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For the past few weeks, the price of Solana and Ethereum have been facing declining pressure that has pushed both below their support threshold price of $92.39 and $2,509 respectively. Ethereum is still maintaining a positive outlook from a monthly viewpoint.
At the same time, Meme Moguls (MGLS) became increasingly popular as a new-gen meme cryptocurrency.
Supporters of Meme Moguls (MGLS) can take part in pre-sale and buy tokens here.
Solana (SOL) price struggles with pressure
In the past month, Solana has recorded a peak price of above $120 which surfaced on the 26th of December 2023. However, since then, Solana price has been steadily but surely declining over 7.27% in the past week.
While Solana's price declines, there might be a possibility for a sooner comeback as its TVL (trading volume) is steadily maintaining a substantial gaining momentum daily, with a recent 20.72% increase pushing it to $1.2 billion.
Major analyst says Ethereum price may fall to next support price of $2,000
Ali Martinez opined in his X post that, the current Ethereum market analysis suggests that $ETH is within a crucial support range of $2,388 to $2,460. According to him, if this support holds, there is a favorable outlook for upward movement, indicating potential gains.
On the flip side, if Ethereum fails to sustain this level, a pullback towards the next notable support at $2,000 could be anticipated. While Ethereum price has appreciated by 5.56% in the past month, the recent 3.9% decline may attract mixed sentiment that may thwart it.
Meme Moguls (MGLS) enters a new presale stage
Meme Moguls (MGLS), an upcoming meme coin, is gaining substantial attention. Although not officially launched, it is rapidly selling out, from its beta phase and is currently starting its fifth presale.
In contrast to typical meme tokens that experience fleeting popularity, Meme Moguls is positioned as more than just a passing trend. The native token, MGLS, serves dual roles as an in-game currency and governance token, offering practical utility and making it the potential best crypto to invest in.
At the core of Meme Moguls is its engaging gameplay, providing users with a platform to develop investment skills through simulated trading, challenges, and tournaments with attractive cash rewards. The wealth leaderboard, where top performers share in a significant cash prize pool, adds another layer to its appeal.
Moreover, Meme Moguls' metaverse world, staking opportunities, and unique NFT characters contribute to its potential as the best crypto to invest in, attracting sustained attention beyond short-lived hype.
With the fifth presale nearly just starting, there's an opportunity to join and acquire MGLS tokens at the current price of $0.0036 before another potential increase.
Alex Dovbnya
Denys Serhiichuk
Tomiwabold Olajide
