Tron and Polygon, two top altcoins in the crypto market continue to make waves in the crypto space. While Tron DAO expanded into Turkey, Polygon’s number of unique addresses has increased. Meanwhile, a new crypto project called Meme Moguls has emerged with new features and benefits. Analysts believe Meme Moguls can battle Tron and Polygon. Let’s find out why.
Tron (TRX) Expands Into Turkey
Tron DAO has launched a special Turkish community in Turkey as it seeks to expand its community. According to Tron DAO, the community would be a lively place where cryptocurrency enthusiasts could interact, exchange ideas, and promote new ideas.
This action demonstrated commitment from the TRON DAO to strengthen ties among the international crypto communities. For the majority of 2023, the Tron cryptocurrency has maintained consistent growth. As a result, Tron has climbed into the top 10 cryptocurrencies ranked by market cap.
With a $9.20 billion market value, Tron crypto is ranked as the tenth largest coin by CoinMarketCap. Tron’s TRX has been stuck within the $0.096310 – $0.109823 range. While Tron coin price has dropped 5.3% on the 14-day chart, it has held on to its 10.7% monthly gain.
Polygon (MATIC) Unique Addresses Skyrockets
Polygon (MATIC) entered the crypto space ecosystem as a layer-2 scaling solution. As time passed, Polygon expanded its presence and established itself as a prominent player in the L2 sector. According to information from PolygonScan, the total number of unique addresses on the Polygon network grew from 120,000 in November 2020 to 385,000,000 in November 2023.
Despite the increase in the wallet address, Polygon MATIC has joined the broader crypto market in its downward trend. According to CoinMarketCap, the Polygon price had dropped 11% from a 7-day peak of $0.853909 to a low of $0.743832.
Still, Polygon crypto bulls have held prices above the 50 and 200-day daily EMAs. As a result, Polygon could regain its momentum in the coming weeks. According to our current Polygon price prediction, Polygon crypto price is predicted to rise by 27.68% to $0.950273.
Meme Moguls (MGLS), a Major Contender for Tron and Polygon
While Tron and Polygon remained established cryptocurrencies, analysts have shifted their focus to Meme Moguls (MGLS) citing its potential. The meme coin market cap recently surged above $18 billion and is projected to grow even more in the bull market. Meme Moguls stands to benefit from the rapid growth of the meme coin sector.
The platform intends to introduce the world’s first stock exchange for trading meme assets. For those who enjoy competition and rewards, the upcoming Meme Moguls ecosystem will feature a section called Meme Moguls Fantasy Trader. Here, users can engage in fantasy trading by predicting the performance of meme-related assets.
Additionally, they can earn rewards while trading. This feature has added more excitement to the meme trading experience. Mogul Land, another integral component of Meme Moguls, provides users with a virtual world. Gamers and meme enthusiasts are drawn to Mogul Land for its immersive environment.
This ecosystem offers users opportunities to socialize, explore, mine, and stake tokens. Furthermore, these features offered a sense of belonging within the Meme Moguls community. Currently, MGLS tokens are priced at just $0.0021. Analysts have predicted a potential 1,000% price spike before the end of the presale.