After coming out with its quirky branding and supportive community, the Memecoin price has demonstrated potential for a spike regardless of the fluctuations along bullish and bearish patterns. Similarly, Bonk coin, despite its recent price decline, is also positioned for gains as the meme coin is integrated into the impressive Solana network which is positioned for another high performance this year.
Derailing from existing conversations, investors should reserve a spot for Meme Moguls in their portfolio. As an upcoming meme coin and utility token, Meme Moguls is set to 100x in Q1 and will become the best crypto to invest in 2024.
If you're seeking the best cryptos to buy this year, you might as well opt for Meme Moguls (MGLS) as it is promised to incite and favor investment efforts. So, Meme Moguls is still booming after selling out 4 stages of its presale.
While it still rides on the same momentum, selling fast in its fifth presale, the price of the token has increased by roughly 90% moving from its initial price of $0.0019 to its current price of $0.0036. What makes Meme Moguls' token ($MGLS) poised for higher prices going forward and the utilities and earning opportunities it presents?
Early Investors have currently received up to 90% ROI from buying $MGLS tokens, as they're drawn to the trading simulation challenges and mission that Meme Moguls presents as a utility token. The crypto moves past being an ordinary meme coin, it is also packed with earning incentives and utilities to turn investors into moguls.
Meme Moguls ultimately positions as the best crypto to invest in this year for impressive earning potential. The project has amassed almost $2 million in sales which is set to increase further alongside the price of $MGLS.
The cryptocurrency market is very unpredictable; hence, it is impossible to describe how a particular crypto will perform on the run. However, it's safe to say that Memecoin (MEME) may potentially surge to $0.070 by 2025.
Since its recent launch, Memcecoin has successfully hit two major peaks of $0.035 and $0.046 before trailing down to its current weekly range of $0.21 to $0.28, highlighting a 21.46% weekly loss. Memecoin price has maintained a year-long loss but all hope is not lost as Changelly predicts a minimum price of $0.026 for Memecoin by 2025.
Regardless of these stats, Memecoin price is poised to overcome and appreciate this year, considering the Bitcoin halving effect and the altcoin wave. Memecoin is currently the 8th largest meme token with a market cap of $201 million.
Bonk (BONK), a meme coin on Solana (SOL), recently had a rough patch in its market performance. Bonk's Futures Open Interest has hit a ten-day low, showing less trading and interest, suggesting traders are taking profits.
After reaching its peak at $0.000024 in December 2023 with a massive 2900% surge in the previous month, Bonk (BONK) dropped by 41% in the last month, now at $0.0000108. This dip is due to traders cashing in their profits.
Despite the recent fall, some indicators like Chaikin Money Flow (CMF) and Money Flow Index (MFI) signal a potential positive shift for Bonk. However, the Bonk market is still in a bear cycle, according to the negative value of the Moving Average Convergence/Divergence (MACD) indicator.
Although a few aggressive Bonk buyers might be around, overall market demand is weak, raising the possibility of more price declines.
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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.