Though first released in 2022, BONK remained under the radar until November 2023, during which it became one of the world's most popular memecoins. At its peak, BONK hit an all-time high of $0.00003419, though its value has decreased over the last month. As investors look to minimize their losses, many are choosing to invest in the Meme Moguls presale, which is up by 90% since it first started.
Is It Too Late To Capitalize On BONK?
At the time of writing, BONK was down 69.44% from its all-time high. Since its initial surge, the Solana-based memecoin has struggled to remain relevant, and consequently, BONK is losing its popularity. Its daily trading volume has experienced several declines throughout January, and recently fell below $100 million.
So what’s next for BONK? According to crypto analysts, the memecoin could continue on its current bear run. At the time of writing, BONK was trading at $0.00001045, down 22% in January. Analysts believe that without any major updates, BONK may fall further.
However, bullish analysts predict that BONK could experience a second surge during the Bitcoin halving in April. Historically, BONK has followed Bitcoin trends. It experienced a dramatic surge in November and December in line with Bitcoin trends and, therefore, could repeat this trend.
Nonetheless, this may not be enough to keep investors interested. With no real utility or real-world applications, BONK is purely reliant on market trends. Consequently, it may gain popularity during bull runs, though is likely to drop dramatically once the bull market slows down.
Meme Moguls Prepares For Takeoff
While the hype around BONK declines, Meme Moguls is performing better than ever. Since its presale started, $MGLS tokens have increased in value by 90%. Furthermore, Meme Moguls has raised almost $2 million and attracted a huge audience of loyal investors. Now, with its launch date coming up, analysts expect Meme Moguls to surge.
Unlike current memecoins, Meme Moguls offers fantastic utility. It introduces a meme-based investment ecosystem. Within this ecosystem, players can completely customize their avatars, interact with other players, and build their skills with several lucrative investment games.
One of the main features of this ecosystem is a virtual stock market. Here, investors can build a portfolio of meme assets, complete challenges, and scale up a leaderboard to earn rewards. Alternatively, players can compete in tournaments to earn cash prizes or put their skills to the test in winner-takes-all events.
Having already been successfully vetted, Meme Moguls has quickly built a strong audience who believe this new concept could gain significant traction in the DeFi space. Within a year, experts believe that Meme Mogus could increase 100x from its initial presale value, taking $MGLS to highs of $0.19.
Be the smartest in the room
At the time of writing, $MGLS tokens were selling at $0.0036 during stage five of the Meme Moguls presale. This presale will finish at the end of February, after which $MGLS will be listed on Uniswap as well as several other exchanges.
For more information about the Meme Moguls (MGLS) Presale: