Dogecoin, Ethereum, And Meme Moguls: Which Cryptocurrency Offers The Best Utility?

As investors look for new opportunities, here are the top picks for 2024. The famous meme cryptocurrency Dogecoin and Ethereum have brought impressive returns to investors with their recent booms. Meanwhile, Meme Moguls (MGLS) is making waves in the market during its fifth presale. Meme Moguls (MGLS) surged 225% in the first phase and is expected to become a favorite among investors.

Elon Musk triggers Dogecoin rebound Thanks to the influential Elon Musk, Dogecoin is once again in the spotlight. The tech visionary behind Tesla liked one of his old posts, which caused the currency value to rise. Musk reposted a tweet dated October 31, 2021. He defended his love for meme crypto and said: “Tuition paid in Dogecoin; tuition paid in Dogecoin.” If you have a dog, you get a discount.” As a result, Dogecoin rode the wave of Musk’s tweet and sparked discussions about the upcoming update.

With cryptocurrency enthusiasts looking forward to Dogecoin’s future, the value of the meme coin is soaring. With a significant increase in network activity, Dogecoin has been on the rise. In the past 24 hours, DOGE rose 1.16%.

However, DOGE fell 1.52% last week. Dogecoin, also known as “the people’s cryptocurrency”, is currently trading at $0.07988.

Ethereum developers give green light for Decun upgrade The leading blockchain platform Ethereum is about to reach an important milestone. In a recent update, Ethereum core developer Tim Beiko briefed enthusiasts on the latest testing status of the upcoming Decun update on Reddit. The post stated that the test was successful and highlighted the key points of the “all developers run call”.

ETH developers plan to set the release date of the update for February 8. The long-awaited update will include many Ethereum improvement proposals (EIPs), such as original sharding. It will also include changes to the Ethereum execution layer and consensus layer.

As the price of Ether soared, the Ethereum community eagerly awaited the update. Last week, ETH rose 3.45%. Likewise, Ethereum showed a bullish pattern, rising 0.83% in the past 24 hours. The pioneer Ethereum token is currently trading at $2317.88.

The ecosystem allows users to enjoy the fun of games and create reward pools. Through game modes such as “Beat the Market”, players can try to outperform indices such as the S&P 500. MGLS players can become tycoons and monetize their trading expertise by improving their market ranking.

In addition, through P2E meme tokens, users can contribute their Meme Moguls tokens to the staking pool and receive rewards. Analysts predict that as the meme coin enters its fifth presale phase, its return rate will reach 100 times. The current price is $0.0036, and investors are excited about the $10,000 raffle that will take place at the end of each MGLS presale.

Sentiment: Positive