An anonymous whale has transferred 5.15 million Immutable tokens to the Coinbase platform. Also, Dogecoin, the popular meme coin, has entered the ‘greed zone,’ signaling a shift in investor sentiment.
Meanwhile, Meme Moguls’ presale has skyrocketed as it sells out stages one and two. Analysts have tagged the presale token as the best crypto for beginners.
Immutable (IMX) Whale Moves 5.15M IMX To CEX
A whale has moved 5.15 million Immutable (IMX) tokens to Coinbase. According to reports, this whale purchased these IMX tokens at an average price of $1.191 from February 3, 2022, to November 5, 2023.
Surprisingly, this is simply one of several whale-related hobbies. IMX token deposits have increased noticeably in the recent week, totaling over 2.75 million.
This shows that a number of investors are looking to benefit. Such acts may have a long-term impact on the price of Immutable tokens. Meanwhile, since the market boom began in October 2023, Immutable crypto has been one of the best achievers.
Currently, the altcoin trades between $2.23 and $2.57, with a monthly gain of 76.9%. Analysts have forecasted a price increase to the $3 region in the absence of selling pressure.
Meme Moguls (MGLS) Presale Attracts Investors
Meme Moguls (MGLS) is gaining popularity as a distinctive DeFi project with practical applications in the real world. It offers unique play-to-earn prospects as a gaming token.
Within the Meme Moguls ecosystem, players can participate in both free and paid trading tournaments. These competitions not only offer cash rewards but also the chance to win collectibles like the iconic Pepe.
The DeFi project also includes an in-game store. Players will be able to buy, sell, and trade products in order to earn more MGLS tokens. The wealth leaderboard is a key feature in Meme Moguls. This promotes a friendly, competitive environment by awarding cash rewards to the top 20 players based on their daily profits.
— Meme Moguls (@meme_moguls) December 8, 2023
It also encourages healthy competitiveness amongst players. The project includes “Mogul World,” a virtual environment in which users may interact, mine tokens, and stake them. Staking has grown in popularity as a way to generate passive income, which adds another layer of appeal to joining the Meme Moguls group.
Currently, MGLS tokens are priced at $0.0025. Market analysts are forecasting a potential increase in their value to $0.1 by 2024, making it an attractive project for potential investors.
Dogecoin (DOGE) in the Greed Zone: What Next?
The @DogecoinFear account on X, which is a part of the Cryptocurrency Fear and Greed Index (CFGI), showed that Dogecoin (DOGE) has moved into the “Greed” zone.
Usually, this change shows that an altcoin might experience a correction. This news happened after Whale Alert reported on December 28th that someone moved 230 million DOGE from an unknown wallet to Robinhood.
This might show a future sell-off, but the Dogecoin price stays mostly steady as it keeps over the $0.0900 area. The Dogecoin price has been going down lately, but the Dogecoin group still believes it will go up soon. If this happens, Dogecoin might get back the $0.1 price level.
While Immutable and Dogecoin are at the mercy of whales, Meme Moguls has become the crypto for beginners. Unlike Immutable and Dogecoin, Meme Moguls is still at the presale stage and has not yet launched. This increases its chances for growth in the long term.
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