Dogecoin (DOGE) Experiences Price Correction – Can It Recover? Traders Turn to Meme Moguls (MGLS) As It's Poised to Dominate $6.1B Market

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January 19, 2024
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3 min read

Dogecoin (DOGE) recently experienced a price correction that left a lot of investors worried about its future. The meme-inspired cryptocurrency has still managed to capture the attention of investors and enthusiasts, and it could soon recover. 

In the meantime, the Meme Moguls (MGLS) presale also picked up significant steam and could see higher highs following the launch. By the end, we will determine which is the best cryptocurrency to buy.

Dogecoin (DOGE) Experiences Price Correction – Can It Recover?

Dogecoin (DOGE) has failed to extend above the $0.087 price level, which has resulted in trimmed gains. The value of the Dogecoin crypto traded below a crucial bullish trend line on the weekly chart, and the price could extend its losses to revisit the $0.060 support level in the coming days if traders do not manage to pick up steam. 

In the past week, the Dogecoin price moved up from $0.076 to $0.087, and has since then found support at $0.080.  A downside break below the $0.075 level could send DOGE toward lower support, and any more losses could call for a further downside. In the meantime, the bullish Dogecoin price prediction puts it at a value of $0.1387 by the end of 2024. 

Meme Moguls (MGLS) to Dominate $6.1B Market by 2025

Meme Moguls (MGLS) is an upcoming platform that will feature simulated trading to help traders and investors learn as much as possible in the trading world. It will feature P2E elements, and users will be able to improve their trading strategies and turn their simulated profits into cashable returns.

Every player can also engage in MGLS staking, and this way, they can contribute their balance to the Moguls staking pool. The amount they gain is based on the share of the pool and its annual percentage returns.

Players can even create custom avatars and engage in a fantasy meme-trading world. They can climb up the leaderboards and unlock Moguls status to get the best rewards.

There is also Moguls World. This will be the dedicated Metaverse platform. Through it, any player can connect and even mine tokens or join liquidity pools.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">🚀 Stage 4 of the <a href="https://twitter.com/hashtag/MemeMoguls?src=hash&amp;ref_src=twsrc%5Etfw">#MemeMoguls</a> Community Mega Giveaway is here! 🎉<br><br>💰$10,000 in <a href="https://twitter.com/search?q=%24MGLS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MGLS</a> tokens up for grabs! <br>Join us for creative challenges, thrilling quests &amp; fun community activities. 💯<br><br>⌛Participate &amp; win big before the Stage 4 Presale ends. <br>Your creativity &amp; engagement… <a href="https://t.co/cB1Hmci8CJ">pic.twitter.com/cB1Hmci8CJ</a></p>&mdash; Meme Moguls (@meme_moguls) <a href="https://twitter.com/meme_moguls/status/1745003032012595558?ref_src=twsrc%5Etfw">January 10, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Data from Statista indicates that the meme market can rise as high as $6.1 billion by 2025. Meme Moguls can become a dominant force in this market.

Every player within its ecosystem can begin trading with $100,000 in virtual cash. They will be limited to using just 20% for a single investment in order to simulate real-world trading in a better way.

The project is at Stage 4 of its presale, trading at $0.0027. There is also a $10,000 giveaway available on X (Twitter) platform for the most active community members.  At launch, analysts expect it to rise as high as 100x and these aspects make it the best cryptocurrency to buy.

Summary

Dogecoin is falling in value and needs to regain the attention of bulls in order to climb back up. Yet its long-term outlook is optimistic. The cryptocurrency ICO for Meme Moguls is very bullish in comparison, and many have turned to it in order to get a high ROI opportunity. 

Visit Meme Moguls

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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].

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