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The crypto market is very volatile and competitive. As a result, investors and analysts are constantly monitoring their tokens. Currently, there has been a significant shift in the market. Over 80% of Cardano (ADA) investors in loss appear to be moving their investments to a new crypto project, Meme Moguls (MGLS). Let’s see what Meme Moguls is all about. 
<h2 class="wp-block-heading" id="cardano-investors-in-loss">Cardano investors in loss</h2> 
Cardano, a platform touted as the Ethereum killer, rose to the spotlight in 2021. At the time, ADA prices rallied to an all-time high of $3.10. Unfortunately, the coin has since dropped, losing over 87.99%.&nbsp; 
According to CoinMarketCap,&nbsp;<a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noreferrer noopener">ADA</a>&nbsp;is trading at $0.378, with a market capitalization of $13.3 billion. Moreover, the number of Cardano addresses in losses has risen to over 80%,&nbsp;according to <a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=financials&amp;chart=inAndOut" target="_blank" rel="noopener">IntoTheBlock</a>.&nbsp; 
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The drop in ADA prices can be due to factors such as regulatory uncertainty and market-wide correction. Despite the increase in development and trading activity on <a href="https://crypto.news/cardano-price-rallies-18-percent-four-month-high/" data-type="post" data-id="14212328">Cardano</a>, ADA is still struggling. 
As a result, many are reconsidering whether to dump the coin for alternatives. As it is, some of them are exploring Moguls. 
<h2 class="wp-block-heading" id="the-meme-moguls-ecosystem">The Meme Moguls ecosystem</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ejjivfuqAasfST9Gs3wx1p_nhmmSUFJvAk3Cnw6DV8QKdQQmw7OuCdEQbXrwjbfhjZSG59Sla7RTmhXkqtSZBa7YGKgdpPKHXuM4rSW08YT7xlFshaH59Bgzxp8SMZm7fufEoCecG6OIEJOZdKNOkzg" alt="Cardano holders in red, more investors exploring Meme Moguls - 22">
</figure> 
Amid the recent market correction affecting ADA, some investors are exploring alternatives like Meme Moguls, a project aiming to establish the first meme-backed stock market/exchange.&nbsp; 
Meme Moguls seeks to redefine the intersection of memes and crypto trading, offering a distinct user experience. 
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The project encompasses several components, including the Moguls Casino for gameplay using meme-related assets and&nbsp;<a target="_blank" href="https://pr.mememoguls.com/1qh719" rel="noreferrer noopener">MGLS</a>, its native token. The Moguls Exchange Trading Platform facilitates meme-based asset trading, and the Meme Moguls Fantasy Trader section allows users to compete for rewards. 
Mogul Land is a significant aspect of the ecosystem. It is a metaverse environment enabling user interaction and collective token mining. 
Users can stake tokens in liquidity pools to enhance profitability, and the ecosystem provides meme-inspired materials to inform trading decisions based on meme trends. The network includes a staking mechanism, allowing users to earn additional tokens by staking their MGLS. 
MGLS is currently available at $0.0019 in the ongoing presale. Analysts are bullish, expecting more gains for the token in the days ahead. 
<a href="https://pr.mememoguls.com/1qh719" target="_blank" rel="noreferrer noopener">Visit Meme Moguls</a> 
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Cardano holders in red, more investors exploring Meme Moguls

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