{"id":25267,"date":"2023-12-27T11:50:37","date_gmt":"2023-12-27T11:50:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pancakeswap-bounces-as-market-eyes-next-gem-with-meme-moguls\/"},"modified":"2023-12-27T11:50:37","modified_gmt":"2023-12-27T11:50:37","slug":"pancakeswap-bounces-as-market-eyes-next-gem-with-meme-moguls","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pancakeswap-bounces-as-market-eyes-next-gem-with-meme-moguls\/","title":{"rendered":"PancakeSwap bounces as market eyes next gem with Meme Moguls"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671643001968-35241180-95a2-4a4b-9486-1f38827a447d-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671643001968-35241180-95a2-4a4b-9486-1f38827a447d-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671643001968-35241180-95a2-4a4b-9486-1f38827a447d-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1671643001968-35241180-95a2-4a4b-9486-1f38827a447d-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Investors eye Meme Moguls amid bullish forecast for crypto<\/li>\n<li>PancakeSwap (CAKE) price is up 17% in 24 hours after a massive token burn.<\/li>\n<li>Meme Moguls (MGLS) is now in stage 3 of its presale, with increasing investor attention likely to push its price higher post launch.<\/li>\n<\/ul>\n<p dir=\"ltr\">As the crypto market savours the December gifts with price gains across major altcoins, one of the notable performers has been <a href=\"https:\/\/coinjournal.net\/pancakeswap\/\">PancakeSwap (CAKE)<\/a>. Meanwhile, the fear of missing out on a potentially 100x token has savvy traders increasingly interested in <a href=\"https:\/\/mememoguls.com\/?utm_source=Coinjournal&amp;utm_medium=PR&amp;utm_campaign=1916\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Meme Moguls (MGLS)<\/u><\/a>.<\/p>\n<h2 dir=\"ltr\">PancakeSwap\u2019s 60% surge in a week: What\u2019s behind it?<\/h2>\n<p dir=\"ltr\">Among tokens to skyrocket in recent days is PancakeSwap (CAKE), the largest decentralised exchange (DEX) platform in the Binance Smart Chain ecosystem. The native governance token has seen a remarkable bounce in its value over the past week.<\/p>\n<p dir=\"ltr\">As data from CoinGecko shows, CAKE has gained nearly 60% in the past seven days to trade above $3.72, levels last seen in April 2023. One notable factor amidst these gains for PancakeSwap has been the DEX platform\u2019s token burns. One of the biggest burns happened this week.<\/p>\n<p dir=\"ltr\">On December 26, PanckeSwap <a href=\"https:\/\/twitter.com\/PancakeSwap\/status\/1739626558779015499\" rel=\"noopener noreferrer\" target=\"_blank\">incinerated more than 10 million CAKE tokens<\/a> worth about $34 million. Not only has this reduced its circulating supply significantly, it has also added to the likely buy pressure as investors eye potential bull market gains.<\/p>\n<p dir=\"ltr\">The massive burn illustrates PancakeSwap\u2019s deflation approac. This could also include a reduction of its maximum supply from 750 million to 450 million CAKE tokens as <a href=\"https:\/\/twitter.com\/PancakeSwap\/status\/1737757429721653305\" rel=\"noopener noreferrer\" target=\"_blank\">recently proposed<\/a>. The community is thus excited about the future of CAKE, currently ranked 81st among largest cryptocurrencies with a market cap of $920 million.<\/p>\n<p dir=\"ltr\">If the project continues to implement the weekly CAKE burns, the impact of a diminishing supply could combine with other market catalysts to propel CAKE price higher. The room for growth is there with the token\u2019s value having reached highs of $43.96 during the last bull market.<\/p>\n<h2 dir=\"ltr\">Meme Moguls (MGLS) creates buzz ahead of its launch<\/h2>\n<p dir=\"ltr\">Amid the broader crypto market delight in key developments including regulation, one of the new projects attracting huge interest from investors is Meme Moguls.<\/p>\n<p dir=\"ltr\">This is an innovative meme-based assets\u2019 marketplace that could see ordinary traders unleash their inner mogul capabilities as they earn a place among the new crop of crypto millionaires.<\/p>\n<p dir=\"ltr\">Powered by MGLS, Meme Moguls is a platform that will offer its token holders the opportunity to be part of a community-driven project. Holding MGLS and participating in the project\u2019s ecosystem will offer earning avenues such as staking, trading and gamified world with exclusive NFTs.<\/p>\n<p dir=\"ltr\">On Meme Moguls, anyone can polish on their meme-picking strategies as they compete against the best in the market. The ecosystem offers lucrative rewards across its features, which include a crypto casino, exchange trading platform, metaverse (Mogul Land) and fantasy trader.<\/p>\n<h2 dir=\"ltr\">Should you buy Meme Moguls (MGLS) during its presale?<\/h2>\n<p dir=\"ltr\">The <a href=\"https:\/\/mememoguls.com\/?utm_source=Coinjournal&amp;utm_medium=PR&amp;utm_campaign=1916\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Meme Moguls presale<\/u><\/a> has stormed to stage 3, with increased investor interest observable in the rising amount allocated to buying MGLS. The traction comes amid a resurgence in meme coins, with recent spikes for Bonk, Shiba Inu and Dogecoin notable.<\/p>\n<p dir=\"ltr\">The project\u2019s tokenomics, which highlights a 60% allocation for the community and zero buy and sell tax, has the trading community thrilled. MGLS is currently priced at $0.0025, offering a potentially bargain base for investors. Could this token bring the meme sector to the next level?\u00a0<\/p>\n<p dir=\"ltr\">A moment\u2019s pause to consider the next move in the crypto market can see one turn a seemingly unfancied token into a 10x, 50x or even 100x or higher asset.<\/p>\n<p dir=\"ltr\">Investors know this and often hunt for new gems in the murky waters that crypto presales can be, particularly ahead of a potentially explosive bull market. But it\u2019s also why due diligence is paramount before any investment decision, and that includes Meme Moguls.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/as-pancakeswap-bounces-market-buzz-attracts-investors-to-meme-moguls\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Investors eye Meme Moguls amid bullish forecast for crypto PancakeSwap (CAKE) price is up 17% in 24 hours after a massive token burn. Meme Moguls (MGLS) is now in stage 3 of its presale, with increasing investor attention likely to push its price [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25267"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25267"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25268"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}