The post A Insight Into Bitcoin’s Price History, Chainlink and Meme Moguls Soaring appeared first on Coinpedia Fintech News
In the past few years, the pioneering cryptocurrency, Bitcoin has significantly declined as well as its fellow coin — Chainlink. In view of these turnouts, other altcoins and stable coins were introduced to battle high volatility. Alongside that, a meme coin with unique utility features has entered the market – Meme Moguls. This article will go over each of these coins and give you an overview.
An Insight into Bitcoin and its Rocky Price History
Bitcoin (BTC) was originally designed to be used as a payment method. However, the roller-coaster of price fluctuations became a headache when investors and traders started using it for investment. Among other digital assets, Bitcoin’s price history has been one of the most chaotic with prices going as high as $68,991 in November 2021 to as low as $6,635 in December 2019.
The legacy crypto asset (by design) is expected to maintain an increase due to its overwhelming dominance in the cryptocurrency market. It is also important to note that Bitcoin can only be mined 21 million times. Hence, the closer it gets to that limit, the more demand and increase it’s expected to gain. Bitcoin price today might have declined but it is still a good buy for long-term rewards.
Chainlink Price Prediction: Will it Drop Further?
For the most part, after being introduced in 2017, Chainlink quickly recorded a massive success. However, due to poor organization, a scandal story involving them surfaced which almost cost their reliability.
Fortunately, that was not the end of the race for the biggest provider of data to smart contracts, with Chainlink coin (LINK) beginning to pick up again in 2019. Fast forward to this year— over the past eight days, Chainlink coin experienced a modest decline of 3.39%, transitioning from $15.02 on November 15 to $14.51 on November 23.
While industry enthusiasts foresee a bullish run, the question “Is Chainlink a good investment?” still attracts indifferent comments from experts. But, Chainlink still ranks at 12th position in the overall market, making it not a bad choice for consideration.
Meme Mogul (MGLS) Innovative DeFi Platform
Facing the volatility of native cryptocurrencies is not a favourable journey for both investors and traders. Many emerging asset classes like stablecoins have surfaced in an attempt to mitigate losses. The innovation of the DeFi earning platform Meme Moguls is taking a different approach.
Instead of accumulating digital assets or currencies in your portfolio and waiting for an opportunity to invest or trade, Meme Moguls is the first world’s meme-based assets exchange platform and a pair-to-pair (P2E) earning platform that grants the opportunity for periodic earnings through constant active trading, lending, and staking incentives.
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$MGLS #memecoin pic.twitter.com/IjjXAy7DGH
— Meme Moguls (@meme_moguls) November 24, 2023
The platform presents an ecosystem that includes a virtual casino, trading activities, rewarding competitions, and a metaverse called the Mogul Land where you can mine more tokens, stake your tokens, and earn rewards in a liquidity pool.
You’ll be able to earn any time you like as even collecting NFTs is not left out. These NFTs can be earned after gameplays and sold on platforms like Opensea. You can now join the futures of memes for only $0.0021.
#PressRelease [Source: Coinpedia]