Polygon and
have experienced significant price increases over the last 30 days. These increases were triggered by , which hit a 2023 milestone of $43,000. However, despite ’s rise, Polygon and have started to decline. Meanwhile, Meme Moguls, a new memecoin, has outperformed both altcoins with an impressive surge during its presale. Here’s why investors are now choosing the project over two well-established altcoins.
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Polygon Price Declines After Early December Highs
Polygon experienced a strong start to Q4, increasing in value from $0.5 to $0.8 by early December. This increase took Polygon’s market cap to $15 billion, and its daily trading volume has consistently passed one billion.
However, Polygon’s growth has slowed. Over the last week its price has increased by just 5.55%, and now the project is struggling to pass $0.84. This has caused Polygon’s trading activity to fall to $500 million and created doubt among investors.
According to market analysts, Polygon needs to pass the $0.84 resistance level to resume its current bull run. Should it break above $0.84, experts believe that Polygon could see an additional 45% price surge, hitting $1.25 by the end of 2023.
Cardano’s Price Falls Short At $0.45, Will It Increase Again?
After increasing in value by 15.82% over the last week,
has hit a resistance level of $0.45. Since reaching $0.45 on the 6th of December, has decreased to $0.43, and its trading volume is down by 2.11%.
Nonetheless, experts remain unphased. According to popular cryptocurrency trader Ali on X,
is on track to break through this resistance level by the end of the year.
Analysis suggests that
is following its 2018-2020 upward trajectory, creating a bullish sentiment around the project. Should break through its current resistance level, experts predict that will hit $0.75 by the end of December.
Meme Moguls Soars After Presale Boom
The Meme Moguls presale has caught the attention of investors worldwide with its great utility and unique new DeFi game. Currently in phase one of its presale, experts believe the project could soar 100x in its first year, outperforming Polygon and
in the process.
Though classed as a memecoin, Meme Moguls offers fantastic utility. It showcases a unique game designed to teach new investors trading strategies, how to read the market, and how to make profitable investments.
The Meme Mogul game does this by giving users $100,000 in virtual currency to invest in the stock market. This limits the amount of risk investors take on, while introducing them to the real-world market.
After building a strong foundation on how to invest, community members will be able to take part in a number of games. These include free and paid tournaments for lucrative rewards, in addition to a “Beat the Market” game mode, in which investors will try to outperform index funds such as the S&P 500.
This fun way of investing is expected to become popular among new investors, who can then use their newly learned skill sets to build their portfolios.
$MLGS tokens are currently selling out fast during phase one of the Meme Moguls presale. Tokens can be purchased for $0.0021 and are expected to be worth $0.19 this time next year! For investor safety, token liquidity will be locked for 5 years, and team tokens will be locked for 2 years, ensuring the team remains dedicated to the project’s growth.
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Source: https://blockchainreporter.net/meme-moguls-mgls-outperforms-polygon-matic-and-cardano-ada-with-impressive-surge/