Three cryptocurrencies with further growth potential this week – Fantom (FTM), Optimism (OP), and Meme Moguls (MGLS)

Fantom, Optimism, and Meme Moguls all soared this week, showing the potential for continued growth in the cryptocurrency market. Notably, Meme Moguls is conducting a pre-sale phase of discounted tokens, which could provide significant returns for early investors. Let’s see how high these cryptocurrencies can go in the coming months.

Phantom (FTM): A new era of speed and scalability

The battle to become the fastest layer 1 smart contract platform is on, and Fantom is proving it with its blazing-fast transaction speeds. This is because it uses Directed Acyclic Graph (DAG) technology to guarantee instant finality and has near-zero fees.

The price of Phantom took a huge hit this summer as the hack of the Phantom Multichain Bridge prompted investors to panic sell. However, Phantom bounced back in surprising fashion, jumping 158% to its current price of $0.44 in just two months.

So what’s behind this surge? One factor could be that the Phantom’s TVL has increased 100% since mid-October. Another potential cause is the breakdown of the downtrend line that had held prices in place for over a year. The horizontal resistance of $0.32 was easily broken.

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Analysts note that many experienced blockchain developers say Fantom is the fastest blockchain on the market. With a market capitalization of $1.38 billion, Phantom remains undervalued compared to its layer 1 peers. A close above $0.44 on the daily chart shows $0.65 as the next target, followed by $1.00.

Meme Moguls (MGLS): Could 100X Profits Be Achieved in the Future?

Meme Moguls is changing the digital gaming landscape by introducing an exciting Play-to-Earn (P2E) concept that combines the thrill of memes with the rewards of stock market trading.

Players are provided with a starting capital of $100,000 in virtual funds that they can use when investing with Buffet to make strategic investments in hopes of winning big. The platform is a great learning ground where players can experiment with different strategies, understand market trends, and develop keen trading acumen.

🚀 #memetycoon A community mega giveaway event is underway! 🎄

✨ Christmas Special: Win $20,000 in stake $MGLS token!

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🗓 Start date: 15th… pic.twitter.com/6imKT5NP62

— Meme Moguls (@meme_moguls) December 14, 2023

Players can participate in or organize tournaments to create a space for friendly competition and cooperation. In addition to these tournaments, the platform offers a “Beat the Market” mode where players test their skills against real indices for a chance to win prizes.

The rewards of Meme Moguls are not only virtual, but also tangible. MGLS, the platform’s native token, can be earned by completing challenges and achieving milestones within the game. Players can also win meme assets and huge prize money by winning head-to-head matches or climbing the minor leaderboards.

Additionally, staking MGLS tokens allows players to earn a portion of liquidity pool fees, which also provides passive income along with potential profits through trading. These tokens are available at a discounted price during the ongoing pre-sale event, with a 30% deposit bonus currently available.

With its innovative peer-to-peer concept and real-world rewards, Meme Moguls is revolutionizing the world of gaming and meme culture. Analysts expect the current pre-sale price of $0.0021 for the first pre-sale phase to rise 100-fold once the game is officially released.

Optimism (OP) cryptocurrency price prediction for 2024

Optimism is a layer 2 scaling solution that uses Optimistic Rollup to improve Ethereum’s scalability and reduce transaction fees. Coinbase is now using Optimism for its ‘Base’ scaling solution, contributing to Optimism’s impressive $853 million TVL.

Optimism is currently trading at $2.24 after rising 94% over the past two months. This is the highest price since April 2023. This strong performance is due to growing demand for Layer 2 scalability solutions and the industry’s growing adoption of optimistic rollups. .

According to the latest news, Coinbase is bringing the TradFi client on-chain via the Base protocol. Debt, equity and other legal instruments can be tokenized and flow through optimism. These significant developments have only fueled Optimism’s potential for further growth, and experts believe that current price levels are just the beginning.

Chart technicians point out that Optimism’s price is headed toward breaking its all-time high of $4.57 if it can close above $3.00 on the weekly chart. The support price for this trend to remain intact is $1.80 – $2.00. However, it’s worth noting that Optimism is valued at $9.8 billion fully diluted, so it’s unlikely to see the same potential returns as Meme Moguls.

For more information about the Meme Moguls (MGLS) pre-sale, see:

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