The market trajectory of a significant number of meme coins suggests a bear trend. Notably, the price movement of Floki (FLOKI) and Bonk (BONK) has been losing momentum since the turn of the year. However, Meme Moguls (MGLS) a utility meme token has witnessed huge growth since the presale started with early investors getting 90% profits. This has led to analysts picking the token as one of the top cryptocurrencies to invest in the year.
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Meme Moguls (MGLS) Prepares for Uniswap Listing with Presale Set to End in February
Community members of the Meme Moguls (MGLS) token are super hyped as the token prepares for Uniswap listing. What this means is that the presale phase is coming to an end on 28th February. As such, the MGLS token is expected to witness a boost in price value when listed on an exchange. Because of this, many smart investors are buying the presale now to position for the potential gains.
For context, MGLS is a utility token of the Meme Moguls platform. The platform provides an immersive gaming environment where members can trade memes in a stock market-styled simulation. The MGLS token harbors strong utility on the platform to set it apart as a top meme coin in the industry, ahead of other tokens like Floki and Bonk.
As such, the MGLS token has been attracting a high number of investors, having recorded over 3,700 token holders in the crypto industry so far. With less than a month before the presale ends, now represents the best time to invest in the token to benefit from the 30% presale bonus offer and also position yourself for future gains. At the price of only $0.0036, MGLS is one of the top cryptocurrencies to invest in now. So far, Meme Moguls has raised over $2M in its ongoing presale.
More Price Decline as Floki (FLOKI) Restricts Hong Kong Staking
The price of Floki (FLOKI) is recording a more bear trend amid its recent restriction of Hong Kong-based users from joining its staking program. The restriction came after the Hong Kong Securities and Futures Commission (SFC), in a publication, warned its jurisdiction against Floki’s TokenFi staking program, describing the project as a “suspicious investment.”
In response, Floki has restricted users from Hong Kong from joining the program. Meanwhile, the Floki token price has been on a decline, having recorded a 26% loss within the last month.
Bear Trend for Bonk (BONK) as Token Loses Q4 Bullish Steam
Bonk (BONK) saw a significant uptrend in Q4 of 2023, which resulted in an all-time price peak in December. However, the Bonk price has declined by up to 69% since the price peak, as per data collected from CoinMarketCap.
Moreover, the Bonk trading volume has not been consistently rising as investors seek alternative projects like Meme Moguls that guarantee high ROI. Experts fear that the price trajectory of Bonk may see an extended bearishness in Q1 of 2024.
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