While Dogecoin (DOGE) captured the spotlight with its meme-inspired rise, there's a shift in focus toward altcoins like Meme Moguls (MGLS) and Solana (SOL). You may be familiar with Dogecoin and Solana, but Meme Moguls is a new ICO now in Stage 2 of its presale. Having raised over $15,000 so far, experts have it tipped as the next 100x token in 2024. Today, we will learn why.
Dogecoin Price Prediction
According to crypto analyst Ali Martinez, Dogecoin (DOGE) has cleared all resistance levels, and its next goal is to reach $0.14. Currently, it is displaying bullish momentum as the Dogecoin price increased from $0.094 on December 8 to $0.097 on December 14.
When looking at the technical analysis for Dogecoin, we can also notice that its value is sitting comfortably above its 100 and 200-day EMAs. Moreover, the altcoin has been experiencing 20/30 (67%) green trading days over the past month.
Due to all these reasons, experts in the field forecast that the Dogecoin price may reach $0.10 before the end of 2023.
Meme Moguls (MGLS): The Best Crypto To Buy
Meme Moguls (MGLS) enters the scene as a token harnessing the power of the meme culture that propelled Dogecoin. At the core of this DeFi project lies a play-to-earn (P2E) game where you can learn all there is to know about investing and wealth-building. On this one-of-a-kind virtual trading platform, every player will start with $100,000 and must complete challenges to turn these simulated profits into cashable returns.
This project has caused a frenzy among the crypto community as global investors are flooding this crypto ICO event. They are looking to obtain the MGLS token before its value skyrockets. MGLS is the native cryptocurrency of the platform, bringing holders governance voting rights, staking rewards, and more.
This utility token also powers all components of the Meme Moguls ecosystem. For instance, the metaverse experience Moguls World, where you can connect with other players, stake, or minetokens. Or the head-to-head contests where you compete to win tokens or rewards against other traders in a winner-takes-all match.
Currently, the MGLS token is worth just $0.0023 as it is in Stage 2 of its presale. Those who bought it early on are enjoying a 21% ROI. But, this percentage will increase as the presale advances. Some experts even foresee its value rising to $0.19 (a 100x ROI) in 2024. This may seem impossible but remember that Shiba Inu has provided early buyers with a 1.6M% ROI in just three years - Meme Moguls has the same potential.
Why Is Solana Going Up?
Solana (SOL) recently saw a bullish trend, which propelled it from $67 on December 13 to $72 on December 14. This surge came after Coinbase announced that it would list the Solana-based meme-coin Bonk (BONK). Now, Bonk is the third-largest meme coin to be listed on Coinbase, behind Dogecoin and Shiba Inu.
The Solana technical analysis shows that this bullish trend will continue as over 25 technical indicators show green for this altcoin. Additionally, the Solana price now sits above its 50 and 100-day EMAs - great bullish signs.
Market analysts point to these factors when making their Solana price predictions. Therefore, they forecast a potential surge to $80 for the Solana crypto before December 2023 finishes - making it one of the altcoins to watch.
Final Thoughts
While Dogecoin and Solana have made their mark, new players like Meme Moguls present exciting opportunities for the future. Its low market cap of $6M means its value would pump much faster as fewer new funds are needed. Dogecoin and Solana will have a hard time as they have market caps of $13B and $31B.
Those purchasing the MGLS token will capitalize on this pump while participating in a Christmas Special event. This event gives you the chance to win $20,000 in MGLS tokens, so follow the link below
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
