The Graph (GRT) and Injective (INJ) Face Risks of Further Decline – Is Recovery Possible? Meme Moguls (MGLS) Asserts Dominance With Stage 5 Presale

The Graph (GRT) chart showcases the dominance of bears on the charts, which could indicate that the price is in a downward direction, as it is breaking below the key moving averages. Alongside it, Injective (INJ) has also consolidated in a range, and bulls are clearly losing their momentum and dominance over the crypto. As a result, many are turning towards the Meme Moguls (MGLS) presale, as it can provide them with significant ROI as analysts project a 100x upswing at launch. 

The Graph (GRT) Bulls Lose Dominance – Can Bears Push Its Value Further Down?

The Graph (GRT) on-chart data showcases a decline from the higher level over the weekly timeframe. GRT needs to attract more buyers in order to reach the upper level and sustain above it. As a result, The Graph crypto trading volume has been below average and needs to show some sign of growth in order to sustain a higher level. The Graph price is trying to break above the 20 and 50-day DMA. During the previous week, the altcoin moved from $0.1473 to $0.1703. According to The Graph price prediction, it can end in 2024 at a value of $0.2772.

If Injective (INJ) Drops Under 20-Day Ema, Can It Recover?

Injective (INJ) has dropped below the 20-day EMA, showcasing early signs of weakness. The INJ crypto has been hovering back and forth within a range during the past several trading sessions, which highlights short-term volatility. The Injective price has moved from $33.72 to $41.67 during the past week, after which it retraced back to the $33 range, where it found support. 

The current Injective crypto price trend is not maintaining a strong outlook, yet many are optimistic and project that a turn in its momentum can occur soon. If it manages to remain above the 50-day and 200-day EMAs, it could result in a positive trend prevailing for the altcoin. The RSI is neutral at 50 points, and the SMA is at 55. According to the Injective price prediction, it can end 2024 at a value of $60.48.

Meme Moguls (MGLS) to Introduce Metaverse and Enters Stage 5 of Presale

Meme Moguls (MGLS) is reinventing how traders enter the meme coin market by introducing Play-to-Earn (P2E) elements. Players can compete in simulated trading in order to learn how to utilize numerous strategies for investment.

Every player begins with $100,000 in virtual cash and can create a portfolio with it. They can then complete challenges to turn these simulated profits into cashable returns. Every player can also use just 20% of the portfolio in a single investment to better simulate real-world trading.

Alongside it, anyone can access Moguls World. This represents a Metaverse in which players can mine tokens, connect, and join liquidity pools to stake their tokens. Each user can also complete missions and challenges and will be able to access valuable meme-inspired assets. Anyone can then resell them for additional capital gains. 

Summary

While The Graph and Injective are struggling to regain bullish momentum, Meme Moguls is dominating with its blockchain ICO. At Stage 5 of the presale, MGLS trades at just $0.0036. It’s up 33.33% from its previous stage and can spike 100x at launch based on the latest projections. All of these aspects make it the best new crypto to invest in.

Click Here To Take Part In The Meme Moguls Presale

Visit the links below for more information about Meme Moguls (MGLS):
www.mememoguls.com 

Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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