A report making waves in the crypto industry highlights the recent theft of over $100 million worth of XRP (XRP) to trigger a further price decline. On the other hand, Solana is showing faint signs of a bullish resurgence amid a dip in price value. Meanwhile, Meme Moguls (MGLS), one of the top meme coins that is buzzing the market, will be drawing its presale to a close on Wednesday 28th February with investors trooping in to buy the presale before listing in crypto exchanges. More details below.
High Growth Potential for Meme Moguls (MGLS) as Token Gains Clearance to List on Uniswap
Following the rising potential and reputation of the Meme Moguls (MGLS) token so far in its presale, experts are projecting an over 100x growth in price value once it launches on Uniswap and other crypto exchanges.
With the listing getting closer by the day, over 3,700 people have purchased the token with more people joining daily. Both XRP and Solana token holders are joining the Meme Moguls project which analyst project will witness a massive 580% rally before the end of the presale on 28th February. It’s expected that the number of MGLS token holders will cross the 4,000 mark before listing on exchanges. This is because investors are looking to get the ongoing 30% MGLS deposit bonus offer while positioning themselves for a massive rally that will come with the token listing.
For context, MGLS, an ERC20 token, is the native utility token of Meme Moguls. The platform is a Play-to-Earn (P2E) gaming ecosystem. On the Meme Moguls platform, individuals can trade meme assets in a stock market-styled environment with real-life market data. As a P2E project, the platform will reward top-performing gamers with MGLS tokens and collectibles that can be traded for cash.
Meanwhile, a significant percentage of the crypto community is interested in the MGLS token, which has already generated over 90% ROI for early-stage investors. More ROI is on the way for the top meme coin as it gears towards becoming a blue-chip crypto in the near future. At the price point of only $0.0036, MGLS represents one of the top cryptos to buy in 2024. It’s only wise for investors to get into the project now and boost their investment portfolio.
$100 Million Worth of XRP (XRP) Stolen from Co-founder Wallet Triggers Further Price Decline
A recent hacking attempt was carried out on the personal wallet of XRP (XRP) co-founder Chris Larson. The hacking attempt resulted in over $100 million worth of XRP tokens moved from his wallet to other crypto addresses scattered across several exchanges. As a result, XRP price saw a further decline, having already been on a 20% bear trend within the last month.
In response to the development, Chris Larson tweeted to reassure XRP holders that their portfolios are safe as the breach was only on his personal wallet, as against earlier reports. Also, the XRP trading volume has dipped following the development.
Solana (SOL) Resurges Following Decline from All-year Price Peak
Toward the end of December, Solana (SOL) reached an all-year price peak of $113. However, Solana has seen a price decline to go below the $100 mark, as per data from CoinMarketCap. While the bear trend of Solana was raging in mid-January, the token is now on a price resurgence, having gained 7% in the last week.
Meanwhile, the Solana trading volume is still fluctuating between growth and decline, which may suggest an uncertain price turn in the coming weeks. Even at that, analysts still believe that Solana is one of the top cryptos to buy and HODL for long-term profit.
