The cryptocurrency market is currently undergoing a correctional phase, and this has resulted in a massive price decline across the board. While some cryptocurrencies have managed to stay positive, several top crypto coins and standout performers like Avalanche and Injective have witnessed major price corrections, with both recording more than 20% decrease in the past week alone.
Meanwhile, Meme Moguls is offering a fresh opportunity as it scales to the next phase of its ongoing token presale. Currently selling at $0.0036, the MGLS token offers a perfect entry for new investors seeking an escape from the current market dynamics.
Avalanche (AVAX) Fights to Maintain Bullish Momentum, Approaches Sub-$10 Price Zone
Amidst the crypto market’s ongoing downturn, Avalanche (AVAX), like many other top crypto coins have suffered a heavy blow from the effect of the highly volatile market. While the AVAX token reached a yearly peak of $48 a day before Christmas day in 2023, it has since experienced a sharp decline, losing more than half of its value at the time of writing.
Currently trading in the ranges of $27 to $30, Avalanche price reflects over 14% decrease in the past week and an enormous 36% plus decrease in the last month. If the decline persists, market analysis indicates that the AVAX token might as well be getting close to its previous year’s average trading price of roughly $10.
Injective (INJ) Faces High Fluctuation, Faces Similar Fate As Avalanche
Perhaps, Avalanche is not the only cryptocurrency facing serious price retracement: Injective (INJ) is also faced with a similar fate as it has equally lost more than 22% of its value in the past month.
The current decline in the price of Injective comes after a month-long price spike that saw INJ price soar from about $15 to slightly over $43, or about 200%, between November 25 and December 25. Unable to sustain this bullish momentum, the Injective price has since nosedived to the current ranges of $30 and $32.
If this price trend persists any longer, then Injective could be headed back towards its prior yearly average of less than $10
Meme Moguls (MGLS) Is Experiencing Higher Adoption Rate As It Commences 5th Stage of Its Presale
Meme Moguls, a rising star in the cryptocurrency world, is reinventing the memecoin market with its unique focus on digital entertainment and passive income. With features like Moguls Casino, Exchange Trading Platform, and Moguls Land metaverse, investors are anticipating the launch of this coin as the adoption rate keeps increasing in its ongoing presale.
At the forefront of the next memecoin generation, Meme Moguls aims to surpass the successes of DOGE and SHIB, potentially becoming the best meme-related crypto to buy in 2024. With an innovative approach and a robust ecosystem, it transcends being just a meme; it’s a cryptocurrency with a visionary outlook.
Amid the evolving digital assets market, Meme Moguls is a token worth monitoring, with experts foreseeing its potential as the next standout in the memecoin realm. Haven raised over $1.8M, the ongoing token presale has just ascended to the fifth phase where each MGLS token is selling at a modest price of $0.0036.
While the current price is subject to increase due to the dynamic pricing model, it marks a good point of entry for investors as the token presale scales through different phases.
Distinguishing itself from Shiba Inu, Pepe, Bonk, and others lacking utility beyond meme hype, MGLS is positioning itself at the forefront with innovative USPs, making it a favorable choice for investors seeking the best new crypto to invest in.
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