Solana has become one of the most sought-after altcoins following its 2023 growth. The project saw returns of over 300%, and now experts believe that Solana could hit an all-time high during the next crypto bull run. However, some investors are choosing to diversify with Meme Moguls. This hot new project has soared by 90% during its presale and is expected to offer significant returns after its launch on February 28.
Solana Struggles to Pass $120 Resistance
Following a dramatic surge at the end of January, Solana has entered a consolidation phase. Over the last week, Solana’s price dropped by 3.51%, and Solana remains stuck below its resistance level of $120.
Its recent decline is attributed to buyer exhaustion, with its daily trading volume fluctuating between $1 billion and $1.5 billion. According to market analysts, many investors believe that it could be too late to capitalize on current Solana trends. As a result, some predict that Solana’s trading activity could decline over the next week.
Due to excessive upward pressure, Solana is now trading close to a key support. At the time of writing, Solana was trading at $109.67, and its value had dropped by 2.35% in the last 24 hours. With its growth remaining slow, some investors are now choosing to diversify.
One project that’s now attracting Solana investors is Meme Moguls. Dubbed the next Solana, this exciting meme coin offers a unique ecosystem, and experts believe it could surge 30x once its presale ends later this month.
What’s Next For Meme Moguls?
Since the start of 2024, Meme Moguls has continuously made headlines. This one-of-a-kind project has surged a massive 90% during its presale and could experience another price surge before its presale is finished. Now, experts believe that its utility token, $MGLS, could increase over 30x within the next few months. Here’s why.
Before its listing on February 28, the Meme Moguls developers will showcase the project’s features during an official game preview. This preview will give investors insights into the game’s virtual stock market, game leaderboard, and the different game modes for players to enjoy.
This event will be followed by the project’s official listing on February 28, when Meme Moguls will be listed on Uniswap. Presently, developers are also in talks with several other exchanges that could be announced before the project is officially listed.
On March 11, Meme Moguls will begin the first phase of its game’s release. This highly anticipated event is expected to be met with excitement throughout the Meme Moguls community, who have patiently waited months for the project’s release.
To get involved in one of the market’s most popular presales, investors can purchase $MGLS through the game’s official website for $0.0036 per token. Those who buy now could still be in for a chance of winning Meme Moguls’ presale prizes and will be able to capitalize on its expected growth over the next few weeks.
