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 <p class="is-style-lead">The crypto market is very volatile and competitive. As a result, <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> and analysts are constantly monitoring their tokens. Currently, there has been a significant shift in the market. Over 80% of Cardano (ADA) <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> 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.</p>
 <h2 class="wp-block-heading" id="cardano-investors-in-loss">Cardano investors in loss</h2>
 <p>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;</p>
 <p>According to CoinMarketCap,&nbsp;ADA&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 IntoTheBlock.&nbsp;</p>
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 <p>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 Cardano, ADA is still struggling.</p>
 <p>As a result, many are reconsidering whether to dump the coin for alternatives. As it is, some of them are <a rel="noopener noreferrer nofollow" title="exploring" href="https://thebittimes.com/tag/exploring.html">exploring</a> Moguls.</p>
 <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://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/ejjivfuqAasfST9Gs3wx1p_nhmmSUFJvAk3Cnw6DV8QKdQQmw7OuCdEQbXrwjbfhjZSG59Sla7RTmhXkqtSZBa7YGKgdpPKHXuM4rSW08YT7xlFshaH59Bgzxp8SMZm7fufEoCecG6OIEJOZdKNOkzg" alt="Cardano holders in red, more investors exploring Meme Moguls - 1">
 </figure>
 <p>Amid the recent market correction affecting ADA, some <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> are <a rel="noopener noreferrer nofollow" title="exploring" href="https://thebittimes.com/tag/exploring.html">exploring</a> alternatives like Meme Moguls, a project aiming to establish the first meme-backed stock market/exchange.&nbsp;</p>
 <p>Meme Moguls seeks to redefine the intersection of memes and crypto trading, offering a distinct user experience.</p>
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 <p>The project encompasses several components, including the Moguls Casino for gameplay using meme-related assets and&nbsp;MGLS, 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.</p>
 <p>Mogul Land is a significant aspect of the ecosystem. It is a metaverse environment enabling user interaction and collective token mining.</p>
 <p>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.</p>
 <p>MGLS is currently available at $0.0019 in the ongoing presale. Analysts are bullish, expecting more gains for the token in the days ahead.</p>
 <p>Visit Meme Moguls</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cardano-holders-in-red-more-investors-exploring-meme-moguls-tbt70086.html">https://thebittimes.com/cardano-holders-in-red-more-investors-exploring-meme-moguls-tbt70086.html</a></p>

Cardano holders in red, more investors exploring Meme Moguls

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