PancakeSwap (CAKE) recently saw a major jump in its value, which made it a trending cryptocurrency, fueled by the overall growth and developments within the ecosystem, alongside the various announcements made by the team.
Alongside it, Meme Moguls (MGLS) saw an exponential level of growth with its blockchain ICO, and it can grow even further. Today, we will explore both PancakeSwap and Meme Moguls to see how far they can rise, and we will see why they are the best cryptos to buy now.
PancakeSwap (CAKE) Burns Tokens Worth $34M and Gets Updates
PancakeSwap (CAKE) made a major announcement on December 21, 2023. The team submitted a proposal going over how they want to reduce the maximum supply of the crypto from 750 million PancakeSwap to 450 million. By reducing the token supply by 300,000,000, the network could move from a high-inflation emission model to an efficient flywheel.
Additionally, veCAKE Gauges went live on the zkSync Era. This means that the veCAKE system now empowers holders impacting PancakeSwap emissions within pools, offers utilities like direct gauge emissions, and enables third-party protocols through delegation. Then, on December 26, 2023, 10,166,225 CAKE got burned, which cost $34 million.
Meme Moguls (MGLS) to Propel the Industry Forward With Simulated Trading
Meme Moguls (MGLS) is an upcoming platform that will introduce play-to-earn (P2E) elements in its ecosystem and assist traders in enhancing their strategies whilst also improving their overall performance through simulated trading. It’s built on top of the Ethereum blockchain and will enable high utility with the MGLS token.
Every player will begin their simulated trading adventure throughout the platform with $100,000 in virtual currency. They will be limited to using 20% on a single trader to simulate real-world trading better. They can then set up tournaments and compete in a simulated investing game. They can be fun as they enable the creation of prize pools and tournament buy-ins.
— Meme Moguls (@meme_moguls) December 8, 2023
To get more of the MGLS crypto, players can also contribute towards the Meme Moguls staking pool. By doing so, they can become eligible for rewards, which are directly based on the share of the pool and the annual percentage returns.
Alongside this, there is the Moguls World, a dedicated Metaverse in which users can connect, mine tokens, or join liquidity pools.
Players can climb the wealth leaderboard throughout the vast ecosystem and showcase their trading skills. They can compete against one another, earn coins, and strive for the top spot to gain recognition within the Meme Moguls community.
Alongside this, they can unlock exclusive rewards by actively participating in the ecosystem, getting special privileges, and unlocking unique NFTs to enhance their trading experience and showcase their achievements. These aspects make it one of the best cryptos to buy now.
Aside from PancakeSwap, Meme Moguls is another cryptocurrency that can surge in value. During Stage 3 of the preasle, a single MGLS crypto is offered at $0.0025. With the interest in the industry, coupled with investor attention, the crypto can surge by 70x at launch following the completion of its blockchain ICO.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.