Analysts have forecasted massive price growth for Pepe (PEPE), Meme Moguls (MGLS), and Shiba Inu (SHIB).

Meme coins have gained huge traction in the crypto market lately, thanks to their meteoric price growth. Analysts have picked Pepe (PEPE), Meme Moguls (MGLS), and Shiba Inu (SHIB) as three meme coins that will see massive growth in Q1 2024.

Meme Moguls (MGLS) To Ride on Meme Industry Growth 

According to Statista, in 2020, the global meme industry was worth $2.3 billion. It's projected to reach $6.1 billion by 2025. Meme Moguls (MGLS) aims to capitalize on this growth, aiming to surpass Pepe and Shiba Inu. Let's learn more about the Meme Moguls project. 

It plans to launch the world's first meme-backed stock market/exchange, creating an innovative and engaging ecosystem. One exciting part is the Moguls Casino, where you can enjoy games with meme-related assets and MGLS tokens. Additionally, there's the Moguls Exchange Trading Platform, allowing you to trade meme-based assets. 

You can also join the Meme Moguls Fantasy Trader section, competing with fellow moguls for rewards. Another intriguing aspect is Mogul Land, a metaverse world where users can mine tokens and take part in liquidity pools. Apart from earning opportunities, Meme Moguls has a vibrant community. 

Active members can expect exclusive rewards and valuable NFTs, tradable on Opensea. Furthermore, the platform promises engaging gameplay and tournaments, providing opportunities to earn extra rewards. Currently, during its presale phase, MGLS tokens are priced at just $0.0019. Interestingly, analysts predict a potential 1000% price increase by the end of the presale.

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Pepe (PEPE) Gets Support From Dogecoin Millionaire

Pepe (PEPE) has regained its upward movement lately, thanks to recent events in the market. According to Pepe CoinMarketCap, the Pepe coin price is $0.00000131, and it went up by 21% in the last week.

This increase in price could be due to support from Glauber Contessoto, a Dogecoin millionaire. Contessoto chose Pepe Crypto as one of his top 10 cryptocurrency investments. According to him, Pepe cryptocurrency shares the same fun vibe that made him like Dogecoin.

Even though the Pepe price went up recently, it is still 69% lower than its highest price of $0.000004354 in May. Nevertheless, Pepe is up 105% in the last month. Besides, analysts see the Pepe token rising to $0.0000023998 in Q1 2024.

Whale Burns 140M Shiba Inu (SHIB) Tokens

According to Shibburn, the Shiba Inu burn rate has gone up significantly by 1,351%. SHIB supporters have managed to take a huge number of Shiba Inu coins out of circulation. Notably, they burned 140,090,900 SHIB meme coins. 

This was achieved through seven transactions, with the biggest one involving a staggering 100,000,000 Shiba Inu coins. Meanwhile, the Shiba Inu coin has responded positively, rising 2.3% to $0.000008332. 

The Shiba Inu chart shows it is trading above the 50 and 200-day EMAs, a sign of bullish activity. Analysts have forecasted the meme coin to soar to  0.00001893 in the first quarter of 2024.