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Crypto market is in focus today after the U.S. Bureau of Economic Analysis said core personal consumption expenditures price index was in line with expectations in January (read more).

The in-line inflation data this morning is of significant since it may create more room for the Federal Reserve to start cutting rates from June of 2024.

And that, in turn, is significant for the crypto space because lower rates tend to make risk-on assets like cryptocurrencies – including the likes of Meme Moguls more attractive.

But before you choose to invest in Meme Moguls, let’s take a deeper dive into understanding what it is and what it has to offer.

Meme Moguls is a platform that you would perhaps find exciting if you’re looking for more than one means of making money.

To begin with, the project has a native meme coin of its own that it calls the $MGLS token that you can invest in and wait for price appreciation to profit from it.

Meme Moguls also enables you compete with other moguls and earn rewards if you beat them as part of its play-to-earn ecosystem.

Other means of making money on Meme Moguls include staking and trading meme assets to earn profit as you would from the traditional financial markets.

Interested in exploring Meme Moguls further and knowing more about its native $MGLS coin? Click here to visit the platform’s website.

$MGLS is priced at $0.0042 only at writing which means you won’t have to break the bank to secure a sizable position in it.

Demand side of the equation that is broadly seen as an indicator for the future potential of an investment looks positive for Meme Moguls as well considering its ongoing presale has already raised well over $2.8 million.

It is also worth mentioning here that a position in $MGLS enables you to make the most out of this decentralised platform and gives you access to a few exclusive offerings as well including metaverse-related features and NFTs.

Remember that meme coin is a rapidly growing market that went from nothing to $20 billion between 2020 and 2022. If its growth trajectory sustains moving forward, you’d be able to capitalise on it as an owner of the native Meme Moguls token.

Visit the website on this link to find out more about $MGLS.

What makes Meme Moguls all the more exciting for investment in 2024 is the fact that its native token is a cryptocurrency at its core – which means it can benefit from the tailwinds that are expected to help Bitcoin this year.

These include, first of all, the halving event that is scheduled for the coming April or May. BTC tends to rally after its total supply is cut in halve and, being a bellwether, it also tends to drag the rest of the crypto market (which now includes $MGLS) with it in the same direction.

Note that Bitcoin has already rallied sharply since the start of this year to well over $60,000 level on the back of Spot Bitcoin ETFs that Securities & Exchange Commission approved last month.

Still, many experts believe it will continue to push further up in the coming months – and a more pocket-friendly way of benefitting from that rally may be Meme Moguls. You can know more about $MGLS on this link.

The post Is Meme Moguls worth buying after the PCE data today? appeared first on Invezz

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