Amid Fast-Selling Presale, Will this Meme Coin Outshine Dogecoin (DOGE) and Floki (FLOKI)?

The crypto industry has seen tokens rise to outgrow other already-existing tokens in the market. Because of this, the high-potential Meme Moguls (MGLS) token has seen a fast-paced presale phase on the path to raising $2M, making investors wonder whether it’ll displace other meme coins in the industry to become one of the top cryptocurrencies to invest in the year. Meanwhile, Dogecoin (DOGE) and Floki (FLOKI) are experiencing varying price movements in the crypto market.

Meme Moguls’ (MGLS) On Path to $2M

Meme Moguls (MGLS) is showing rising momentum in its presale. MGLS has raised close to $2 million in presale, putting the token sellout ahead of schedule. The sky-high potential of the token has seen experts tip the token to replicate the market success of other top meme coins like Dogecoin Shiba Inu, Floki, and so on. 

As stats show, the token has already generated over 90% in returns for early investors. MGLS is currently in stage 5 of the presale. Meanwhile, there is still a high chance of making profits for individuals who buy the MGLS presale now at the current price of $0.0036.  

The high-soaring MGLS token is a governance token of the Meme Moguls platform. For context, the Meme Moguls is a play-to-earn (P2E) fantasy gaming ecosystem that allows members to trade memes in a stock market-styled trading environment. The Meme Moguls platform provides real-time market data to boost members’ journey to becoming moguls. Also, members can earn coins as they compete against other traders in an immersive gaming environment.

With the strong utility of the MGLS token, experts have projected a 100x return in the first year for token holders. This could take the MGLS price to $0.19 by the end of the year. The security of the Meme Moguls ecosystem is guaranteed as SolidProof has audited the smart contract. The liquidity pool will be locked for five years. Overall, the MGLS token’s surging popularity and the increasing number of investors joining the project make it one of the top cryptocurrencies to invest in the year. 

How Long Will Dogecoin’s (DOGE) Bear Market Last?

Amid the faltering price value of Dogecoin (DOGE), investors are wondering whether the token will head for a resurgence very soon. The price chart from CoinMarketCap shows that Dogecoin has lost about 6% in a year-to-date metric. More notably, a look at the  Dogecoin price chart shows that the coin has declined by 15% in the last month. 

Meanwhile, experts are hoping that Dogecoin will leverage the oncoming meme season to potentially rise to the $0.1 price mark.

Floki (FLOKI) Off to a Slow Start in 2024

Floki (FLOKI) saw its price rise by up to 200% in 2023. Meanwhile, the token has had a slow start in 2024. For context, the Floki price has declined by over 20% within the last month, as per data from CoinMarketCap. However, experts believe Floki is on a price retracement as the token still possesses strong potential for growth. 

In view of this, analysts reckon Floki will see a price resurgence in Q1 of 2024. This makes now the best time to buy the dip and position yourself for a rally soon. There have been speculations of the meme coin season on the way which experts project will lead to a positive turnaround for memecoins.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.