Published
3 months ago on
January 16, 2024
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The unpredictable nature of the cryptocurrency market has left many investors uncertain about their investment choices. As a result, investors are now seeking alternatives to popular cryptocurrencies like Chainlink (LINK) and Toncoin (TON) in hopes of finding new projects that offer better returns and innovative solutions.
While others struggle to overcome market volatility and experience bearish declines, new projects like Meme Moguls are positioning themselves among top cryptos to buy in 2024.
Chainlink to See Breakthrough With the Approval of the Spot #Bitcoin ETF
In January 2024, Chainlink (LINK) maintained a bullish stance by sustaining a value above the $14 support level. Over the past year, the cryptocurrency has seen a remarkable 150% increase in value, and with current efforts by buyers, aims to break through the $17 level.
Likewise, the approval of the spot #Bitcoin ETF is anticipated to bring in traditional top-tier financial firms like BlackRock and Fidelity. This influx of institutional investors is expected to drive more active participation from corporate ventures.
Particularly, this development is considered a landmark decision, as highlighted in a X post by @SergeyNazarov. Given the impact of the latest development in the crypto space, Chainlink, as well as other cryptocurrencies are bound to see increased activities. As of writing, Chainlinkprice analysis indicates a possible surge from $15 to $24.83 by year-end, positioning it as one of the top cryptos to buy for long term holding.
Toncoin (TON) Lagging Behind As It Struggles to Overcome Market Resistance
Toncoin (TON), a cryptocurrency with a substantial market cap, is currently grappling with challenges as it attempts to overcome resistance within its long-term price range. Since Q4 2022, Toncoin has been trading within the $1 to $2.70 range, showing minimal growth throughout 2023.
Over the past 12 months, Toncoin has seen a mere 2.88% increase, notably lagging behind other altcoins such as Chainlink (LINK) and presale projects like Meme Moguls (MGLS) that have higher price ceilings.
The weekly relative strength index (RSI) of Toncoin reveals a downward divergence, suggesting the possibility of continued bearish trends for the cryptocurrency, which currently holds the 13th position in market cap rankings in 2024.
Meme Moguls (MGLS)’s Innovative Marketplace Promises Remarkable Gains Upon Launch
Meme Moguls (MGLS), a play-to-earn (P2E) meme token on the Ethereum blockchain, stands out from the crowd for quite a number of reasons. Notably, being the first meme-backed marketplace, Meme Moguls offers a unique interactive experience for memecoin enthusiasts.
The platform offers virtual stock market trading games where users can compete with friends, apply diverse investment strategies, explore new opportunities, and ultimately earn cash prizes and meme rewards.
Another feature that sets it apart from other memecoin is that each player starts with a virtual cash balance of $100,000. This is particularly suitable for crypto beginners who are looking to create portfolios, complete challenges, and convert simulated profits into real, cashable returns. In light of this, community members have the option to organize tournaments for fun or using prize pools and buy-ins.
Moguls World, another attractive feature of the ecosystem, functions as a Metaverse. This virtual initiative enables players to mine tokens, participate in liquidity pools, and stake their tokens for passive income. Those contributing tokens to the Meme Moguls staking pool receive rewards based on their share and annual returns.
The platform also has a dedicated Marketplace for buying, selling, and swapping game items. Users can engage in trading missions and challenges to earn valuable meme assets and rewards. Currently, $MGLS, the native asset at the center of Meme Moguls’ economy is currently trading at $0.0027 in the 4th stage of the project's ongoing token presale.
Learn more about the $MGLS here:
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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