Following the commencement of this year, meme coins, in general, haven’t been doing outstandingly well, unlike other altcoins such as SEI token and Arbitrum. However, in anticipation of the major altcoin price move this year, meme coins like Dogecoin and Floki are set to join in the rally. Meme Moguls, on the other hand, has already recorded a 90% ROI.
While Dogecoin price and the performance of Floki have been dulling lately, these two cryptos still have enough potential to reaffirm their position as top crypto coins in the meme community. Meme Moguls is poised to 100x in 2024.
Dogecoin’s (DOGE) Struggle With Bearish Pressure May Last Till The End of Q1
For most of 2023, Dogecoin battled with bearish pressures that pushed the price of Dogecoin to as low as $0.58 in late October. After making that price dip, Dogecoin resisted and began to move up, eventually entering a brief bull phase that saw DOGE at the price of $0.10.
However, Dogecoin price immediately dipped again, losing a whopping 16.48% in the past 30 days and 2.63% in the last seven days. Dogecoin seems like it will make its way to $0.1 in no time. However, it only has these recent fluctuations to battle with.
Should Dogecoin make it to the range of $1 before the end of Q1, Dogecoin may potentially reach $0.8$, surpassing its ATH of $0.7316 over two years ago.
Floki (FLOKI) Faces Wild Fluctuations That May Reduce Its Price Below Yearly Support Threshold
Floki has been able to stay above its yearly support threshold of $0.00001132. However, if the current wild fluctuations with the FLOKI coin continue, the price might drop below the level of support and possibly further.
Floki is currently maintaining over a 150% increase from its price this time last year. However, considering how volatile FLOKI price has been recently, the coin has lost over 23% in the past 30 days and 7% in the last seven days.
This loss in the value of the FLOKI coin is accentuated by its sharp rise to a few peak prices above $0.000032 in the past few weeks, before going down to its current range of $0.000028 to $0.000030.
Meme Moguls (MGLS) Token Will Experience Exponential Growth That Will Skyrocket Its Price
The best cryptocurrency to invest in may be hard to choose. However, you can review the potential of Meme Moguls (MGLS) to become one as it introduces a Play-to-Earn (P2E) platform with memes.
Industry experts predict a remarkable 100x growth for the decentralized marketplace’s native token, MGLS, in 2024. Meme Moguls’ native token, $MGLS, aims to combine entertainment with profit by creating meme-style stocks and games, offering users an engaging way to earn.
Built on the Ethereum foundation, MGLS provides diverse investment options, including access to meme-inspired assets, staking opportunities, and NFT assets. Players can craft their portfolios, engaging in strategic trading within a virtual environment, starting with $100,000 in virtual currency.
Player achievements are showcased on the Wealth Leaderboard, with anticipated payouts after trade sessions. Having achieved a major upshoot from its initial coin offering (ICO) of $0.0019, Meme Moguls is thriving in its Stage 5 presale, currently priced at $0.0036. With over a 90% increase in initial deposits, the platform has already made waves in the cryptocurrency landscape, raising over $1.9 million within weeks of the presale launch.
Looking ahead, the MGLS token is strategically positioned as a standout choice among the top crypto coins to offer the best investment gains this year.
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Source: https://blockchainreporter.net/meme-moguls-mgls-aims-for-an-impressive-price-trajectory-throughout-the-year-while-dogecoin-doge-and-floki-floki-struggles-amid-bearish-pressure/