Market Overview
The initial bullish momentum generated by Polygon (MATIC) has reduced in recent months as the token battles to stay afloat. However, Stacks (STX) has gotten itself out of the bear market, rising significantly higher in the past 7 days.
Meme Moguls (MGLS) Surges Ahead
Meanwhile, Meme Moguls (MGLS) – a new memecoin with a potential 100x return has jumped ahead of Polygon (MATIC) and Stacks (STX) with an impressive presale record. We will go over the reasons crypto analysts have tipped Meme Moguls (MGLS) as one of the best cryptos to buy in Q1 of 2024.
Investors Alerted by the Prospect of Meme Moguls (MGLS) After Presale Surge
With the global Meme industry estimated to reach $6.1 billion by 2025, Meme Moguls is tapping into the potential of the industry by creating a unique memecoin accompanied by a strong utility. While Polygon has lost momentum and Stacks has regained control, Meme Moguls has become one of the best cryptos to buy in at the moment because of its strong utility and unique DeFi game features.
- Meme Moguls offers investors an insight into the world of DeFi gaming.
- Users can play games to increase their trading knowledge and boost their trading analysis.
- The platform provides $100,000 virtual currency for users to invest, create portfolios, and complete quests for substantial returns.
- A trading contest allows users to compete for prizes, tokens, and rewards, enhancing their potential profits.
The 5th stage of the token presale is currently ongoing with the MGLS token currently sold for $0.0036. At the end of the presale, Meme Moguls will organize a giveaway contest for the most active user on Twitter with the winner going home with a sum of $10,000. The token’s liquidity will be locked for 5 years, and the team token for 2 years. With a potential of returning 100x profit within the first year of launch, Meme Moguls represents one of the top cryptos to buy in now. Check it out by clicking here.
Polygon (MATIC) Lost Momentum as Bear Market Takes Over
Polygon (MATIC) started the new year consolidating on its Q4 of 2023 bullish momentum. However, the past week has seen Polygon’s price fall severely to the bear market, slipping by 16.26% within the timeframe. Not only the price value, but the Polygon market cap has also declined from $15 billion earned in the Q4 of 2023 to $7 billion according to CoinMarketCap data.
However, there is still growing optimism in the resurgence of Polygon, particularly as its development team keeps upgrading the network for better performance. Analysts believe that if the Polygon price can mount the $0.84 resistance level, it may be a catalyst for an upswing in performance.
Stacks (STX) Flying as Price Increased by Almost 100%
Stacks (STX) battled hard in December 2023, pulling off a remarkable 98.64% increase in one month. This upswing has been carried into 2024, with the Stacks price increasing by 15.65% in the past 7 days based on CoinMarketCap data. This positive momentum is set to continue as Stacks aims for the next resistance level of $1.93.
If this resistance level is attained, analysts believe Stacks can mount serious pressure on the $2 threshold, particularly as more buyers continue buying into the project. Unless Stacks rebounds to its previous support level, the future looks great for the token. The Stacks trading volume is surging as more users join to benefit from the ongoing rally.
