News Direct – NYC –News Direct– Meme Moguls
The price of Bitcoin has been up and down since December 6th. Meanwhile, meme coins such as BONK, MGLS, and COQ are rising. This follows a broader crypto trading trend and is important to understand if you are looking for big profits.
Explaining the unstable price movement of Bitcoin
Just a few months ago, Bitcoin was languishing around $26,000. Then, on October 24th, he rose significantly to $36,000, and on December 6th, the price rose steadily until he reached $44,000. At this point, the price has been rejected and is now at resistance.
The Bitcoin price has seen some fluctuations, dropping to $40,766 and then rebounding. January is sure to be an interesting month as we will learn of the SEC’s decision regarding the Bitcoin Spot ETF. However, many traders believe a bigger correction could be coming. No one knows what will happen next with Bitcoin, but one thing we can say for sure is that memecoins are generating incredible profits.
As any trader who has experienced past bull cycles knows, this follows a standard pattern. After Bitcoin goes up and outperforms many altcoins, Bitcoin goes down a bit and the altcoins go up instead. And we can see that among all altcoins, some meme coins prove to be the most profitable.
BONK and COQ go crazy
Bonk, Solana’s dog-themed meme coin, has been on the rise since early November, up 300% since then and 20,000% since launch. 50% was airdropped to the Solana community and free tokens were provided to those who purchased Solana’s her Saga mobile phone.
Interestingly, the price of BONK went up so much that the value of the phone became worth just the token, which resulted in Saga phones being sold out.
MGLS is the next meme coin to enter
MGLS It’s up more than 20% since its inception. If that doesn’t seem impressive, that’s because the coin is on pre-sale. So it’s like joining Bonk or Cock Dog before they have a big rally.
So, how much money can you make from MGLS? To understand this, you need to know that Meme Moguls is more than just a meme coin. This is the token that powers the entire Meme Moguls ecosystem. It consists of various play and earn game modes and a trading community focused on fun meme coins. This means people can come together, learn and earn together while sharing alpha and trading strategies.
MGLS is expected to perform 800% from here. And as of now, Meme Moguls is in the second stage of pre-sale with more stages remaining, so the only way to get tokens is up.
And once the platform goes live, the token could rise even further, leading to the discovery of the next big coins like Bonk and Coq Inu.
No matter what happens to Bitcoin, it is unlikely that it will reach 800% anytime soon as BTC’s market cap is already very high. That’s just one of the reasons meme coins are the future for traders looking for high returns.
Learn more about $MGLS here:
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