- Stellar (XLM) is preparing to launch smart contracts on its mainnet.
- Meme Moguls (MGLS) could emerge as a leading crypto meme project in this market cycle.
- MGLS is priced at $0.0036 in presale stage 5, an 89% increase from the initial $0.0019.
Stellar announced on Wednesday that a vote on the much-anticipated software upgrade, Protocol 20, is scheduled as planned for January 30, 2024. XLM’s price has turned positive in the last 24 hours as renewed interest builds around the potential impact of this network change.
Elsewhere, market confidence in the new meme-powered exchange Meme Moguls (MGLS) has driven investor demand during its presale. Read on to find out why XLM and MGLS may present attractive investment opportunities in 2024 and beyond.
Stellar ready for Protocol 20 upgrade
In December 2023, the Stellar Development Foundation (SDF) announced a major milestone in its effort to bring smart contract functionality to the Stellar network: Soroban smart contracts are set to be deployed to mainnet pending a validator vote on January 30.
The software update enabling this functionality is Protocol 20, which SDF has confirmed will proceed to a validator vote on the 30th of this month. A phased rollout will follow to ensure a smooth transition.
Denelle Dixon, CEO of the Stellar Development Foundation, described the Soroban smart contract launch as “the foundation for a more inclusive future” for Stellar. That optimism is evident across the XLM community.
Meme Moguls offers opportunity with meme-powered exchange
As the broader crypto market appears to recover from recent downside action, attention in the presale market has shifted toward tokens that fly under the radar but offer significant upside potential.
In the meme coin space, many investors are hunting for the next Dogecoin or Shiba Inu. One project currently standing out is Meme Moguls.
Meme Moguls is a platform that combines simulated trading of trending meme tokens with play-to-earn mechanics. This approach allows the meme coin community to profit from viral token performance while enjoying an engaging P2E gaming environment.
Beyond simulated trading and the chance to become a “mogul,” a core reason for Meme Moguls’ strong interest is that holding the native MGLS token grants exclusive access to passive income opportunities.
The Ethereum-based platform’s native token enables holders to participate in staking through a stake-and-earn feature. Additionally, players can earn rare NFTs via in-game achievements; these NFTs can be traded on marketplaces like Opensea.
Are Stellar (XLM) and Meme Moguls (MGLS) good buys today?
XLM is the native cryptocurrency of the Stellar blockchain ecosystem. Its primary role as a transaction currency supports the decentralized platform’s digital payments network.
Ahead of an upgrade that adds smart contract capabilities, XLM appears poised for upside momentum while trading near $0.11. With prices down nearly 12% over the past month, some investors may view current levels as a buying opportunity to add to portfolios.
Notably, Stellar once peaked at $0.8756 in 2018, illustrating that a strong bullish rally could recover a significant portion of prior losses.
On the other hand, the tools and features provided by Meme Moguls position MGLS as a potential standout in the meme market. Analysts tracking meme-token trajectories and Meme Moguls’ ability to capture market share have labeled MGLS as a possible high-multiple opportunity.
That optimistic outlook has fueled presale momentum, pushing total funds raised above $1.9 million.
Currently, MGLS is priced at $0.0036 in presale stage 5, reflecting an 89% increase in this phase. Early participants could realize additional gains after the final presale stage concludes and Meme Moguls begins trading publicly.
Are you interested in acquiring Meme Moguls? Visit their website to learn more about participation in the presale and token utility.