Altcoins are pumping left and right as the cryptocurrency market continues to gain momentum. Among the top-performing altcoins, analysts point to three specific projects — Polygon (MATIC), Aptos (APT), and Meme Moguls (MGLS) — as potential big winners in the coming years. Let’s explain why these three projects are gaining so much traction and what analysts predict for their growth in 2024.
Polygon (MATIC): Poised for Significant Market Growth
Polygon was one of the leading altcoins during the 2020/21 bull run, and analysts are predicting the trend to continue in this latest bull market. Analysts point to Polygon’s disruptive approach to scaling and interoperability in the crowded Ethereum network. Polygon is well-positioned to capitalize on this need as the demand for cheaper and faster transactions grows.
But what does the chart say? Like most altcoins, Polygon experienced a significant correction in the last two years but appears to have found recent support at the $0.50 level. A bounce from this level and past $0.60 has fueled a 30% weekly gain to the current Polygon price of $0.91. Traders now eye the critical $1 resistance level.
A 10x gain from the current market cap of $8 billion would place Polygon at a market cap of $80 billion, which is entirely plausible given the project’s potential growth and current trends in the cryptocurrency market. Still, Polygon is unlikely to match the parabolic growth trajectory that analysts predict for Meme Moguls.
Aptos (APT): The Tech Stack Advantage
Aptos is another altcoin that analysts believe could experience massive gains in 2024. What sets Aptos apart from other projects is its strong team, which includes former Meta Blockchain developers. Using the Move programming language is another major advantage for Aptos as developers grow tired of the limits of Solidity.
Aptos rallied from $3 to $18 in Q1 2023 to become one of the quarter’s top-performing altcoins. However, Aptos would later correct to $4.72 as the cryptocurrency market experienced a significant downtrend.
Fast forward to Q4 2023, and Aptos has broken out from a descending trendline and is retesting the $8 resistance level after a 60% gain in the last three weeks. A breakout and close above $8 would likely see Aptos test $10 within 24 hours, with this acting as the final hurdle before a potential 10x gain in 2024.
Meme Moguls (MGLS) Expected to Lead 2024’s Memecoin Surge
As the name suggests, Meme Moguls is heavily focused on capitalizing on the current trend of meme-based cryptocurrencies. The project aims to create the world’s first meme-backed stock market to unleash the earning potential of memes for creators and investors alike.
At the heart of Meme Moguls is the ambition to create a space where individuals can become moguls in their own right. Drawing inspiration from influential figures like Elon Musk and Warren Buffett, Meme Moguls encourages users to channel their inner entrepreneurs.
The Meme Moguls ecosystem comprises several unique components: the Moguls Casino allows for exhilarating gameplay using meme-based assets, the Moguls Exchange Trading Platform offers a space for trading these unique assets, and the Meme Moguls Fantasy Trader challenges users to compete against others, win prizes, and earn rewards.
What sets Meme Moguls apart is its strong emphasis on community. Users join a vibrant community of meme enthusiasts who can share their thoughts on the market, analyze real-time data, and engage in a fun competition to finish top of the wealth Leaderboard.
The platform is powered by the Meme Moguls Governance Token (MGLS). Holding this token grants governance rights and staking rewards, so users can have a say in the project’s direction while earning passive income.
Meme Moguls has ambitious goals, including creating 100 millionaires within the first three months of launch and becoming the next big meme coin sensation like Pepe, Shiba Inu, or Dogecoin. Analysts note that Meme Moguls can disrupt the $17B memecoin market cap with the potential to grow by 100x if its ambitions are met. The token can be acquired at $0.0019, with a $10,000 prize for one lucky user at the end of each presale.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.