In a major market move, NEAR Protocol (NEAR) experienced a substantial surge of 80% in the past week, fueled by the increase in trading volume. The market capitalization saw a major increase as well, leading many to diversify with this cryptocurrency.
But it’s not the only altcoin to experience significant growth, as Meme Moguls (MGLS) is also seeing an uptick.
NEAR Protocol (NEAR) Grows 80% During the Week
The surge in both price and trading activity of NEAR Protocol (NEAR) suggests a heightened level of market participation and investor interest. The cryptocurrency gathered attention due to its unique approach to blockchain technology, as NEAR Protocol puts an emphasis on scalability and user-friendly decentralized applications (dApps).
This recent price surge and the increase in value are indicating growing interest and enthusiasm. Detailed on-chart data suggests that NEAR Protocol grew in value from $2.40 to $4.50. Investors and analysts are likely to track the market dynamics of the crypto to determine how far it can rise.
Meme Moguls (MGLS) Also on the Rise
Meme Moguls (MGLS) has seen bullish momentum in the market as it establishes a meme-backed exchange where players can access a P2E ecosystem. It is built on top of the Ethereum network, and will feature simulated trading through which players can improve their trading strategy.
Each player will begin with virtual currency, where the starting value is $100,000 (play money). They can use these funds to begin trading in the virtual environment, but there is also an opportunity to turn them into real money rewards by engaging throughout the various aspects of its ecosystem.
Traders can stake the native MGLS crypto on top of the Fantasy Trading platform as well. By doing so, they can earn fixed capital gains. The ecosystem will even feature a Farming Program where anyone can engage with staking pools.
During Stage 3 of its crypto ICO, there will be a $10,000 giveaway. Participants can enter Zelay in order to participate. They need to complete criteria in order to qualify for these rewards. This includes making original Tweets, retweets, and comments and using the #MemeMogulsGiveaway hashtag in their tweets.
Players can also buy or sell NFT characters, which can vary in rarity, enhance their trading capability, and improve their conditions.
NEAR Protocol (NEAR) saw a rapid upswing in value, impressing many traders. Yet, many are turning towards the crypto ICO of Meme Moguls, as it has seen rapid growth. At Stage 3, MGLS trades at $0.0025.
Learn more about the $MGLS here:
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