Ripple (XRP) is bouncing back after its partnership announcement with the leading African payment network, Onafriq. Elsewhere in the market, Solana (SOL) has been making waves with its recent achievements. And amidst all the hype and excitement, a new player is gaining attention — Meme Moguls (MGLS). Let’s take a closer look.
Ripple (XRP) Partners with Onafriq to Revolutionize African Payment Networks
Ripple is rising from the post-SEC lawsuit slump with its latest partnership announcement. Onafriq, a leading African payment network, will leverage Ripple’s technology to facilitate fast and cost-effective cross-border payments. This collaboration aims to improve financial inclusion and spur economic growth across the continent.
Onafriq boasts a vast network, connecting over 500 million mobile wallets across 40 African nations and operating in 1300 payment corridors. Such a large reach will allow Ripple to expand its presence in the African market and establish itself as a global leader in cross-border payments.
Ripple holders have had a rough few years due to the SEC lawsuit, which accused Ripple of illegally selling unregistered securities. However, with this partnership, XRP holders can breathe a sigh of relief as it indicates that Ripple is actively expanding its use cases and partnerships.
The news is already positively impacting the price, which has pumped to $0.61 since the mid-October price of $0.47. Market analysts note that Ripple could soon test the $0.90 resistance level before the end of the year. With its integration with Onafriq, Ripple is poised to regain its position as a top cryptocurrency.
Solana (SOL)’s Current Market Position
Solana is an alternative layer-1 blockchain setting a new standard for scalability and transaction speeds. It has gained significant traction in recent months, with its native token SOL surging over 500% since the beginning of the year.
However, can the price of Solana keep on making gains, or is it approaching a plateau? According to recent news and the chart technicals, Solana is expected to pull back as it reaches its resistance level of $80. This could be a temporary correction as the overall sentiment for SOL remains bullish.
Solana is expected to fall to the 0.382 Fibonacci retracement level, which converges with the 200-day moving average on the 4-hour chart at around $48. This level will likely provide strong support and could serve as a potential entry point for those looking to buy or add more Solana to their portfolio.
Some Solana holders are diversifying their investments by acquiring MGLS while it’s the lowest price it will likely ever be. It offers an opportunity to get in on the ground floor on a potential price explosion while Solana finds its footing.
Meme Moguls (MGLS) in the Billion-Dollar Meme Industry
Meme Moguls is gearing up to debut the world’s first meme-centric stock market. This first-of-its-kind platform will enable users to effortlessly buy, sell, or trade assets based on popular memes, and analysts have high hopes for its success.
Meme Moguls ( $MGLS ) Official Links 🐕🐸🐻
ALWAYS. VERIFY. pic.twitter.com/5ui7MPkI5Y
— Meme Moguls (@meme_moguls) November 20, 2023
But it’s not just about transactions — Meme Moguls also cultivates a vibrant community, allowing users to connect with fellow meme enthusiasts, participate in contests and events, and earn rewards.
The ecosystem also includes a thrilling Moguls Casino for gaming with meme-based assets, a competitive Fantasy Trader game for strategizing and competing with other users, and an immersive experience in Mogul Land, a metaverse world for token mining, joining liquidity pools, and token staking.
The MGLS sits at the core of this ecosystem, serving as the native currency for transactions and incentives. It can now be bought for just $0.0021 in the first presale phase, but its value is expected to rise by 1,000% as the presale gains momentum.
Meme Moguls has planned an exciting giveaway at the end of each presale phase to encourage active participation. One lucky participant from the X platform will have the opportunity to win $10,000. This means that those who join the presale now invest in a promising token and stand a chance to win a substantial prize.
With such a unique concept that transforms the billion-dollar meme industry (according to Statista) into a lucrative marketplace, Meme Moguls could even overtake Solana as the price of the MGLS token continues to rise.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up