outperformed Bitcoin and all top altcoins in the past few months. As bulls looked to strengthen above $70 on Wednesday, Solana’s market cap briefly flipped that of XRP.
Elsewhere, meme-based crypto token Meme Moguls (MGLS) looks poised for a potentially explosive 2024.
Solana price prediction as SOL briefly flips XRP
Solana (SOL) has soared more than 600% since its lows in December 2022. The smart contracts blockchain platform’s native token has in the process recouped losses suffered when the broader contagion caused by the collapse of crypto exchange FTX pushed SOL to below $10.
Having traded to highs of $79, Solana bulls are likely to eye $100 in coming weeks as its bullish momentum strengthens. Today’s brief flippening of XRP came as recent gains sparked by the meme coin Bonk (BONK) pushed SOL’s market cap above $33 billion on December 20.
According to one crypto analyst, Solana’s upside trend is likely to continue amid its “bullish consolidation.”
“There’s no doubt this is going higher,” pseudonymous analyst The Crypto Dog opined on X.
Meme Moguls (MGLS): A meme token poised for explosive 2024
Meme Moguls (MGLS) is a new crypto platform designed for both the seasoned trader and meme enthusiast. It’s offering of a play-to-earn (P2E) game ecosystem where anyone can hop onto the latest trends in crypto, harnessing their trading skills to earn lucrative rewards in the native MGLS token.
This could be via leaderboard competitions, staking, and NFT trading among other innovative ways that put MGLS holders in control of how to add to their returns as they support the ecosystem or play against other community members.
Meme Moguls has outlined a presale that will see 60% of the 3 billion token supply go to the community of early users. The potential for this token to become the next Pepe, Bonk, Shiba Inu or Dogecoin has the crypto market buzzing about its presale.
Meme Moguls (MGLS) presale
Having started at just $0.0019 per token, the wave being witnessed as traders snap up $MGLS has pushed the price to $0.0023, with over $600,000 raised in stage 2 so far.
According to details on the Meme Moguls presale page, there less than 164 million tokens remaining before the the next stage and price increases.
While still in presale, the huge interest currently engulfing the Meme Moguls’ early bird offer could help catapult prices higher when the project launches in early 2024. According to projections, the price of MGLS could see a 100x move if the crypto bull market rolls in as forecast.
If you are considering taking a look at this project to learn about its tokenomics and utility, the whitepaper is available here.
