Solana (SOL) and Cardano (ADA) experienced a major climb in value during the past year, which put them on the radar for many traders. But those looking to diversify did not stop at these two altcoins, as Merme Moguls (MGLS) is also getting significant attention. We will go over all three to see which is the best crypto to invest in now.
Solana (SOL) Climbs 562% but Retraces – Can It Reach $170?
Solana (SOL) achieved a significant milestone as it broke past the $110 price barrier. Since then, however, it has faced a price correction phase and currently hovers around the $90 range. Despite this, the total year-to-date (YTD) climb for the Solana crypto was by 562%.
During the past week, the Solana price moved from a low point of $87.74 to a maximum value of $116.26. The performance increase means that this remarkable return can pave the way for further growth. According to the latest Solana price prediction, it can end 2024 with a value of $178.52.
Cardano (ADA) Faces a 20% Decrease – Can It Recover?
Cardano (ADA) saw a price decrease of 20% during the past week, indicating a bearish overall performance. However, the crypto would soon recover. The Cardano price is displaying a falling tendency as it plunged below the 20-day and 50-day EMA. Now, the crypto is in a strong downtrend, and the RSI showcases no signs of oversold conditions.
The RSI curve took rejection from the 14 SMA, suggesting that there is more room to fall. The MACD tool for the Cardano crypto also showcases a bearish crossover above the zero line. Its histogram is also broadening, indicating more bearishness. However, during the past week, the crypto moved from $0.47 to $0.63, and if it breaks above $0.60 again, it could see a rally. According to the Cardano price prediction, it can end in 2024 at $0.9416.
Meme Moguls (MGLS) Leaps Ahead With Stage 4 Presale – Price to Climb 80x at Launch
Meme Moguls (MGLS) will help users learn how to invest and build wealth by introducing a P2E ecosystem. The native cryptocurrency, MGLS, will be used as the in-game currency and for governance. Throughout the platform, each player will be able to compete with friends in virtual stock market trading games.
This way, they can learn various investing strategies and discover new investments. They can even earn cash prizes and meme rewards. Each player can begin with a balance of $100,000 in virtual cash. This way, they will be able to create a portfolio and then complete challenges.
They can then turn their simulated profits into real, cashable returns. Community members can set up tournaments and compete in the game. These can be created just for fun or can feature prize pools powered by tournament buy-ins.
Another significant aspect of the ecosystem is the Moguls World Metaverse. Here, every player will be able to mine tokens, join liquidity pools, and even stake their cryptocurrencies for passive income.
The project is undergoing its blockchain ICO phase and has reached Stage 4. MGLS trades at just $0.0027. At launch, analysts are projecting a price upswing of 80x for the token. These aspects make MGLS the best crypto to invest in now.
Summary
Solana is heading upwards, and while Cardano is struggling, the crypto can recover. However, those looking for high ROI are turning to Meme Moguls. With its vast ecosystem and massive token utility, it is positioned to become a major player in the Web3 space.
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Source: https://cryptodaily.co.uk/2024/01/solana-ada-sees-562-climb-while-cardano-ada-dips-20-meme-moguls-mgls-to-lead-next-market-rally-with-80x-growth