Both Optimism (OP) and Axie Infinity (AXS) are currently experiencing price correction in the crypto market. Notably, both Optimism and Axie Infinity have recorded weekly losses of about 4% and 7% respectively, suggesting a price correction amid their month-long price surge. 

While investors seek other alternatives to hedge their investment pending a positive turnaround for OP and AXS tokens, Meme Moguls (MGLS) emerges as a promising option. This new market entrant has continued to garner attention in the crypto space, with its ongoing presale successfully raising over $2.5 million.  Let’s delve into and unravel Meme Mogul’s potential to rank among the best new meme coins in 2024.

Meme Moguls (MGLS) Makes a Groundbreaking Record As It Nears the Last Stage of Its Presale

The buzz around the new meme coin, Meme Moguls (MGLS), and its presale is undeniable, with lots of investors flocking to get in on the action. This project has already amassed a staggering $2.5 million in presale investments, poised to disrupt the thriving meme coin space. With its genuine utility and seasoned team at the helm, it’s primed for success.

Meme Moguls’ innovative approach involves seamlessly melding meme coin dynamics with practical functionality. Unlike its other plain meme tokens like Pepe or Bonk, MGLS doubles as both a governance token and the primary currency within the forthcoming Meme Moguls play-to-earn (P2E) game, where varieties of casino games are featured.

In the current stage 5 presale, newcomers looking to invest in this promising crypto will have a 30% deposit bonus, while being presented with a chance to win as much as $10,000 at the end of the presale just by following a few simple steps. All these positions Meme Moguls as one of the best new meme coins around.

Within Meme Mogul’s P2E realm, players will immerse themselves in virtual stock trading simulations, gaining invaluable insights into wealth accumulation and investment strategies. They’ll even have the opportunity to challenge the market in “Beat the Market” mode, pitting their skills against benchmarks like the S&P 500.

Being sold for $0.0036 during Stage 5 of its presale, early backers are already enjoying a remarkable 90% return on MGLS investment. As it plans to list on Uniswap in this year’s Q1, industry experts are forecasting a monumental 100x surge. Regardless, the price of the MGLS token will still appreciate $0.042 in its last stage presale.

Despite Weekly Downturn, Optimism (OP) Is Poised For Further Price Surge  

The Optimism (OP) price chart still displays a notable 22.50% increase in the past month, underscoring its major price move since the start of the year. However, taken aback by a recent market retracement, OP token is now trading below its monthly support of $3.80.

Currently holding at the $3.65 price threshold, OP price reflects a weekly decline of about 7% while trading within a weekly price average of $3.90 and $3.60. Despite losing a substantial portion of its monthly gain in the last seven days, OP token still holds a positive outlook as its monthly outlook suggests more bullish momentum than bearish.

Axie Infinity Price Chart Suggest A Turbulent buy Bearish Price Outlook  

Following suit with OP token, Axie Infinity (AXS) is also experiencing a minor retracement, losing a little more than 3% of its gains over the last seven days. While it currently trades within a weekly price average of $8.04 and $7.80, AXS price suggests a rather turbulent outlook due to noticeable price fluctuation.

While the price decrease may be viewed as a minor setback, Axie Infinity’s monthly price trend continues to show positive momentum. Notably, AXS token maintains a monthly gain of almost 6%, suggesting that the token is still very much in the profit zone. Considering the overall monthly performance, analysts anticipate a potential upswing in the AXS price in the near future.

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