If you are confused about what crypto tokens to buy, it looks like you have opened the right article. Here, Bittime will discuss 3 crypto tokens that need to be watched for a good price increase in 2024. The three tokens are Meme Moguls (MGLS), Ronin (RON), and Maker (MKR).
Read the full explanation below.
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Meme Moguls (MGLS)
The Meme Moguls (MGLS) token sale via presale has been a huge success, and the project is now preparing to go public on the Uniswap exchange. It was recorded that more than 4,000 investors had purchased MGLS tokens in the presale stage, with total purchases reaching more than $2.6 million.
The presale will close on February 28, after which MGLS will soon be listed on Uniswap. It is hoped that listings on other Tier 1 exchanges will follow.
Interestingly, early MGLS investors have enjoyed a return on investment (ROI) of more than 95%. This is an indication that investing in MGLS now could be a strategic move, considering the potential for significant price increases. What's more, the current price of MGLS is only $0.0042, so it's still affordable before the presale closes.
In addition, the Meme Moguls platform offers innovation in the form of simulating meme trading in a stock market-like format. As a “play-to-earn” token built on the Ethereum blockchain, community members can earn income through various activities within this ecosystem.
These activities include NFT trading, staking MGLS tokens, participating in games against other community members, and much more. Overall, the Meme Moguls platform combines the fun of memes with an immersive gaming experience and has the potential to generate income for its members.
Here is some more information about Meme Moguls (MGLS):
1. Platform NFT
Meme Moguls is a platform that allows users to create and manage NFTs related to memes. Users can upload memes, create NFTs from them, and trade those NFTs on the integrated marketplace.
2. Meme NFT Collection
Meme Moguls provides a variety of NFT collections based on popular memes. Users can purchase and own these NFTs as part of their collection.
3. MGLS Token Economics
MGLS is a utility token used in the Meme Moguls ecosystem. These tokens can be used to purchase NFTs, gain access to premium features within the platform, and participate in other functions related to the platform.
4. Governance and Incentives
MGLS can also be used to participate in decision-making regarding the development and direction of the platform. MGLS holders can cast their votes in governance proposals and receive incentives in the form of tokens for their participation.
5. Community and Interaction
Meme Moguls builds a community around their platform, allowing users to interact with each other, share memes, and participate in various activities related to memes and NFTs.
Also Read: What is the Meme Economy, and What Are Examples Like?
Maker (MKR)
After experiencing significant price increases over the past year, the Maker token (MKR) finally broke the $2,000 mark in January. Based on data from CoinMarketCap, the price of the MKR token has increased 178% year-to-date (YTD). With this achievement, MKR has become one of the top altcoins in recent months.
Maker (MKR) trading volume and market capitalization showed a slight positive increase in the past week.
MKR has several functions in the MakerDAO ecosystem:
1. Governance Token
MKR gives its holders the right to participate in decision-making related to developments and changes in the MakerDAO protocol. MKR holders can cast their votes to decide about protocol updates, economic parameters, and other decisions that affect the ecosystem.
2. Backstop Liquidity
MKR acts as a backstop for Dai. If the value of Dai falls below the value of the US dollar (for example, due to a liquidity crisis), the MakerDAO smart contract can use MKR to buy Dai on the open market and keep its value stable.
3. Collateral in the MakerDAO System
MKR is also used as a collateral asset within the MakerDAO system. Users who want to borrow Dai using crypto assets as collateral must provide MKR as collateral. If users fail to fulfill their obligations, the collateralized MKR can be used to cover losses.
Also read How to Buy Crypto:
Ronin (RON)
Ronin (RON) has shown stable and gradual price performance since last November. RON prices recorded a slight increase of 4% in the last week and 30% in the last 30 days.
However, what stands out more is the price increase of 271% year-to-date (YTD). As a result, RON surpassed the $3 mark for the first time since February 2022.
Here are some important points about Ronin (RON):
1. Ethereum Second Layer
Ronin is a second layer designed to increase the scale and performance of applications running on the Ethereum blockchain. It aims to overcome the problems of limited scale and high transaction fees that often occur on the Ethereum main network.
2. Bridge Center (Bridge)
Ronin serves as a central bridge between the Ethereum blockchain and the applications running on it. This allows users to make transactions more quickly and with lower fees than is possible on the main Ethereum blockchain.
3. Developed for NFTs and Games
One of Ronin's main focuses is supporting the NFT ecosystem and Ethereum-based games. This makes it ideal for applications such as NFT marketplaces, blockchain games, and other applications that utilize NFT technology.
4. Used by Axie Infinity
One of the main applications using Ronin is Axie Infinity, a very popular blockchain game where users can raise and battle virtual characters called Axies. Ronin enables Axie Infinity to provide users with a smooth and efficient gaming experience.
5. Decentralized Autonomous Organization (DAO)
Ronin also has a community-managed governance model, where RON token holders (RON Token) can participate in decision-making about network development and the use of allocated funds.
Also Read: What is Ronin (RON)? Blockchain Solutions for Games and the Metaverse
Conclusion
Meme Moguls (MGLS), Ronin (RON), and Maker (MKR) are some of the cryptocurrencies worth looking at in 2024. MGLS offers huge profit potential at its current affordable price. Meanwhile, Maker (MKR) and Ronin (RON) showed solid and stable performance.
How to Buy Crypto on Bittime
You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH ), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What is MATH (MATH)? Innovative Solutions for Finance and DeFi
Ronin (RON) Price Prediction: Can RON Gaming Token Maintain Momentum?
What is Ethereum Decun? Beginner's Guide To Upgrading Ethereum Decun, EIP 4844 & Blob Space
DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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