The post Polkadot and Arbitrum Price Declines, Meme Moguls (MGLS) Sets The Pace For Memecoin Season appeared first on Coinpedia Fintech News
Since the 2021 bull run, cryptocurrencies have been more widely known and have seen a sharp increase in usage. Since then, industry players have continued to investigate new projects that might exceed the well-known cryptocurrencies in terms of growth.
Several top crypto coins, including Polkadot and Arbitrum, have shown impressive rallies amidst declines. On the other hand, Meme Moguls aims to diversify the crypto space, capturing the attention of investors during its presale.
The project is an intriguing challenger and is positioning itself as the best new cryptocurrencies to invest in. Investors looking to diversify and expand their portfolios are turning to Meme Moguls, drawn by its inventive approach, excellent features, and supportive community.
Will The Polkadot (DOT) Price Continue to Decline?
The price of Polkadot (DOT) has been on a downward trend, with a declining trendline limiting its future potential. The token has fluctuated between $6.68 and $8.55 last week, with support coming in at $7.75.
Although DOT token has stayed afloat in the market, its current value is low compared to its peaks. The cryptocurrency is currently trading at about $6.74, which is extremely near the token’s initial launch price.
Should the fall continue, this might indicate much further decline. With upcoming token updates, experts predict that the price of Polkadot could reach $13 by 2024, which would provide a positive outlook on the state of the market.
Arbitrum (ARB) Steers Through the Crypto Space Despite Price Declines
Arbitrum (ARB) token has seen a slight fluctuation in performance this month, down 3%, trading at $1.75. To illustrate its volatility, the token’s price has varied between $1.75 and $2.
In recent news, one of the industry experts, Crypto Tonny, expresses optimism about the Arbitrum token. Soon, he believes, the ARB price will rise significantly. This enthusiasm follows the token’s recent peak of $1.75, which is positive news for investors.
With a market capitalization of $2.3 billion, ARB is clearly on its way to becoming one of the best crypto coins. Its remarkable $2.3 billion market valuation attests to its rising pace. A sizable circulating supply that surpasses 1.23 billion units supports this even further.
Meme Moguls (MGLS) Sets to Diversify The Crypto Space
Meme Moguls (MGLS) is a P2E platform with high potential for the future. Market analysts tip the decentralized marketplace native token MGLS for 100x growth in 2024. $MGLS wants to create entertaining meme-style stock and games that let users make profits while having fun.
Ethereum serves as the foundation for the platform. MGLS provides different investing options, featuring entry to several assets inspired by memes, staking opportunities, and NFT assets.
Players can build a portfolio and start trading to develop their strategies, with each player starting with a virtual currency worth $100,000. Games like “Beat the Market,” in which players compete to surpass the S&P 500, can be played with this virtual currency.
Every player’s achievement in the game is recorded on the Wealth leaderboard in anticipation of payment when the trade session concludes. The cryptocurrency initial coin offering (ICO) has surged again. With massive sales in its ongoing Stage 5 presale, the token is selling at 0.0036.
Meme Moguls is already causing a stir in the cryptocurrency industry by raising OVER $1.8 million weeks after its presale began. With success in its presale, the MGLS token is undeniably one of the best crypto to buy in 2024.