Despite the anticipation surrounding crypto coins and the optimism fueled by Bitcoin’s supposed positive effect on altcoins, some coins started the year on a bear trend. Avalanche and Shiba Inu are two particular coins that have been on a bearish trend since the start of the year.
However, considering the major market movement that is to come, the price of Shiba Inu and Avalanche crypto may regain positive momentum. Meanwhile, a new DeFi project, Meme Moguls, is poised for exponential growth.
Avalanche’s (AVAX) Impressive Month-Long Gain is Succeeded by a Weekly Decline
Avalanche (AVAX) recorded an impressive over the last 30 days, securing a 59.31% gain in the price of AVAX. This gain increased the value of Avalanche coin from $23 to its current range of $36.01 to $36.96.
Unfavorable, in the past seven days, Avalanche has lost over 13.60% gains and 11.49% in just 24 hours. Avalanche is currently trading below both its weekly support level of $42.154 and daily support level of $41.077.
Despite the recent downturn, Avalanche continues to hold its position as the 9th largest cryptocurrency by market capitalization. Based on this premise, the ongoing decline is likely to stabilize as we progress further into the month. Notably, the trading volume of Avalanche has surged by more than 95% in the past 24 hours, pointing at a huge potential for rebound.
Shiba Inu’s (SHIB) Recent Decline Greatly Overshadows its Price Late Last Year
Just like Avalanche, Shiba Inu (SHIB) price has also declined very much lately. Throughout December 2023, Shiba Inu traded at a positive range of $0.00001165 to $0.00001054. However, immediately after the year started, Shiba Inu started a decline.
After its first decline on the 1st of January, SHIB’s price went up as if to regain its positive price but subsequently dropped further on the 3rd. So far, Shiba Inu’s downward trend has continued, recording an 11.57% loss in the past seven days.
In just 24 hours, Shiba Inu has lost over 10% gains also. While this series of declines may continue, Shiba Inu will most likely take an opposite turn in due time, considering the brewing crypto bull run.
Meme Moguls (MGLS) is Poised to Grow Exponentially Due to Multifaceted Features
Meme Moguls distinguishes itself as a standout in this space, breaking away from the typical hype-driven nature of its counterparts. Positioned as a pioneering meme coin with unique utility features, it offers a variety of engaging opportunities.
Operating as a play-to-earn token, Meme Moguls emerges as the potential best crypto investment in the industry. With enticing features like a meme-rewarding casino, simulated investing games, and a ‘Beat the Market’ mode, the platform transcends the ordinary, creating an immersive metaverse experience.
The diverse earning possibilities, combined with a proactive approach to the metaverse, align with Meme Moguls’ dedication to enhancing investors’ earnings. The platform encourages user participation through a staking mechanism, fostering an interactive ecosystem centered around the active use of $MGLS tokens.
Gaining momentum rapidly, Meme Moguls is making strides in its stage 4 presale, having secured over $1.4 million USDT with $MGLS priced at $0.0027. Analysts predict a 10x price increase upon launch, presenting the current presale as an attractive opportunity for potential investors and those seeking the best crypto investment trading platform.
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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.