FLOKI was one of the most talked about cryptocurrencies in 2023. The memecoin’s value soared to annual highs of over $0.00005 before facing a steep decline in the second half of the year. Now, after a bull run in December FLOKI is facing another decline. As experts debate whether or not the memecoin will recover, Meme Moguls has surged during its presale and recently hit a new all-time high.
FLOKI Burn Rate Surges To Speed Up Recovery
According to cryptocurrency analysts, 2024 could be the year that Floki Inu dominates the memecoin market. Though no official announcements have been made, FLOKI is preparing for significant expansion as the development team works towards several groundbreaking new partnerships. These partnerships are designed to drive up the demand for FLOKI tokens, while increasing the project’s value.
This bullish momentum has helped FLOKI gain momentum just one week into the year, with FLOKI’s daily trading volume up 36.81% to almost 20 million. However, crypto analysts are emphasizing caution, with FLOKI currently facing a minor price correction. Over the last week FLOKI’s price has fallen by 18.09%, and FLOKI is down 30.5% from its December highs.
Nonetheless, are bullish about FLOKI once its correction is finished. During its recent price decline, investors took advantage and burned 218 million FLOKI tokens. This triggered a 600% spike in FLOKI’s burn rate and is expected to drive up the value of remaining FLOKI tokens.
At the time of writing FLOKI was trading at $0.00002879, an affordable price for new crypto investors. However, given its volatility not all investors are convinced that FLOKI will recover. Consequently, Meme Moguls could be a more promising investment.
Is Meme Moguls A Stronger Investment Than FLOKI?
Meme Moguls is an exciting new altcoin offering a unique marketplace, great tokenomics, and potential 100x returns over the next year. The project plays on the hype created by memecoins, though provides significantly more utility and income opportunities.
Meme Moguls introduces the world’s first meme marketplace. This marketplace works like a virtual stock market, where investors can build a meme portfolio. To begin, investors will have $100,000 in virtual currency to invest in their favorite memes. The price of memes will fluctuate like stocks, simulating a stock market.
This exciting new marketplace will teach players how to invest, how to manage their assets and ultimately how to build wealth. The best part is they don’t need to risk their own assets. Instead, they can invest their virtual currency risk-free.
Within the Meme Moguls ecosystem, players will be able to take part in investing tournaments, winner-takes-all competitions, and games against the stock market to see if they can outperform the world’s best funds.
During its presale, Meme Moguls will sell 60% of its three billion tokens. The remaining supply will be shared across exchange listings, rewards, team tokens and the Meme Moguls ecosystem. All team tokens will be locked for two years, and the Meme Moguls liquidity pool will be locked for five years.
After selling out during stage 3 of its presale, Meme Moguls hit a new all-time high of $0.0027. Within the next year, experts predict that $MGLS will reach $0.19, meaning investors still have time to add one of the market’s highest potential altcoins to their portfolios.
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