This article will discuss the long-awaited release of Chainlink’s staking protocol and what it means for LINK holders.
We will also touch upon the recent trend of Dogecoin holders moving towards Meme Moguls (MGLS) in search of higher returns.
Let’s get started.
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Chainlink (LINK) Approaches New Staking Protocol
The long-awaited Chainlink staking upgrade was launched to the general public on November 28th, 2023.
This marks a significant milestone for the project as it aims to revolutionize how LINK tokens are used within the Chainlink network.
17.4 million LINK tokens have been staked in the official pool so far.
Chainlink users can now participate in staking their LINK tokens and earn rewards for securing the network.
This not only provides an additional incentive for LINK holders but also contributes to the overall security of the decentralized Oracle network.
Early reports show that stakers receive 4.75% APR as a reward for staking their LINK tokens.
This is a great return for individuals planning to hold onto their LINK tokens long-term.
Ethereum pumped 600% when staking was announced, so LINK holders are hoping for a similar response from the cryptocurrency market.
Pricewise, Chainlink is up by more than 100% in the last five weeks.
Investors are optimistic about the staking upgrade and its potential to attract more users to the network.
The next resistance sits at around $16, and if Chainlink breaks through, we could see a new all-time high for LINK in 2024.
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Dogecoin (DOGE) Community Explores New Horizons
Dogecoin remains the leading memecoin ten years after its creation, with its market capitalization reaching $80 billion at one point.
However, the cryptocurrency has stagnated this year and is yet to recover from the 2021 crash that dragged Dogecoin down by 95%.
The Dogecoin rally was based on Elon Musk’s tweets and peak retail interest, but it’s clear that the memecoin has a limited use case.
More retail investors are realizing this and opting to invest in other popular meme coins like Meme Mogul (MGLS).
Meme Moguls is building a whole ecosystem of fun and financial rewards for meme enthusiasts.
In comparison, Dogecoin has failed to evolve beyond its meme status and needs a clear direction for its future.
This has led to many Dogecoin holders switching to Meme Moguls, hoping to capitalize on the growing popularity of meme coins.
The one saving grace for Dogecoin could again be the support of Elon Musk.
The billionaire has hinted at improving the coin’s utility and potentially using it as a payment option for his companies, especially X (formally Twitter).
Dogecoin tends to perform best when Bitcoin has made a new all-time high, and the retail hype is at its peak.
The $0.10 – $0.11 key resistance level is the line in the sand for the Dogecoin bulls.
If they break through and hold it, we could see a new rally towards $0.20.
Meme Moguls (MGLS): Memes to Mainstream Crypto Investment
Setting itself apart in the thriving meme token landscape, Meme Moguls presents a captivating play-to-earn model centered around fantasy meme market trading.
The Meme Moguls platform users can buy and sell virtual meme stocks, predict their value, and earn rewards for successful trades.
The great aspect of Meme Moguls is the strong focus on community spirit and collaboration.
Users can share their meme research and strategies and compete in various challenges to earn additional rewards.
This creates an engaging environment and allows the community to exchange ideas and knowledge.
Meme Moguls has implemented a staking protocol for its native MGLS token, allowing users to earn passive income while supporting the platform’s growth.
This rewards system incentivizes user engagement and helps secure the platform’s sustainability.
Moreover, users can earn exclusive rewards by actively participating in the ecosystem.
For instance, NFTs are rewarded to those who unlock achievements and complete specific quests.
These NFTs can be traded on the platform or a third-party market like OpenSea.
The MGLS token is available at an enticing price of $0.0019 during the first presale stage.
Given the platform’s connection to the rapidly growing meme industry, which Statista valued at $2.3 billion in 2020, analysts predict a 1,000% increase in the token’s value by the end of the presale.
For more information about the Meme Moguls (MGLS) presale:
Website: https://mememoguls.com/
Buy presale: https://app.mememoguls.com/sign-up
Twitter: https://twitter.com/meme_moguls
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