Crypto experts who are well-versed in crypto market trajectories of coins have made revealing predictions on selected tokens. These crypto experts have revealed that Cardano (ADA), which is currently on a decline, may turn bullish before the end of Q1 of 2024. Similarly, the downtrend of Ethereum Classic (ETC) is going beyond a retracement and into a bear market. Meanwhile, Meme Moguls (MGLS) may become one of the best cryptocurrencies to invest in 2024 following an imminent exponential price gain that has attracted whales.
Meme Moguls (MGLS) New Presale Stage Met with Growing Momentum
As Meme Moguls (MGLS) ushers in the 5th stage of presale, more investors have begun to take the project as a serious investment alternative. Coming into the current stage, Meme Moguls have raised over $1.8 million so far. Experts predict that the current stage will sell out in record time due to the growing momentum and buyouts from whale investors, making the token one of the top cryptos in the market now.
The Meme Moguls platform is a unique Play-to-Earn (P2E) platform on the blockchain that gives members real-life simulation of meme market trading. On the Meme Moguls platform, members can trade meme assets, shares, and crypto in an immersive and entertaining gaming environment.
Notably, the MGLS native token of the platform has continued to garner investors’ attention. This is because, unlike other meme coins with zero utility, MGLS has strong utility on the Meme Moguls platform. For context, MGLS is the governance token that is used as a reward for high-performing gamers on the platform. The MGLS can also be staked in the platform for profit, among other things.
The MGLS token is sold for $0.0036. With a projected 100x ROI in the first year, the MGLS token has been picked as one of the best cryptocurrencies to invest in 2024. Regarding security, the smart contract has been audited by SolidProof. The token liquidity pool will be locked for 8 years and the team token for 2 years.
Cardano (ADA) Continues Price Decline
Cardano (ADA) has continued its bearish sentiment since the turn of the year. As the price chart from CoinMarketCap shows, Cardano has lost over 25% in price value since hitting a year-high price turn of $0.066 on the 14th of December.
Meanwhile, the Cardano trading volume is growing on a day-to-day average of 30% within the last week. However, experts think that the token’s rising trading volume may not be able to trigger a significant uptrend for Cardano. Nonetheless, few investors might see the Cardano price decline as an opportunity to buy the dip, making it one of the best cryptos to buy and HODL for long-term gains.
Ethereum Classic (ETC) Struggles to Maintain Bullish Trend
Since the second week of January, Ethereum Classic (ETC) has been on a decline in price value. Having reached a price peak of $31 on 11th January, the Ethereum Classic price saw a change in trajectory. Since then, Ethereum Classic has lost over 20% in price value, as per data from CoinMarketCap.
While many experts believe that the decline of Ethereum Classic is yet to go below the resistance level, there’s a high chance of that happening on the current trajectory. On the bright side, Ethereum Classic trading volume has been on the increase in the past week. However, It is yet to be seen whether the rising trading volume can trigger a rally.
