Following this month's decision by the SEC in support of the cryptocurrency sector, more investors are stepping up their efforts to identify the most profitable cryptocurrencies to invest in. Without a doubt, Solana-based memecoin BONK has performed admirably following its listing on prominent exchanges like Coinbase and Binance. However, it has also shown a great deal of volatility, which makes forecasting future prices difficult.
On the other hand, Dogecoin investors are affected by recent reports of a significant selloff. As things stand, $DOGE price projections for the future are uncertain. With the cryptocurrency market constantly changing, Meme Moguls ($MGLS) appear as a token with the potential to outperform these coins. With its ongoing stage 5 presale, it has already raised over $1.8M attracting over 13,000 investors.
BONK Exhibits Resilience Amidst Market Correction
BONK, a meme coin on the Solana blockchain, has experienced a 20% decrease in value in just one week. Evidently, its listing on CoinMarketCap has fueled its growth, but as the market shifted it has affected the price trajectory of this meme coin.
Notably, BONK launched on the Solana blockchain on December 25, 2022, and was primarily designed by a group of developers within the Solana community to restore liquidity to Solana-based decentralized exchanges (DEXs).
As a result, $BONK can be used to mint NFTs, enter lotteries, and play casino games in several Solana projects. After Solana fell from $117 to $107 in mid-December of 2023, $BONK lost more than 60% of its price.
This decline further weakened every effort of all the rallies to resist the pressure to sell. BONK hopes to allay these worries by eventually developing its own DAO and connecting it with other Solana components.
Dogecoin (DOGE) Price Outlook Suggests Turbulent Future
Since its launch, the Dogecoin network has gained wide recognition, with a market capitalization of over $11 billion. Elon Musk's tweets on X and the company's partnership with regular investors on Reddit affected the coin's worth and price.
The enormous supply of this top crypto coin and its devoted fan base, known as "Shibes," helped it attain a high market cap despite its low value per coin. In November 2021, events changed as the price boom of Bitcoin did not impact $DOGE positively, in contrast to other coins. The token situation worsened in 2022 as its value kept declining. Even though it was still far below its peak in 2023, $DOGE maintained stability.
However, this month, $333 million DOGE, was found to have been transacted on the chain by market experts. With these coins valued at around $27 million, analysts speculate that significant $DOGE sell-offs could be about to start. According to past market tendencies, the price of Dogecoin will impact a selloff of this size.
Meme Moguls (MGLS) Raises Over $1.8M in Ongoing Stage 5 Presale
Meme Moguls (MGLS) is the first stock market/exchange backed by memes, providing clients with an exciting and entertaining experience. Users can exchange meme-based assets and partake in activities, such as the Moguls Casino and Trading Platform, with the $MGLS token. Users can earn more $MGLS tokens on the site with staking, which features a variety of meme-inspired assets.
After that, they get access to different gaming features and might participate in competitive virtual stock market trading among their pals. Each player can finish tasks and challenges to go up the Wealth leaderboard.
On X, there's a $10,000 worth of MGLS tokens giveaway going on right now for active community members. Analysts anticipate a 100x upsurge at launch. With over $1.8 million raised so far, MGLS is selling for $0.0036 in stage 5 of its ongoing token presale. The project is equally offering a 30% deposit bonus to new users in the current stage 5 of presale.
According to analysts' predictions, one major coin to look out for in 2024 is $MGLS which boasts unrivalled potential among its peers. Moreso, given its unique attributes and revolutionary features, Meme Moguls is positioned to rank among the top three meme coins upon launch.
Click Here To Take Part In The Meme Moguls Presale
Visit the links below for more information about Meme Moguls (MGLS):www.mememoguls.com
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