- Stellar (XLM) is poised to launch smart contracts on its mainnet.
- Meme Moguls (MGLS) could emerge as a standout meme crypto project in this market cycle.
- MGLS is priced at $0.0036 in presale stage 5, up 89% from its initial $0.0019 price.
Stellar announced on Wednesday that the vote to activate its long-awaited software upgrade, Protocol 20, is scheduled to proceed as planned on January 30, 2024. Price action for XLM turned positive over the past 24 hours as renewed interest followed the potential impact of the upcoming network changes.
Elsewhere, rising market confidence in a new meme-focused exchange, Meme Moguls (MGLS), has driven investors into its presale. Discover why XLM and MGLS could present compelling investment opportunities in 2024 and beyond.
Stellar prepares for Protocol 20 upgrade
In December 2023, the Stellar Development Foundation (SDF) said its work to bring smart contract functionality to Stellar had reached a key milestone. The network plans to launch Soroban smart contracts on mainnet following a validator vote set for January 30.
The software upgrade enabling these capabilities is Protocol 20, which SDF confirmed will be put to a validator vote on the 30th. A phased rollout will follow to introduce Soroban gradually and safely.
Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, said the Soroban smart contract rollout represents “the foundation for a more inclusive future” for Stellar. Community enthusiasm around XLM is already visible.
Meme Moguls offers a meme-driven exchange and earn opportunities
As the broader crypto market shows early signs of recovery after recent declines, attention in the presale arena has shifted toward tokens that may be overlooked but offer significant upside potential.
In the meme coin space, traders often hunt for the next Dogecoin or Shiba Inu by searching presales for hidden gems. One project gaining traction is Meme Moguls.
Meme Moguls combines a simulated trading platform for the hottest meme tokens with play-to-earn tokenomics. This approach gives the meme coin community a chance to earn from viral token performance while enjoying an engaging P2E gaming environment.
Beyond simulated trading and the chance to become a “mogul,” Meme Moguls attracts interest for another reason: holding the native MGLS token grants exclusive access to passive income opportunities.
The platform’s native token, issued on Ethereum, allows holders to participate in staking via a stake-and-earn feature. In addition, players can unlock unique NFTs through in-game achievements, and those NFTs may be traded on marketplaces.
Are Stellar (XLM) and Meme Moguls (MGLS) good buys today?
XLM is the native cryptocurrency of the Stellar blockchain ecosystem. Its primary use as a transaction currency empowers Stellar’s distributed payments network.
With the upgrade introducing smart contract capability approaching, XLM appears positioned for upward momentum as it hovers near $0.11. Having declined nearly 12% over the past month, dips could represent buying opportunities for investors looking to add to their portfolios.
Notably, Stellar reached a peak of $0.8756 during its 2018 high, indicating that a renewed bull run could recover a significant portion of the lost ground since then.
Conversely, the utility offered by Meme Moguls means MGLS could become one of the hottest meme projects. Analysts tracking meme coin trajectories and Meme Moguls’ potential to capture its niche view MGLS as a token with outsized upside potential.
That outlook has added momentum to the project’s presale, helping it raise over $1.9 million to date.
Currently, MGLS trades at $0.0036 in presale stage 5 — an impressive 89% increase during this phase. Early participants stand to realize further gains after later presale stages conclude and Meme Moguls enters public markets.
If you are considering purchasing Meme Moguls, visit their website for more information.