As we enter February, three cryptocurrencies are expected to outperform general market trends. These are Litecoin, Cardano, and Meme Moguls. Each project offers great utility and potential future developments that could drive up their value. Here’s why they’re at the top of many expert’s buy lists.
Litecoin Passes 16 Million Transaction Milestone
On January 26, Litecoin announced it had processed 16 million transactions since its release. This is a huge milestone for Litecoin, displaying how much its ecosystem is growing. Since this milestone, Litecoin’s price has increased by 1%, and LTC is now trading at $68.13.
Despite hitting this milestone, Litecoin’s price still decreased in January. Over the last 30 days, Litecoin’s price fell by 7.25%, triggering a decrease in the project’s daily trading volume. Nonetheless, investors remain bullish.
With the Bitcoin halving on the way, analysts believe that Litecoin could surge. Being the first Bitcoin fork, Litecoin often follows Bitcoin trends. Given that Bitcoin has historically increased in value during its halving, analysts expect Litecoin’s price to increase.
Bullish experts suggest that Litecoin could hit $90 after the halving event, while others suggest that Litecoin may range between $70 to $80.
Cardano Recovers Following Increased Network Activity
Since its release, 150 projects have been launched on Cardano. However, a recent Input Output Global (IOG) report showed that the network is about to boom. In total, 1,304 new projects are currently under development, many of which are expected to take Cardano’s ecosystem to the next level.
Unfortunately, Cardano’s price has yet to replicate its growing ecosystem. Over the last 30 days, Cardano’s price fell by 16.42%, causing it to drop from its January highs of $0.61 to $0.5166.
Since the release of the IOG report, Cardano is up 5.67%, and its daily trading volume has increased to $437 million. This suggests that Cardano could be on the verge of a bull run, which makes it a strong investment going into February.
Meme Moguls Excitement Grows As Its Game Previews Nears
Stage 5 of the Meme Moguls is expected to sell out shortly following several new developments. Firstly, over the next week, the Meme Moguls development team is launching the game’s first preview. This preview will showcase the innovative new game features available to investors, giving them insights as to how the ecosystem will function.
As the hype around this highly anticipated preview builds, the number of investors buying $MGLS tokens has increased dramatically. Should growth rates continue, stage 5 of the Meme Moguls presale will sell out early, after which $MGLS will increase from $0.0036 to $0.0042.
Over the next few weeks, plans are in place for $MGLS tokens to launch on Uniswap, in addition to several other exchanges. Upon launch, experts predict that $MGLS tokens will experience a 100x surge in value, which has put Meme Moguls in extremely high demand.
As its game gains traction, investors will have many new opportunities to build a passive income. They’ll be able to stake their $MGLS tokens, earn from several prize pools, and win tournaments against other players.
To get involved in this rapidly growing presale, investors can purchase tokens via Meme Moguls’ official website. Investors who buy now will still be able to win rewards as part of the presale, as well as maximize their returns when the project launches.
For more information about the Meme Moguls (MGLS) Presale:
Visit Meme Moguls | Join the Community
Source: https://blockchainreporter.net/top-cryptocurrencies-to-buy-in-february-2024-as-per-market-trends/