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Following a recent market correction, DeFi experts Solana, Meme Moguls with an uncertain future, and Bitcoin could allegedly be instrumental in the next crypto bull run, according to sponsored content poster. While both Solana and Bitcoin experienced minor price drops in January, one wonders if Meme Moguls will be successful in 2024. It is a new project and its future is uncertain, there is a risk of investment loss.
Solana Transaction Volume Decreased by 2.5 Billion Dollars
Following its last correction, Solana’s daily trading volume decreased by $2.5 billion. At the time of writing, SOL’s daily trading volume was $1.48 billion, making Solana the 6th most traded cryptocurrency in the world.
Although trading volume decreased, Solana’s price remained stable. It is up 0.12% in the last seven days, while many other altcoins have experienced price declines. Solana also remains one of the best-performing altcoins over the past 12 months, its value increasing by more than 300%.
As the Solana ecosystem continues to grow, experts believe SOL could move towards $150 in the first quarter. As a result, investors are optimistic about Solana, with analysts predicting that SOL could repeat its 2023 success.
Bitcoin Price Drops in January Despite New ETF
Despite being one of the most exciting product launches in cryptocurrency history, the launch of 10 Bitcoin ETF products did not have much of an impact on Bitcoin’s price. When ETFs first came out, Bitcoin hit a yearly high of $49,102. However, it has since dropped to $43,115.
This has caused controversy throughout the DeFi ecosystem as market analysts try to figure out why Bitcoin has failed to make the jump. According to Julio Monero, head of research at CryptoQuant, this decrease may have been triggered by short-term Bitcoin holders.
Thousands of whales and short-term investors sold their Bitcoin to benefit from last year’s surge. As a result, the Bitcoin price rally was only short-term. Now, investors are asking whether the same trend will occur during the Bitcoin halving in April.
Can Meme Moguls Succeed?
The highly anticipated Meme Moguls pre-sale is said to be expected to end in the first quarter, according to the sponsored content poster. As this innovative new P2E ecosystem has gained significant traction and now, it remains to be seen whether developers will be able to keep Meme Moguls afloat or whether it will be successful.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to the content poster, next week, the developers will showcase the first preview of the game, which is expected to take the excitement for the project to new heights. As part of this preview, investors will be able to see the newly introduced features and test them for themselves following the phase 1 launch of the uncertain Meme Moguls game in March. The project is new and its future is uncertain, there is a risk of investment loss.
MOGULS!! 🔥
Are you ready to change the landscape? 🧑🌾 With one of the biggest airdrops of 2024 👀 Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt
— Meme Moguls (@meme_moguls) December 8, 2023
The game has raised over $2 million, with an additional $150,000 raised in the last few days. Now, the team is claiming that the 5th phase of the Meme Moguls presale will sell out within two weeks, after which $MGLS tokens may rise from $0.0036 to $0.0042. It is not known whether the stock exchanges will accept Meme Moguls or not; if there is no listing, there will be a loss of investment in the project if the team does not remain loyal.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
It’s not certain if it can be successful after it launches on Uniswap and a few other exchanges, it’s been claimed that Meme Moguls might take off, it’s not certain. The project is risky, do not take any action without obtaining detailed information about the project and its team.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!
