While many top crypto coins like Ordi still find a foothold amidst the ongoing market correction, some memecoins are registering positive numbers almost effortlessly. Notable mentions include Dogwifhat and Meme Moguls, a new entrant with a mission to revolutionize the memecoin market.
Ordi (ORDI) Witnesses Declining Price Amidst Market Downturn
Just at the beginning of December 2023, Ordi price peaked from its previous average of $22 and rapidly climbed up to its yearly peak of $86 barely a month after, reflecting a nearly 300% increase within the duration. While the rapid surge was largely attributed to the crypto market bull run at the time, the ORDI token like many other top crypto coins has since faced major turbulence in the weeks that followed.
The ORDI token is currently being traded within the $53 to $55 range, indicating a significant decrease in its cryptocurrency value. In the past week alone, the ORDI token has witnessed a weekly loss of over 25%, with a nearly 27% decline over the past month.
The downturn can be attributed to the broader market conditions. It remains uncertain whether the ORDI token can retain a substantial portion of its gains from the previous bullish period. Considering the rate at which the token has declined in the past two weeks, further depreciation is anticipated. Albeit, it remains unclear whether the price will stabilize around the previous yearly average of $22.
Dogwifhat (WIF) Takes Center Stage As It Surges Dramatically Amidst Market Downturn
There are memecoins who are severely affected by the current market downturn, and there is Dogwifhat (WIF) which has held a strong position so far. Based on the Solana blockchain, Dogwifhat like many others was inspired by the iconic Doge meme.
However, WIF token resilience amidst the current market downturn is not only astounding but also negates that the general misconception that most memecoin are largely driven by hype. In its case, the WIF token has recorded more increase in its value than the majority of the standout performers. Interestingly, this comes with relatively little hype from its community.
It is also important to note that Dogwifhat memecoin is one of very few that has maintained a relatively stable price trajectory since launch, trading at an average price of $0.18 all year round in 2023. Currently trading in the ranges of $0.32 and $0.35, Dogwifhat price reflects an increase of over 105% in the past month alone, further shedding more light to Meme Moguls which boast far better potential.
Meme Moguls (MGLS) Exhibit Sustainable Path for Memecoin Holders
The memecoin market is about to get a lot more interesting with the introduction of Meme Moguls (MGLS). Unlike most memecoins, Meme Moguls introduces a dedicated marketplace where users can buy, sell, and trade their favorite memes.
Besides its exceptional meme-backed exchange which is a step away from the conventional crypto exchanges, Meme Moguls also doubles as an ecosystem, offering a diverse range of activities that cuts across entertainment, education and finance.
Notably, there is a metaverse or virtual world within the ecosystem dubbed Moguls world. Here, participants will be able to connect, mine tokens, join liquidity pools, and stake their tokens.
The $MGLS token is at the heart of Meme Moguls’ operation, functioning as both the native asset and governance token of the Meme Moguls ecosystem and tokenomics. Interestingly, holders of the MGLS token can maximize their revenue by participating in different activities on the platform such as the Moguls Casino and the dedicated Trading Platform.
Additionally, players can contribute their existing tokens to the Meme Moguls staking pool. By staking their tokens, players become eligible for rewards based on their share of the pool and annual returns percentage. The more tokens staked, the higher the potential earnings.
Currently, at Stage 5 of the presale, the token is priced at $0.0036, representing roughly a 90% increase from its initial price of $0.0019. Interestingly, the token price is expected to soar with each presale stage due to the dynamic pricing model adopted. Analysts predict that it can surge by 1,000% on its launch day based on the latest projections.
Meanwhile, upon signup, users get a 30% deposit bonus offer and also stand a chance to win $10,000 worth of MGLS tokens after the presale. Beyond investment, Meme Moguls seeks to build the best crypto community and ultimately redefine the trajectory of the memecoin market.
Click Here To Take Part In The Meme Moguls Presale
Visit the links below for more information about Meme Moguls (MGLS):
www.mememoguls.com
