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Investors are eyeing Meme Moguls (MGLS) and Lido DAO (LDO) as potential catalysts for future gains. Meanwhile, Cardano (ADA) faces challenges, losing market momentum and reputation.
Meme Moguls may flip Dogecoin and Shiba Inu
Meme Moguls is garnering attention as a rising meme coin project.
Significant investor activity in the MGLS presale tokens signals bright future potential in Q1 2024.
Meme Moguls is a play-to-earn (P2E) metaverse ecosystem where community members earn rewards and collectibles by competing and staking MGLS.
Moreover, these collectibles can be traded for cash on the platform.
The growing potential of MGLS itself is attracting trade volume, even as the presale is currently entering stage four.
Meme Moguls aims to dethrone established meme coins like Shiba Inu and Dogecoin.
Additionally, available for $0.0027, upcoming liquidity locks make MGLS an appealing token for investors seeking returns compared to alternatives like Lido DAO and Cardano.
Lido DAO set for growth
Lido DAO rallied in 2023.
After starting the year at around $2.80, Lido has gained over 45% to trade near the $4 level as of January 2024.
According to CoinMarketCap data, LDO rose from $2 recorded in late 2022, adding around 60%.
Cardano losing steam
Cardano is down 15% since the start of 2024, signaling a bearish trend.
This reversal comes after a period of relative bullishness in December.
ADA is now hovering close to $0.5, raising concerns among analysts.
CoinMarketCap data indicates a decline in Cardano trading volume, as investors appear to be pulling out of the market.
This trend suggests that the bearish sentiment surrounding Cardano may persist.
Despite these concerns, Coinpedia predicts that Cardano will average $1.37 by the end of the year.
However, this optimistic outlook hinges on a sustained market rally in the coming months.
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This article first appeared at crypto.news
