TRON (TRX) Coin Could See a Rise Soon
Looking back at 2023, Tron (TRX), a top crypto coin built on the blockchain, had a good year. Despite experiencing some setbacks, TRON token showed resilience and recovered just fine.
However, recent events are influencing the token price in 2024; notably, an address belonging to TRON founder Justin Sun deposited 50 million USDT into Binance on January 3, according to Lookonchain, a source of on-chain data.
Following this move which has drawn so many critiques, TRX’s value has witnessed a sharp decline; on January 10, it was worth $0.105, indicating a 1.87% decrease from the previous price range of $0.109.
Because of its price fluctuation, analysts still anticipate that TRON’s downturn will continue. As a result, experts predict that for the next two weeks, Tron price will continue to drop, possibly reaching $0.101. With TRON’s future seeming less promising, analysts advise investors looking for variety to choose alternatives like Meme Moguls.
Can Dogecoin (DOGE) Reach New Heights and See a Rise in Value?
In 2013, Dogecoin (DOGE) emerged as the pioneering memecoin, making its mark on the Bitcoin network. About a decade later, Dogecoin price reached an impressive $0.1058 in December 2023, fueled by the announcement of a spot Bitcoin ETF.
However, the memecoin subsequently faced a major decline which has birthed skepticism around the effect of Bitcoin ETF on the meme token. As of writing, DOGE price analysis on CoinMarketCap reveals that Dogecoin has experienced a weekly decrease of 11.1% and a monthly decrease of 18.5%.
On January 10, the worth of Dogecoin (DOGE) dropped below $0.08 raising investors’ concern. Market statistics trends indicate that a favorable Bitcoin Spot ETF decision may lead to additional declines.
Despite these declines, enthusiasts of Dogecoin anticipate a market recovery in the upcoming days. In a scenario where this happens, the price of Dogecoin may fall to the $0.1 range.
Meme Moguls (MGLS) Unveils Its Profit Potential as the Best Crypto to Invest In
Meme Moguls (MGLS) aims to disrupt the crypto industry, especially the memecoin market by introducing the first meme-backed stock exchange. Among other things, Meme Moguls introduces a thrilling play-to-earn (P2E) function allowing users to win prizes while playing the game. Its objective is to instruct participants on how to amass profits and present a whole ecosystem powered by the MGLS token, its native asset.
Every player starts with $100,000 in virtual currency. Using it, they can build a portfolio and then leverage challenges to convert their virtual gains into cash returns. The platform will permit investors to use only 20% of the portfolio on one investment.
MGLS holders have the opportunity to become a Mogul and also raise their in-play ranking, after which they can profit from their trading knowledge while generating passive income.
Furthermore, users must finish tasks and challenges to gain access to priceless meme assets and exclusive awards. They can exchange, buy, and sell game stuff on the in-game marketplace. A Wealth Leaderboard is also available; here, a monetary reward pool determined by a portion of the project’s daily earnings will be divided among the top 20 Moguls.
Looking ahead, MGLS token seeks to provide enormous utility to investors. It serves as the governance token for the Meme Moguls ecosystem and an in-game currency. The project is now in its initial coin offering (ICO) phase, where MGLS is trading for $0.0036 with Stage 4 presale selling out in record time.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Analyst comment
Positive news: Meme Moguls (MGLS) unveils its profit potential as the best crypto to invest in, introducing a meme-backed stock exchange and play-to-earn function. The project aims to provide enormous utility to investors and is currently in its initial coin offering phase.
Neutral news: TRON (TRX) coin experiences a decline in value due to recent events, including a deposit by TRON founder Justin Sun. Analysts anticipate TRON’s downturn to continue in the next two weeks, possibly reaching $0.101.
Negative news: Dogecoin (DOGE) faces a major decline, with a weekly decrease of 11.1% and a monthly decrease of 18.5%. The worth of DOGE dropped below $0.08, raising investor concern. The decision on a Bitcoin Spot ETF may lead to additional declines. However, enthusiasts anticipate a market recovery in the upcoming days, potentially falling to the $0.1 range.
