How to Revive Your Declining Crypto Portfolio with These 3 Coins

The post How to Revive Your Declining Crypto Portfolio with These 3 Coins appeared first on Coinpedia Fintech News

After a bull run in Q4 of 2023, cryptocurrency market trends are changing. Tactics that worked one month ago are now less effective, causing millions of crypto investors to lose money in their portfolios. However, three coins are expected to surge in February. These are Solana, Kaspa, and a hot new presale, Meme Moguls. Here’s how they can help to revive declining portfolios. 

Solana Dominates The DEX Market

After disrupting the memecoin market in 2023, Solana is now moving into decentralized exchanges (DEX). Over the last 24 hours, Solana-based DEX, Jupiter, experienced a surge in trading volume, during which it passed Uniswap, one of the world’s largest decentralized exchanges. 

According to data from CoinGecko, Jupiter’s daily trading volume hit $517 million, which was around 18.1% of the DEX trading volume at the time. Comparatively, Uniswap experienced a volume of $443 million, a 15% share in the market. 

This is a significant milestone for the Solana-based exchange and shows how Solana continues to dominate the DeFi market. On 31st January Jupiter will launch its own token drop, which could further impact Solana’s price.

Since this milestone, Solana’s value has increased by 4%, taking its weekly returns to 17.4%. Solana is now trading at $101, and experts believe it could pass $130 in February. 

Kaspa Pushes Towards A Bull Run

Compared to Solana, Kaspa experienced a negative performance in January. Its value is down by 9.61%, causing Kaspa’s daily trading volume to fall below $16 million. However, according to analysis from crypto trader Nonfungible, Kaspa could experience a bullish breakout in February. 

Kaspa recently reclaimed its 200-day exponential moving average (EMA). Nonfungible highlights that another close above $0.11 should trigger a surge in Kaspa’s value. 

This movement would signal the return of bullish momentum and could take Kaspa to $0.12 according to bullish experts. 

In recent discussions, Kaspa has been compared to early Bitcoin, with speakers like Jim Ski ₿um outlining that the altcoin could experience similar growth over the next decade. 

Meme Moguls Becomes A Strong Solana Alternative

With a unique new concept and a lucrative ecosystem, Meme Moguls is quickly becoming a hot new presale. This thriving P2E game has already raised almost $2 million and has amassed a following of over 20k on X. On its current trajectory, experts believe that Meme Moguls could become a top new altcoin, and challenge the likes of Solana and Kaspa. 

Meme Moguls introduces an immersive virtual meme marketplace. Here, players will be able to buy, sell, and trade meme assets like traditional stocks. Investors will be ranked based on the profitability of their portfolios and will have several ways to generate profits.

These include staking $MGLS tokens, competing in trading tournaments, and winning winner-takes-all events. Within its first year, market analysts predict that $MGLS tokens could pass $0.19, a 100x increase from the project’s initial presale value.

Currently trading at $0.0036, $MGLS tokens are in extremely high demand. Not only will investors be able to enjoy future price increases, but will also be in for the chance to win rewards during each stage of the Meme Moguls presale. 

Visit Meme Moguls