Bonk exploded onto the crypto scene in Q4 of 2023. The Solana-based memecoin hit an all-time high of $0.00003419 on December 15, before experiencing a price correction in 2024. As its momentum slows, investors are looking for alternative memecoin opportunities. One project that's caught the attention of investors is Meme Moguls. This innovative altcoin offers greater utility than memecoins, though it is expected to offer memecoin level returns.
Will Bonk Recover From Its Bear Run?
Bonk (BONK) has declined by 69.12% from its all-time high in 2023. The Solana-based memecoin has faced significant price declines over the last month, causing investors to question whether or not it’s too late to invest in Bonk.
Bonk made headlines throughout 2023 following its sudden rise to fame. Within weeks, Bonk became one of the world's most profitable memecoins, outshining classic options like Shiba Inu and Dogecoin. However, Bonk is now losing its momentum.
The biggest Bonk drawback is that it offers very little utility. Aside from being a Solana-based memecoin, Bonk is no different from other ETH memecoins. As a result, Bonk’s price is fully reliant on market trends. If the market is up, Bonk will increase. If the market is down, Bonk risks crashing.
Over the last month, Bonk’s price has decreased by 16%, and Bonk's trading activity has fallen. In the process, Bonk has dropped down the crypto rankings and is now the 79th-ranked cryptocurrency by trading volume.
If the cryptocurrency market rallies following the Bitcoin halving, Bonk could see a price surge. However, based on current trends, Bonk could drop an additional 20% over the next month. Consequently, some investors are diversifying their portfolios with projects like Meme Moguls.
Meme Moguls Outperforms The Memecoin Market In January
While memecoins like Bonk faced significant declines, Meme Moguls soared during its presale. The project recently hit a milestone of raising $2.2 million, and its utility token, $MGLS, is up 90% since its presale started. With Meme Moguls launching on February 28, experts believe $MGLS could experience several price surges before the end of Q1.
Meme Moguls offers greater utility than any memecoin in circulation. Its ecosystem will include the world's first meme stock market, exciting new games, and a bustling community where investors can network and share trading strategies. Investors will be able to view this ecosystem firsthand this week, as the Meme Moguls developers launch the game's first preview.
Investors who buy Meme Moguls’ tokens during its presale will be eligible for a 30% buy bonus. Additionally, they’ll also be able to win prizes as part of the project's $150,000 prize pool. Prizes include gadgets, holidays, experiences, cash, and more.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">MOGULS!! 🔥<br><br>Are you ready to change the landscape? 🧑🌾 With one of the biggest airdrops of 2024 👀 Get ready!! <a href="https://twitter.com/search?q=%24MGLS&src=ctag&ref_src=twsrc%5Etfw">$MGLS</a> Farming. Coming soon… <a href="https://t.co/9UPUeV5klt">pic.twitter.com/9UPUeV5klt</a></p>— Meme Moguls (@meme_moguls) <a href="https://twitter.com/meme_moguls/status/1733077444930703567?ref_src=twsrc%5Etfw">December 8, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Within the Meme Moguls game, players will have several opportunities to generate an income. These include ranking in the game’s leaderboard, winning tournaments, and staking $MGLS tokens.
$MGLS tokens are currently selling fast for $0.0036 during stage five of the Meme Moguls presale. They’re expected to increase to $0.0042 before the end of the presale and could reach $0.19 within a year of the project's release.
At the end of February, Meme Moguls’ tokens will be launched on Uniswap, though experts are in talks with several exchanges to ensure $MGLS are as widely accessible as possible.
For more information about the Meme Moguls (MGLS) Presale:
Visit Meme Moguls | Join the Community
