The crypto market downtrend has pushed many cryptos into the bear market. Arbitrum (ARB) has been on the bear market in the last weeks, with the token price falling significantly in the last month. OKB (OKB) market dominance is also waning, with a 5.46% price loss in one month. In contrast, Meme Moguls (MGLS) ongoing presale has been a resounding success, with investors seeing the token as one of the best cryptocurrencies to buy for long-term profits.
Meme Moguls (MGLS) Attract Investor’s Inflow From Different Projects
With Meme Moguls having core features of meme coin with utility, many investors have been sounding out the project as an alternative amidst the general market downtrend. Notably, investors from Arbitrum and OKB are migrating to Meme Moguls after both tokens were hit by the bear market.
By simulating and making trading knowledge accessible to all, Meme Moguls will create expert traders in the mold of Elon Musk and Warren Buffett. Every trading knowledge acquired by users on the platform can immediately be put into practice through competitions and trading tournaments where winners will be awarded cash prizes and giveaways.
A key feature of Meme Moguls is the Moguls Land where users can immerse themselves in a metaverse experience, connect with gaming enthusiasts, and mine tokens for profit. Not only that but users can also access the liquidity pool and stake their assets for passive income. To cap it all, one winner will be selected among the platform’s Twitter admirers who are most active on Twitter and a giveaway of $10,000 will be presented to the winner at the end of every presale stage.
The platform ERC20 token MGLS is sold for $0.0036. Analysts project a 100x return in the first year for MGLS holders. To stabilize the price of the token, Meme Moguls will lock the team token for two years and the liquidity pool for five years. SolidProof has audited the smart contract. With the global meme industry reaching $6.1 billion by 2025, Meme Moguls is picked as one of the best cryptocurrencies to buy in 2024.
Arbitrum (ARB) Investors Seek Alternatives After Token Slump by 22.71% in One Week
The Bitcoin ETF approval has caused panic selling pressure among Arbitrum holders as the bears continue their dominance on the token. A 22.71% loss in one week has made Arbitrum investors take a selling position with many of them seeking alternative moves.
A look at the Arbitrum technical charts indicates that the bear markets are 20 EMAs and 50 EMAs. However, strong believers of Arbitrum may use this time to buy the dip as the Arbitrum price is expected to see a significant upswing to the $2 threshold in the coming months.
OKB (OKB) Price Dips Amidst Unfavorable Market Condition
The OKB (OKB) weekly and monthly trading charts indicate that the OKB price is falling into a downtrend. A 5.45% loss in one month has increased the pressure on OKB with the token struggling to move above the channel’s lower boundary.
On average, OKB buyers may need to intensify their efforts to keep the sellers at arm’s length. A good buying position within the next months could help OKB climb above the next resistance level of $55.
