"Fulamak made millions of dollars, but he also had a lot of capital that had to come out.
The actions of Netflix's “Conquest” Director Carl Erik Rinsch who made a profit of $27 million after investing $4 million in Dogecoin (DOGE) is an important moment in the acceptance and understanding of cryptocurrencies in the mainstream media or entertainment sector.
Although DOGE was originally a joke, its journey from memecoin to major player in the crypto market has successfully reflected the volatility and opportunistic nature of digital assets.
Even so, other tokens are gaining traction as there are new players quickly moving forward for further growth.
Among them is Moguls, which is memecoin P2E gaming designed as a market or stock exchange that allows users to engage with memecoins through monetary rewards.
As Moguls aims to combine the fun and viral nature of memes with the financial opportunities of the crypto market, price analysts will see significant growth during the pre-sale and afterwards.
As of this writing, DOGE price has plunged by 2.20% to $0.83 in the last 24 hours with a market capitalization of $11 billion but still recorded a gain of 3.22% over the last week.
