Ordi (ORDI) and Bonk (BONK) Experience Significant Decline, Analysts Say This New Coin Will Outpace Both
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/Meme Moguls/ – The crypto market continues to face a prolonged downturn, with numerous cryptocurrencies, including Bonk (BONK) experiencing a significant decrease in their token values. Despite the ongoing market correction, some top crypto coins like Ordi (ORDI) are managing to maintain stability, with hopes of seeing breakthroughs amidst heavy volatility.
Meanwhile, certain meme coins are effortlessly recording positive figures. Meme Moguls, a new entrant with an ongoing bullish momentum has rewarded early buyers with 90% returns.
Ordi (ORDI) Decline Persist, Can It Make It Back to the $60 Price Level Any Time Soon?
Ordi (ORDI) experienced a decline in the third week of January, interrupting its bullish momentum. However, user interest in Ordinal inscriptions remains robust. Following its listing on Coinbase in late 2023, ORDI witnessed a significant surge, establishing itself as one of the most popular altcoins. In particular, its market capitalization surged from $409 million in late November to $1.34 billion by January 21.
In a turn of events, ORDI price has fluctuated between $62.48 and $56.57 in the past week, resulting in a weekly decline of nearly 10%. Nevertheless, ORDI bulls are now leading a recovery for the token as altcoins closed the trading day with positive gains. The resurgence in buying pressure is driving ORDI into oversold levels, indicating a potential upswing in the works for ORDI.
Bonk (BONK) Anticipated to Run Bullish Despite Continuous Decline in January
BONK is a Solana-based cryptocurrency that burst onto the scene in December 2022, riding the Solana wave with great zeal, and just in 2023, it shot up by more than 10,000%, surprising many in the crypto community. Since the SAGA phone brought BONK into the limelight in December 2023, it has maintained its status as the second most-traded memecoin behind Dogecoin.
Conversely, BONK experienced a significant decline of 27.87% over the past month. Despite this dip, Analysts believe it will go up again due to recent attention, potentially attracting more investors. As a result, they predict BONK could reach $0.00003254 by the end of January 2024.
Meme Moguls: First Meme-Backed Play-to-Earn Platform
As Meme Moguls (MGLS) progresses through its latest presale stage, the emerging cryptocurrency is attracting increased attention and value, having generated nearly $2 million in sales. In its ongoing stage 5 presale, the Meme Moguls token ($MGLS) is rapidly selling at the newly set price of $0.0036 providing 90% ROI on early participants. The notable interest in Meme Moguls can be attributed to its distinctive use case as a meme token, setting itself apart in the meme coin market by extending beyond typical internet trends.
Meme Moguls introduces a play-to-earn game, offering users a combination of entertainment and educational value in investing, all while earning $MGLS tokens. This unique approach positions the MGLS token as a potential standout in the crypto market for investment gains.
Distinguishing itself from other meme coins, Meme Moguls integrates a range of features, including simulated investing, engaging gameplay, community tournaments, an NFT marketplace, and ambitious plans for a metaverse.
This comprehensive strategy places Meme Moguls as a top crypto coin for investments. The focus on practical utility, with $MGLS serving as both an in-game currency and governance token, enhances Meme Moguls’ legitimacy and positions it as a top choice for investment within the meme coin market.
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