Amid Bear Sentiment for Solana (SOL) and Toncoin (TON), Meme Moguls (MGLS) Thrives in Presale

The post Amid Bear Sentiment for Solana (SOL) and Toncoin (TON), Meme Moguls (MGLS) Thrives in Presale appeared first on Coinpedia Fintech News

Crypto investors from around the globe are looking to position themselves for gains as the world witnesses the turn of a new year. However, the declining price movements of Solana (SOL) and Toncoin (TON) may repel investors away from these tokens. Meanwhile, the growing momentum of Meme Moguls (MGLS) has resulted in the token recording many investors joining the project. In this article, we will go over the top crypto investments for 2024.

Meme Moguls (MGLS) Records Massive Influx of Investors as It Introduces Revolutionary P2E Model

Meme Mogul (MGLS) is entering the crypto industry with a one-of-a-kind P2E model that is geared towards fostering the next crypto millionaires. With Meme Moguls, investors can carry out several activities for profits such as gaming, staking, mining tokens and more.

For context, Meme Moguls is an Ethereum-based P2E platform where community members can compete with each other to win rewards, trade game collectibles, and earn MGLS tokens. The Meme Moguls ecosystem is an engaging space for individuals looking to earn while they engage with individuals on the blockchain.

Unlike most Meme coins, the MGLS is a utility token in the Meme Moguls ecosystem which makes the token’s high growth potential and rising reputation as one of the top crypto investments of Q1 of 2024.

While still in its presale phase, MGLS has sold up to 900 million tokens which has raised the bar for other top meme coins in the crypto market. With more stages of presale to go before launch now represents the best time to buy the MGLS token to position oneself for the projected 800% growth at the end of the presale. The token sells at the price point of only $0.0027, representing a cheap crypto investment alternative with a high growth potential.

Momentum Declines for Solana (SOL) as Token Experience Price Downtrend

Solana (SOL) started the new year on a high as its price value was above the $100 mark on the first day of 2024. However, a series of downtrends in the price value for Solana have seen the token fall below $98, as data from CoinMarketCap shows. Having had an incredible 2023 where the token gained up to 500% within the year, Solana had many investors believe it’ll continue its bullish momentum.

It is worth noting that Solana’s price decline is yet to be qualified as long-term bearishness. Nonetheless, the over 11% loss in the token’s price value within the last week and negative returns of Solana trading volume indicate worrying signs for the token’s future. 

Toncoin (TON) Struggles to Trigger a Bullish Trend as Investors Seek Alternatives 

The price movements of Toncoin (TON) show that the token has been struggling to find a bullish foothold since the start of 2024. Toncoin, which has lost over 3% of its price value within the last week has left investors looking for alternatives. Zooming out, the price chart of Toncoin in the last month was still bearish. 

Moreover, Toncoin trading volume is on a 24-hour average decline of 5% within the last week as per data from CoinMarketCap. Experts project that while Toncoin may still maintain a $2 support level in Q1, investors may not see a significant price rally in the future.

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