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Memecoins Pepe, Shiba Inu, and Meme Moguls are experiencing significant price rallies as the DeFi market continues to boom. After a minor dip, Shiba Inu and Pepe have continued to rise, causing daily trading volume to increase as investors look to capitalize on additional price rallies. Meanwhile, the Meme Moguls presale is quickly gaining momentum as thousands of investors buy into what could be the biggest memecoin of 2024.

>> Can You Predict The Next 1000x Meme Coin? Become A Meme Mogul Today <<

Shiba Inu’s Ecosystem Is Set To Boom In 2024

The Shiba Inu ecosystem expanded significantly in 2023 with the release of Shibarium. This new scalability platform has sped up Shiba Inu adoption, making transactions faster and cheaper. Having hit $50 million in transactions just 3 months since its release, analysts have high hopes for Shibarium and the future of Shiba Inu.

Crypto whales are also showing their support for Shiba Inu. Whale transactions have increased by 363% in December, driving up Shiba Inu’s value an additional 18% over the last 7 days. As more whales continue to invest in the project, experts believe that Shiba Inu could surge in 2024.

Pepe Up 37% In December

Pepe has shocked the crypto market over the last week, increasing in value by 37.33%. The memecoin is now trading at $0.000001518, and its daily trading volume has hit over $200 million.

Despite having little utility, investors continue to buy Pepe at record rates. According to analysts, Pepe could hit $0.000005 before the end of the year, and could be on track to hit a new all-time high in Q1 of 2024.

However, Pepe is reliant on the bull market to hit these predictions. Should Bitcoin decline in value, Pepe is likely to follow, making it a risky investment.

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Author: Crypto Daily

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