The crypto market is heating up as a Bitcoin ETF looks increasingly likely to be approved by the Securities and Exchange Commission (SEC) in the first quarter of 2024. With this news, many altcoins are also expected to ride the wave of institutional investment, including Pepe (PEPE), Meme Moguls (MGLS), and Shiba Inu (SHIB). Let’s examine these three altcoins and why they are poised for massive growth in Q1 2024.
Pepe (PEPE): Ready to Leap Forward in the 2024 Crypto Market
The Frog meme is one of the funniest and most recognizable memes on the internet. What started as a simple comic strip character has become a cultural phenomenon, with Pepe found in most Twitter threads, especially in the crypto niche.
So when the Pepe token was created in early 2023, it was no surprise to see it surge to a $2 billion market cap in a matter of weeks. This showcased the sheer power of the meme market and how quickly it can multiply wealth.
Pepe has since corrected from the highs of around $0.00000450 to $0.00000125 as early Pepe backers took profit. The good news for holders is the current price represents gains of over 100% in the last three weeks. It is clear that Pepe is still a major player in the meme market and is expected to continue its growth trajectory in Q1 2024.
The $0.00000150 mark is the next and most important level for Pepe. A close above this level should see the memecoin hit $0.00000200 within days before a larger move toward the previous high.
Meme Moguls (MGLS): A Revolutionary Meme-Backed Stock Market
Meme Moguls is building the world’s first meme-backed stock market/exchange. This revolutionary platform is set to change the landscape of digital trading by integrating the vibrant appeal of internet memes with the lucrative world of financial markets.
Meme Moguls offers a broad spectrum of assets inspired by viral memes. From well-known internet sensations like Pepe the Frog to the latest meme trends sweeping social media, Meme Moguls incorporates a variety of meme-based assets into its trading platform.
Find out which memes to buy by studying the real-time data, sharing insights with the Meme Mogul community, and learning from the experts. The project strongly believes in community spirit and promotes a collective effort to uncover the next big meme trends.
The MGLS token is the utility token that powers the Meme Moguls platform. Not only does it facilitate trading and exchange services, but it also rewards users with staking income and the right to vote on the platform’s future.
One of the most exciting rewards on Meme Moguls is the opportunity to earn unique NFTs. Earning these NFTs is tied to users’ activity and achievements within the platform, such as winning a competition in the Fantasy Trader feature or reaching certain milestones in trading.
With the memecoin market cap sitting at more than $17B and growing by the day, Meme Moguls has massive potential for growth in Q1 2024 and beyond. Analysts are already predicting gains of 100x or more for early investors. Currently in its beta presale phase, the coin can be acquired at $0.0019.
Shiba Inu (SHIB) Prepares for Potential Breakout in Early 2024
Shiba Inu was launched during altcoin mania during the 2021 bull run. Like Pepe, Shiba Inu also surged to a multi-billion dollar market cap in weeks, thanks to its whimsical branding and use of popular meme culture. However, Shiba Inu has had a more tumultuous journey, with the price fluctuating wildly and its community often divided on its potential.
Unlike Pepe, Shiba Inu is building an ecosystem that aims to go beyond just being a token for trading. Most notable is the Shibarium layer-2 blockchain, which aims to provide greater scalability and allow for the development of decentralized applications (dApps) on the Shiba Inu network.
Then there’s the ShibaSwap decentralized exchange, which aims to rival Uniswap and other top DEXs. The combination of meme appeal and real-world utility could make Shiba Inu a strong contender in the meme market and beyond.
The $0.000010 level is the next key resistance for Shiba Inu before it can make another push toward the $0.000020 level and beyond. A further breakout could see Shiba Inu enter a fresh bull market and potentially reach new all-time highs in Q1 2024, although it is still unlikely to keep up with the explosive growth of Meme Moguls.