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Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are struggling. Meanwhile, the Meme Moguls presale has raised over $2.3 million.&nbsp;
<h2 class="wp-block-heading" id="strong-meme-moguls-presale-hits-2-3-million-strong">Meme Moguls presale hits $2.3 million</h2>
<a target="_blank" href="https://pr.mememoguls.com/1mqrvn" rel="noopener noreferrer nofollow">Meme Moguls</a>&nbsp;is popular due to its unique play-to-earn game and token utility.&nbsp;
Through this project, users can earn rewards, climb leaderboards, stake meme-inspired assets, and earn rewards and NFTs.&nbsp;
You might also like: <a href="https://crypto.news/the-sandbox-axie-infinity-and-meme-moguls-price-prediction-for-2024/" rel="noopener noreferrer nofollow"> The Sandbox, Axie Infinity, and Meme Moguls price prediction for 2024 </a>
Additionally, Meme Moguls provides an exclusive trading environment where traders can share their skills and access diverse investment opportunities.&nbsp;
Its native token,&nbsp;<a target="_blank" href="https://pr.mememoguls.com/1mqrvn" rel="noopener noreferrer nofollow">MGLS</a>, is the lifeblood of the ecosystem, granting governance rights, marketplace access, and potential growth.&nbsp;
The platform has a valuation of $2 million as MGLS trades for $0.0036 in the current presale stage.
<h2 class="wp-block-heading" id="strong-dogecoin-s-dominance-dwindle-strong">Dogecoin’s dominance dwindle</h2>
Dogecoin is down 11% and 21% in the past week and month, illustrating that meme coin’s viability depends on its usefulness.&nbsp;
The meme coin used to be popular due to endorsements from top figures like Elon Musk, and it was even accepted as a payment option by X and SpaceX.&nbsp;
<h2 class="wp-block-heading" id="strong-shiba-inu-struggling-strong">Shiba Inu struggling</h2>
Shiba Inu rallied in the last bull cycle of 2021.
Its creator, Ryoshi, is anonymous.&nbsp;
You might also like: <a href="https://crypto.news/shibarium-witnesses-surge-in-new-users-as-it-hits-transaction-milestone/" rel="noopener noreferrer nofollow"> Shibarium witnesses surge in new users as it hits transaction milestone </a>
Shiba Inu decreased by 23% from mid-December to the New Year.
At the same time, Shibarium–its layer-2 platform, also saw a decline in daily transactions and user activities.&nbsp;
Despite having millions of holders and a high market cap, Shiba Inu is still recovering from the effects of last year’s bear run.
<h2 class="wp-block-heading" id="strong-conclusion-strong">Conclusion</h2>
Dogecoin, Shiba Inu, and other meme coins are under pressure. However, the Meme Moguls is successful as the platform is now worth $2 million. Supporters expect more gains, citing Meme Moguls’ unique play-to-earn system and token utility.
Read more: <a href="https://crypto.news/analysts-say-meme-moguls-mantle-and-vechain-are-potent-sub-0-50-tokens-to-consider/" rel="noopener noreferrer nofollow"> Analysts say Meme Moguls, Mantle, and VeChain are potent sub-$0.50 tokens to consider </a>
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Meme Moguls presale hits $2.3m as Dogecoin and Shiba Inu struggle

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