Solana, Meme Moguls, and Bitcoin Expected to Lead Next Market Upturn
According to experts, Solana (SOL), Meme Moguls (MGLS), and Bitcoin (BTC) are predicted to be the top performers in the next market upswing. While Bitcoin and Solana experienced a decline in January, Meme Moguls reached a new all-time high.
Solana’s Trading Volume Decreases
Solana’s daily trading volume has dropped by $2.5 billion following a recent correction, bringing it to $1.48 billion. Despite the decrease, SOL has remained stable in the past week amidst a general drawdown in altcoins. Over the last 12 months, Solana has been one of the best-performing altcoins. Experts forecast that SOL could reach $150 in Q1 as its ecosystem continues to grow.
Bitcoin Price Declines in January
In January, 11 spot Bitcoin ETF products were approved and launched. However, BTC prices faced pressure and fell from $49,102 to $43,115. Analysts suggest that short-term holders taking profits may have contributed to the price decrease. Many investors are uncertain if this trend will continue leading up to the upcoming Bitcoin halving in April.
Meme Moguls Set for Gains
Meme Moguls is an emerging play-to-earn (P2E) ecosystem gaining popularity. They will soon showcase their first game preview with new features that investors can test after the game’s launch on March 11. The game has already raised over $2 million, and MGLS prices are expected to rise from $0.0036 to $0.0042. However, some analysts caution against excessive bullishness on the token.
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