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The post Optimism (OP) Surges in High Volatility: Meme Moguls (MGLS) and Dogecoin (DOGE) Vie for Dominance appeared first on Coinpedia Fintech News
The cryptocurrency market is presently experiencing considerable volatility, leading to substantial price fluctuations across various assets. Notably, Optimism has observed a significant surge in price over the past week. Conversely, top crypto coins, including Dogecoin, have undergone major retracements, thereby creating an opportunity for newcomers like Meme Moguls to steal the spotlight with innovative solutions.
Optimism (OP) Price Climbs Amidst High Volatile Market
Optimism (OP) has drawn a lot of attention since it recently recorded its all-time high (ATH) of $4.57. Although the price has since fallen below the $3 mark, Optimism token has managed to maintain an upward trajectory in the past 7 days.
Currently trading around $3.69, OP price reflects over 15% increase in the last 24 hours and nearly 4% increase in the last 7 days. While the price ascension has continued steadily for days now, there is speculation that the token may retouch the $4 mark and possibly surpass its previously set ATH.
It is also important to note that there has been a boost in Optimism on-chain activities which, in part, is believed to have contributed to the increasing value of OP token.
Meme Moguls Steals Spotlight With Innovative Marketplace and Profit-Bearing Presale Token
Asides Optimism token racing against time to hit the $4 mark, Meme Moguls (MGLS) have also been a point of attraction for investors, especially meme coin enthusiasts. However, Meme Moguls is just not another joke coin that is driven by hype.
In its own case, Meme Moguls is introducing an innovative solution that can rewrite the history of meme coins. To begin with, Meme Moguls is a P2E meme token built on the Ethereum blockchain.
But more than just a meme coin, Meme Moguls doubles as an ecosystem featuring engaging activities such as virtual or simulated trade, and a metaverse known as Moguls World. The latter aims to foster connections among members, while allowing them to mine tokens, participate in liquidity pools, as well as engage in token staking.
As with most crypto ecosystems, the $MGLS token takes centre stage, acting as both in-game currency and governance token. This dual functionality not only enhances the utility of the Meme Moguls native asset but also positions it to potentially secure a prominent rank among top crypto coins to consider this year.
As of now, the MGLS token is selling at just $0.0027 in stage 4 of its ongoing token presale, reflecting nearly 180% increase from its launch price of $0.001. Interestingly, the steady increase in the price of this token is largely due to the adoption of a dynamic price model which ensures that the token’s price goes up for every stage of the presale up to the time the project finally launches.
Dogecoin Struggles to Stay Bullish, Sees Steady Price Decline for More Than a Week
Dogecoin (DOGE) has been trading in the support zone for more than a week now, failing to maintain any bullish momentum. Following a notable price increase up to $9.7 during the last weeks of December 2023, Dogecoin has since experienced a sharp decline and is now trading below $8 mark.
Currently trading at $0.78, DOGE price reflects over 20% monthly decrease, and a little above 4% in the last 7 days. While it isn’t clear how long this retracement will last for, investors are bound to seek fresh investment. Looking ahead, MGLS, like OP token, seems to offer significant yields for those the best crypto to invest in both in the long and short term respectively.
Learn more about the $MGLS here:
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