Cardano Founder Compares ADA With Bitcoin, Users Accumulate Shiba Inu and Meme Moguls
Charles Hoskinson, the founder of Cardano has argued that it is more decentralized than Bitcoin. Meanwhile, whales have been dabbling in the meme coin market for quite a while now.
As a result, there has been high whale activity for Shiba Inu, BONK, and even a new meme coin.
Will Shiba Inu (SHIB) Break the December Curse?
For the previous three years, Shiba Inu (SHIB) has been unable to conclude December on a positive note. The Shiba Inu cryptocurrency peaked in October 2021 at $0.000080, according to CoinMarketCap. It did, however, fall and close the year at $0.000030. By the year 2022, nothing had changed for the better.
Shiba Inu’s price increased from $0.000012 in November to $0.0000083 on December 28 as a result of the FTX collapse. As of 2023, the Shiba Inu price movement has been poor as the memecoin slid between $0.00000780 and $0.00000851 in November.
But, analysts are bullish on the Shiba Inu forecast, thanks to the growth of its ecosystem.
Cardano (ADA) is More Decentralized Than Bitcoin, Says Hoskinson
The US SEC has opened investigations into a number of exchanges based on allegations that they were involved in the sale of securities. In those cases, they’ve named multiple projects as an example of securities, including Cardano. Charles Hoskinson has vehemently refuted these assertions.
He claimed that compared to the Bitcoin network, Cardano is more decentralized. According to him, there was no ICO for Cardano crypto. In other news, the Cardano coin has remained within the $0.29500 to $0.395710 price range in the past month.
Data from CoinMarketCap showed Cardano gained 64% on the 30-day price chart.
Meme Moguls (MGLS): Whales Show Huge Interest
Besides Shiba Inu, there has been a lot of interest in Meme Moguls (MGLS) recently. Over the past few weeks, analysts, traders, gamers, and meme fans have started paying attention to it.
Meme Moguls has planned to create the world’s first stock exchange for meme-related assets. In this stock exchange, people will be able to trade meme-related items and earn tokens while interacting with other meme enthusiasts.
Another exciting feature of Meme Moguls is “Mogul Land”. This virtual world would let users explore, socialize, mine, and invest their tokens.
Meme Moguls has offered a thrilling gaming experience with tournaments and competitions. This makes the platform competitive and lets users test their skills to win rewards. Currently, during its beta presale phase, MGLS tokens are priced at $0.0021.
Whether you are into trading memes or playing games, Meme Moguls promises to ensure a great time while earning.
For more information about Meme Moguls (MGLS):
Visit presale: https://app.mememoguls.com/sign-up
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