Shiba Inu (SHIB) and Polygon (MATIC) Turn Red on Charts – Traders Turn to Meme Moguls (MGLS) to Recoup Losses

Table of Contents

• Polygon (MATIC) Fell 11.4% – Is a Recovery Above $1 Possible?
• Summary

Shiba Inu (SHIB) and Polygon (MATIC) have both entered the red zone on the charts, worrying investors. Analysts are, however, bullish on their future and project that they are primed for a recovery. In the meantime, the Meme Moguls (MGLS) presale has seen massive momentum. To see how far each crypto can climb, we will analyze their on-chart data.

Shiba Inu (SHIB) Fell Sharply Into the Red Zone – Analyst Projects Recovery and 740% Surge

Shiba Inu (SHIB) recently fell into the red zone and left investors worried about its future. Yet, a prominent crypto analyst made an ambitious forecast for the future of the Shiba Inu price. Javon Marks, an independent technical analyst, posted on X how it can surge by 740%.

This would lead to a new all-time high for the Shiba Inu crypto, and this is based on historical chart patterns which could be repeating. As for the weekly performance, SHIB traded between $0.058692 and $0.00001005. This bold Shiba Inu price prediction could occur, as the price charts are similar to the structure that kicked off the crypto’s parabolic rally in 2021.

Polygon (MATIC) Fell 11.4% – Is a Recovery Above $1 Possible?

Polygon (MATIC) has been falling in value since it reached a peak of $0.88 during the past week. The price has seen a total decrease of 11.4%, leading to many speculating a bearish future for the Polygon crypto.

The price could show a rise if it manages to break above the resistance trendline. The short-term outlook for the Polygon price suggests that it will consolidate until it finds support from the buyers near the support level. According to the Polygon price prediction, it can rise to $1.42 by the end of 2024.

Meme Moguls (MGLS) to Feature Simulated Trading and P2E Elements

Meme Moguls (MGLS) will feature a P2E game that will help users learn how to invest. By utilizing the various aspects of its ecosystem, they will be able to compete with friends in simulated trading. As a result, they can learn investment strategies and climb up the leaderboards. The higher they get, the better rewards they can reach, with the highest rank being Moguls status.

Every player begins with $100,000 in virtual cash. They can use this to create a portfolio, andcan then complete challenges to turn their simulated profits into cashable returns. In order tobetter simulate real-world investing, they will be limited to just using 20% of the portfolio on a single investment.

Every player can also access Moguls World. This is a dedicated Metaverse, where they can connect, mine tokens, join liquidity pools, and stake their tokens. MGLS is now appealing to traders and is seen as the best cryptocurrency to buy today.

As a result, for those asking which crypto to buy today for long term, MGLS provides a solid proposition to become a dominant force in Web3.

Summary

Shiba Inu and Polygon are both bearish on the charts, yet analysts project massive gains in their future. For the time being, MGLS has reached Stage 4 of the blockchain ICO. Here, it trades at $0.0027. At launch, analysts project a 100x rise in value, making MGLS the best cryptocurrency to buy today.

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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.