Floki (FLOKI) received an allegation lately which led the cryptocurrency to ban Hong Kong citizens from accessing the platform, subsequently leading to a slight decline in its price. Similarly, Bonk (BONK) is also experiencing a downward trend, losing momentum over the past 30 days.
However, amidst these challenges faced by Floki and Bonk, Meme Moguls is providing updates to its user base regarding the closing date of its presale. The project has since achieved nearly $2 million in ongoing token presale and aims to establish itself among the best cryptos to invest in.
Bonk Coin Needs To Hit New Resistance Levels for a Comeback
Bonk teased a bullish moment when it priced above $0.000016 early this year. However, the positivity around Bonk later soared as the price immediately plunged below its support level. This decreased the chance of Bonk being among the best cryptos to buy now.
Bonk coin went as low as 0.0000090 in January, losing as much as 21.73% gains throughout the month. At the moment, Bonk is holding on to a weekly price range of $0.0000106 to $0.0000125.
Currently, Bonk is declining in price, market cap, and trading volume. While the percentage of losses is getting lesser, if Bonk is not able to hit new resistance levels, it may experience its current decline for a longer time.
Floki (FLOKI) Price Declines Amid Hong Kong’s Suspicious Allegations
The Securities and Futures Commission (SFC) in Hong Kong issued a warning regarding Floki, labeling its staking programs as “suspicious investment products.” As this news spread, Floki price felt a touch of bearish force making FLOKI’s price below $0.00002834.
Specifically, the caution was raised on Jan. 26 about Floki and TokenFi staking initiatives, highlighting the ambitious annualized return commitments ranging from 30% to over 100%.
In response to the SFC advisory, Floki took preventive action by restricting access to its staking program for users based in Hong Kong. However, Floki price has been declining lately but still shows signs of recovery in a few weeks.
Meme Moguls (MGLS) Announces End-Date For Its Presale Run
As February unfolds, Meme Moguls (MGLS) considers the feedback from its community and has set the closing date for its ongoing presale to be on Wednesday, 28th February. Meme Moguls then plans to unveil officially into the crypto market as the new best crypto to invest in.
Beyond its enticing perks and events, including token mining at Moguls Land, Meme Moguls establishes itself as a leading DeFi token promising substantial returns. Analysts predict MGLS to follow a similar upward trajectory, supported by its utility as both an in-game currency and governance token within the Meme Moguls platform.
Looking ahead, the platform is gearing up for its listing on Uniswap and other active platforms. Meme Moguls aims to captivate its users with a sneak peek at the fantastic features and gameplay it’s been meticulously crafting.
With plans to launch its test phase on the 11th of March, the Meme Moguls native token is currently priced at 0.0036 in its stage 5 presale. As it progresses into stage 6, the token will increase to $0.0042, hence your queue to buy for a cheaper price now. Early adopters have already enjoyed a substantial 90% profit. As 2024 unfolds, MGLS tokens are poised for significant gains, mirroring the previous bull run’s memecoin surge.
For more information about the Meme Moguls (MGLS) Presale:
Visit Meme Moguls | Join the Community
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.