Several altcoins have piqued the interest of traders seeking promising opportunities in the cryptocurrency market. Currently, Bonk (BONK), Meme Moguls (MGLS), and Chainlink (LINK) are three of the hottest altcoins. While BONK and LINK are well-established players, MGLS is a new ICO in stage three of its presale that many experts hint may surge by 100x in 2024. Let's find out why.
The crypto exchange WazirX recently announced a new Bonk (BONK) trading pair listing – BONK/INR. With this development, you can now buy, sell, or trade the Bonk crypto in the Indian Rupee market of WazirX. Meanwhile, Bonk has been on a tear this December, rising from $0.0000040 on December 1 to $0.00001287 on December 28.
From a technical perspective, this bullish trend may continue as its Fear & Greed index rating shows a 73 (Greed). This altcoin is now trading above its 21-day EMA – good bullish signs.
Because of these reasons, market analysts predict that Bonk may trade at the $0.00001429 level in January 2024.
According to Statista, the meme industry will be valued at $6.1B by 2025 – and Meme Moguls (MGLS) will enter it with a bang. It will develop a unique meme coin with utility as a governance token and in-game currency, the MGLS token. This token will power the Meme Moguls play-to-earn (P2E) game, where you can learn all there is to know about wealth-building.
In this game, you will start with $100,000 virtual cash in your portfolio. You can convert all your virtual profits into actual cashable returns by completing challenges and trading missions. If you wish to help work on the project, you may join the Farming program, which will reward you with MGLS tokens.
Currently, the MGLS token is worth just $0.0025 as it is in stage three of its presale. Those who bought it early on are enjoying a 31% ROI. Holding it brings you many perks, such as governance voting rights. Demand is sky-high, with over $1M raised for Meme Moguls. Because of this, and it is a one-of-a-kind meme coin, experts foresee its value reaching $0.25 in 2024 – a 100x return if you buy it now.
If interested, now is the perfect time to buy it as Meme Moguls recently revealed its tier system, which rewards players by the value of MGLS holdings they have. These rewards range from 4x Zealy competition multiplier to three exclusive NFT airdrops to your account. The more MGLS tokens you own, the more rewards – making MGLS the best crypto to invest in.
According to crypto analyst Ali Martinez, Chainlink (LINK) shows bullish signs as whales have bought around 7M LINK tokens over the past week. This is a great indicator of the level of confidence these big-time players have for the Chainlink crypto.
Regarding the Chainlink price movement, it jumped from $14.73 on December 21 to $16.34 on December 28. Additionally, 25 technical indicators are flashing green for this altcoin – painting a bullish picture.
When making their price predictions, analysts are pointing to these indicators. They foresee the Chainlink price reaching $20.57 in January 2024.
While all these altcoins show promise and have gained attention, one of them stands out – Meme Moguls. Unlike Bonk, MGLS has actual utility, which is a great advantage. Meanwhile, it has a lower market cap of $7.5M, while BONK and LINK have market caps of $825M and $9.2B, respectively. MGLS would need only $7.5M for its value (and returns) to double – faster growth than its peers, making it the best cryptocurrency to buy.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.