Shiba Inu (SHIB) Ignites Substantial Netflow Surge, Meme Moguls (MGLS) Price Reaches New ATH

6 January 2024

in SHIBA

Reading Time: 5 mins read

Shiba Inu (SHIB) Ignites Substantial Netflow Surge, Meme Moguls (MGLS) Price Reaches New ATH

The trading activity on the Shiba Inu platform has shown signs of steady growth after experiencing a 5% jump by 10 am as of 2nd of January. Although Shiba Inu’s price is steadily climbing down, the trading volume is still high with an 83.86% increase today. Another project called Meme Moguls is already receiving rapid attention with its presale marking it the best cryptocurrency to buy.

Shiba Inu (SHIB) Shows Progressive Stats Amid its Recent Price Performance

Shiba Inu has recently seen a surge in interest, notably from large holders, with a remarkable 1,028% increase in Shiba Inu whale netflows observed between December 31 and January 1.

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This positive momentum translated into a rise in the price of Shiba Inu from $0.0000107 to $0.00001092 on January 1, settling at $0.00001077, accompanied by a 63% spike in Shiba Inu trading volume, surpassing $140.6 million on that same day.

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However, Shiba Inu has grown even higher in both trading volume and market price. The price of Shiba Inu is mildly unstable but it shows promise of trading higher above support level.

Additionally, Shibarium, the Layer-2 solution of Shiba Inu, has exhibited remarkable growth, surpassing 236 million total transactions in 2023. A noteworthy development in the same year was the burning of a substantial 76,403,022,296 SHIB tokens, equivalent to $688,907.

For those closely monitoring the Shiba Inu price, key levels to watch include $0.00001127 and $0.00001194, serving as potential thresholds for bullish trends. Conversely, the daily Moving Average 50 (MA 50) at $0.00000954 stands out as a robust support, providing a cushion against further declines.

Meme Moguls (MGLS) Price Will Increase As More Investors Show Interest in the Project

As Meme Moguls (MGLS) gain more investors’ interest, the demand for $MGLS tokens is likely to increase. The unique features offered by the platform, such as the simulated investing game, head-to-head contests, and wealth leaderboard, create an engaging and competitive environment.

As more users join to participate in tournaments, buy and sell rare NFT characters, and explore the Moguls World metaverse, the demand for $MGLS as an in-game currency and governance token is expected to rise,

The utility that the $MGLS has makes it not only a tradable asset but also as a key component within the ecosystem, contributing to its potential as a good crypto to buy.

Meme Moguls’ staking mechanism alone provides an avenue for players to earn more $MGLS, fostering a sense of loyalty and commitment among the community. MGLS poses as a good crypto buy when it comes to crypto engagement and captivating trading opportunities.

The expansion of the Meme Moguls ecosystem, including features like the in-game marketplace, trading missions, and the Moguls World metaverse, adds layers of functionality and engagement. This growth in the platform’s ecosystem is likely to attract more investors seeking financial returns and an immersive gaming experience.

Overall, Meme Moguls may continue to evolve and capture the attention of a broader audience. $MGLS tokens have sold out its third presale, and its price jumped to $0.0027 in the fourth stage. Meme Moguls may be the best cryptocurrency to buy now for high ROI, you can join the next presale.