Shift in Buying Momentum: Investor Interest Grows in Meme Moguls (MGLS) Over Solana and Polkadot (DOT)

Following the crypto market correction in January, investors have experienced a shift in their interests. Instead of relying on altcoins like Solana and Polkadot, many are diversifying their portfolios with Meme Moguls. This innovative new altcoin has gained significant momentum over the last four months and is now expected to take its 90% returns even higher once it's listed on several major exchanges. 

Will Polkadot Bounce Back From Bearish Trends?

Polkadot's native token, DOT, is up 3.8% this week and is currently trading at $7.19. While this seems like a strong performance, Polkadot faced significant declines in January. Its value crashed from $8.50 to $6, before rallying over the last week. This caused some investors to sell their Polkadot tokens, and therefore the project's trading activity fell.

However, according to a recent analysis from altFINs, Polkadot could experience an uptrend over the next two months. 

Currently, Polkadot's support levels come in at $5.80, though the project faces a major resistance at $8. This is where Polkadot crashed during its 2023. Nonetheless, if Bitcoin increases during its halving event, Polkadot could push past this resistance towards $10. 

While such an increase would require significant momentum from Polkadot, bullish investors believe the altcoin could push through its current resistance level before the end of Q1. 

Is Solana Pushing Towards $120?

Solana soared over the last week, increasing in value by 4%. This increase has taken Solana above its resistance level of $100, and now SOL is trading at $105.98. In the last 24 hours alone, Solana's price has increased by 4.34%, suggesting that the altcoin may be preparing for a rally. 

According to an analysis by Wick, Solana is currently displaying trends previously shown before a price surge. As a result, investors are extremely bullish on SOL. This is supported by the project's trading activity. In the last 24 hours, Solana's daily trading volume increased by 21%, taking its volume to $2.6 billion. 

If it continues to build momentum, Solana could break through the $110 barrier, after which it could return to its 2023 highs of $120. 

Meme Moguls Gains Interest From Altcoin Investors 

After five successful presale rounds, Meme Moguls has caught the attention of altcoin investors. This extremely popular presale has been praised for its unique game concept, which combines memes and investing in a unique P2E platform.

Players on the Meme Moguls platform will have the opportunity to learn about investing in a virtual, meme-based stock market. Using this market, they can build virtual portfolios, compete in games, and build their investing knowledge. Investors will have an opportunity to get a sneak peek of the game this week during its preview. 

Having already increased in value by 90% during its presale, experts believe that Meme Moguls will soar in 2024. The project's presale will end on February 28, after which its utility token, $MGLS, will be listed on Uniswap. 

After its listing, the Meme Moguls developers will begin the first testing phase of the Meme Moguls game launch on March 11. This highly anticipated event is expected to attract thousands of altcoin investors, as well as take $MGLS to a new all-time high. 

For more information about the Meme Moguls (MGLS) Presale: 

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