Solana-Based Helium (HNT) Jumped 50% In An Instant, This New Altcoin Could Be Next

December 14, 2023 John Altcoin 0

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The Sudden Rise of Helium (HNT)

Solana is a high-performance blockchain that has gained significant traction recently due to its scalability and low transaction fees. Helium is using this platform to develop a decentralized wireless network for the Internet of Things (IoT), creating a revolutionary way of connecting devices and machines.

The Helium project is now benefiting from the sudden De-PIN (Decentralized Physical Infrastructure Networks) movement sweeping across the industry. De-PIN is a novel concept that sees people work together to create a decentralized network that puts the power back into their hands.

Helium was one of the first De-PIN projects, but it became a forgotten project until this De-PIN narrative took off and people realized what the project had been building. Notably, Helium has just launched an unlimited phone plan for $20 per month via its Helium Mobile network.

Credits: Supplied Image; Author: Client;

Helium (HNT) 2024 Price Prediction

The price of Helium recently surged by more than 50% within a day. Analysts suggest this surge could be due to the excitement around De-PIN and its potential for widespread adoption, as well as the launch of Helium Mobile.

The Helium chart shows that the explosive nature of this price rise is due to breaking the $3.00 resistance level since late 2022. This could lead to a fresh Helium bull run, and many analysts predict that the price could surpass the all-time high of $55.00 by the end of 2024.

Achieving a price of $55 would give Helium a market cap of more than $11 billion. With the current rise in interest in De-PIN projects and the adoption of Helium Mobile, analysts believe this target is achievable. But is there another project that could follow in Helium’s footsteps?

Meme Moguls (MGLS): Gameplay Dynamics and Wealth Building

Meme Moguls is an upcoming play-to-earn platform where the fun of memes meets the financial rewards of stock trading. In this game, players engage in buying, selling, and trading stocks of trending memes, aiming to climb the ranks on the Wealth Leaderboard and turn virtual success into real-world profits.

Players can start with $100,000 in virtual currency and build wealth through strategic trading decisions. Jump into public competitions, create your own, battle 1v1, or “Beat the Market” to try and beat financial indices like the S&P 500. There’s always an opportunity to test skills against others, and the rewards are not far behind.

With MGLS tokens, NFTs, and other meme-based assets gifted to top performers, players can turn virtual success into tangible rewards. These NFTs of rare characters can be used to upgrade trading conditions or be sold on the marketplace for real money.

For those who want an immersive experience without the competition, the Moguls Land metaverse offers various interactive activities like token mining, participation in liquidity pools, and staking opportunities, allowing users to earn and grow their MGLS tokens within the platform.

Evaluating the Presale Event and Future Prediction

MGLS tokens play a key role in the ecosystem, acting as the currency for all transactions within Meme Moguls. They also serve as governance tokens so holders can have a say in the platform’s development and future direction. There is a total supply of 3 billion MGLS tokens, with 60% up for grabs during the Meme Moguls presale event.

The current price of $0.0021 means MGLS has a market cap of just $6.3 million. However, this presale price is scheduled to keep rising as more tokens are sold. Analysts note that MGLS has the potential to 100x when it hits tier-1 exchanges next year, especially with Statista predicting the meme industry to grow to $6.1 billion by 2025.

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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The views expressed on this page are those of the author and not of The Portugal News.