Bitcoin Whales Stockpile Over 76K BTC, Cardano Invests in Blockfrost, Meme Moguls Stage 5 Gains Massive Traction
Recent data indicates that Bitcoin whales, who have accumulated more than 76,000 BTC, are on a buying spree in anticipation of a potential price increase. Cardano has increased the amount it has invested in Blockfrost as a partner.
Meme Moguls, meanwhile, is becoming more well-known in the cryptocurrency market as its blockchain ICO stages 1 through 4 are sold out.
Whales Accumulate Over $3B Worth of Bitcoin (BTC)
Despite the turmoil in the crypto market, Bitcoin (BTC) whales have been on a buying spree. According to data from crypto analytics service company IntoTheBlock, 76,000 Bitcoins have been accumulated since January 1, 2024.
The price of Bitcoin has been declining since the start of the year. However, IntoTheBlock statistics indicate that whales have amassed nearly $3 billion in Bitcoin this year. It’s interesting to note that since at least April 1, 2023, the whale accumulation has been steadily increasing.
This indicates that despite the flagship cryptocurrency rising from a 7-day low of $38,678.19 to a peak of around $44K, investors are still optimistic about it.
Cardano (ADA) Invests in Blockfrost
An investment in Blockfrost was revealed by Cardano’s (ADA) IOG (Input Output Global). According to the report, Blockfrost has benefited developers by offering a scalable and effective way to access Cardano’s blockchain without the need for a local node.
Blockfrost and IOG intend to decentralize mempool access and data provisioning. The long-term objective is to build a framework that will accommodate Blockfrost’s expansion and take into account the preferences of both its users and the greater development community.
Meme Moguls (MGLS) Stage 5 Getting Traction
Unlike most memecoins, Meme Moguls (MGLS) provides a platform where gamers and meme fans can interact to play games. Also, Meme Moguls provides education about finance and investment. Apart from the learning environment, a virtual world is within the ecosystem called Mogul World.
Participants can connect, mine tokens, stake them, and join liquidity pools. The MGLS DeFi cryptocurrency is at the heart of Meme Moguls’ operations, serving as both the native asset and governance token for the Meme Moguls ecosystem and tokenomics.
Interestingly, users of the MGLS token can increase their revenue by participating in various activities on the platform, which allows them to make money while working on the project. Aside from that, players can stake their own tokens in the Meme Moguls staking pool to get annual returns. The higher the tokens they stake, the more the returns. Currently, in Stage 5, the token is priced at $0.0036.
Conclusion
Even though Cardano and Bitcoin are the two most popular cryptocurrencies in the market, experts think Meme Moguls has what it takes to outperform them in the 2024 bull market.
Because of its dynamic pricing approach, Meme Moguls’ price is expected to soar at every stage of its blockchain ICO. After its launch, the analysts predict that it will increase even more.
Visit Meme Moguls Presale
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