Aave (AAVE) Price Prediction – Could Meme Moguls (MGLS) Overtake Litecoin (LTC)?

Are you looking to invest in a crypto project that can multiply your money by 100x? Meme Moguls is the best option for you. This new project has become an instant hit and a favorite of investors for its multiple utilities. Even investors of Aave and Litecoin are shedding their holdings to join the ongoing presale of Meme Moguls.

Buy Meme Moguls Today

Meme Moguls (MGLS) Steals Limelight With Presale Boom

As per a report from Statista, the global meme industry is likely to reach $6.1 billion by 2025. However, most meme coins do not offer any utility, and are based on hype. Therefore, meme coins are considered less stable investment options. But, to address this concern, a new project, Meme Moguls, has unveiled a unique business plan.

It is a play-to-earn meme token that will serve as a governance token as well as an in-game currency. The Meme Moguls game is the cornerstone of the project’s ecosystem. It will provide a simulation investing feature that will let people compete with other members on the platform. Through Meme Moguls, users can not only learn about real-world investing but also earn income and rewards.

Once users achieve a certain in-game ranking, they will become ‘mogul.’ It will allow them to share their trading expertise, and generate a passive income. Besides, the project will also have a wealth leaderboard. Here, the top 20 moguls will share a cash prize pool that will be funded from a share of the platform’s daily revenues. So, the earlier you become a mogul, the more income you generate.

The platform’s native crypto is MGLS, and only 3 billion tokens will be minted during the project’s lifetime. Since 60% of these tokens are earmarked for the presale round, locking them now is a great way to earn big. Currently, the platform’s presale round is in stage 1, and a token costs just $0.0021. Experts believe that this project will give 100x returns to its investors in the first year.

Aave’s (AAVE) On-chain Data Suggest Price Surge

As suggested by the on-chain data from Santiment, Aave (AAVE) is likely to see a price increase in the coming weeks. Data shows that the top 150 Aave wallets hold over 9.61 million AAVE tokens.

Notably, this is the highest level since July this year. According to analysts, the accumulation of Aave tokens by large wallet holders often results in a local top in AAVE’s price. They predict that AAVE can hit the mark of $115 by the end of 2023.

However, at present, Aave investors are making losses. At the time of writing, Aave (AAVE) is available at $94.52, following a 4% drop in the past seven days.

Litecoin (LTC) Sees Rise In Active Addresses

The Litecoin network has not been able to sustain its growth momentum. Despite witnessing growth in some key metrics, the price of Litecoin is still down by 1% on the weekly chart. Hence, the current trading price of LTC stands at $73.07.

This price decline has occurred even after the Litecoin network witnessed a rise in active addresses. Data suggests that the active address count on the Litecoin network reached an all-time high of over 1.4 million on December 8.

Earlier, on December 5, the number of active addresses had reached 751k. However, these developments have been unable to push the price of Litecoin upward.