Meme Moguls may become major player in billion-dollar market as analyst warns of DOGE correction
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
DOGE faces a dip, but analyst Ali Martinez predicts potential growth, while Meme Moguls (MGLS) gains traction in its ICO phase.
Dogecoin (DOGE) recently experienced a price correction phase. It decreased in value by 9% during the previous seven days. Yet, major crypto analyst Ali Martinez remains bullish on its future, noting that the crypto still has growth potential, assuming it maintains favorable performance in the upcoming sessions.
In the meantime, traders have begun diversifying their holdings with a newer altcoin, Meme Moguls (MGLS), which is already making significant gains during its cryptocurrency ICO phase. Today, we will explore the price performance of both cryptocurrencies to see how far they can spike.
Dogecoin (DOGE) warns about potential dip
Dogecoin (DOGE) experienced a dip in its value. Crypto analyst Ali Martinez posted on X (Twitter), going over how the cryptocurrency can perform in the future.
According to the TD Sequential, the crypto has formed a sell signal. This Tom Demark (TD) sequential refers to an indicator in technical analysis used to find points of profitable tops and bottoms within any asset’s price.
Two phases are involved in this metric, where the candles of the same polarity are counted up to nine. In the end, a reversal point occurs. Then, the countdown occurs as soon as the setup is complete.
According to the Dogecoin price prediction by Ali, a correction will lead to a decrease to $0.085 or even $0.078. On the flip side, if it does exceed the growth pattern, it can surge to $0.11. Dogecoin went up 17.7% during the past 30 days, according to the charts. This upcoming increase in its value, based on Ali’s Dogecoin price prediction, could push investor confidence levels further.
Meme Moguls (MGLS) to dominate meme industry projected to reach $6.1b
Meme Moguls (MGLS) will be a community-backed exchange where users can access a play-to-earn (P2E) ecosystem in which they can monetize their experiences.
There is an opportunity to learn about investing and building wealth with the simulated investing approach implemented by the platform. Every player starts with $100,000 in virtual cash to create a portfolio, and then, they can complete challenges to turn their simulated profits into real cashable returns.
Community members and their friends can set up tournaments and create prize pools and buy-ins. There is a game mode called Beat the Market, where players try to outperform an index such as the S&P 500. To win, a player needs to have greater total returns than the total of SPY500 over the game’s duration at the end of the last trading days.
Anyone can also buy and sell rare NFT characters that enhance their trading capability and improve their conditions. According to Statista, the global meme industry was valued at $2.3 billion in 2020 and can surge to $6.1 billion by 2025.
Meme Moguls prediction
While Dogecoin struggles to maintain its current price momentum and is dipping further into the red zone, many traders interested in meme coins focus on Meme Moguls.
MGLS is the native crypto, where players can contribute their existing tokens to the Meme Moguls staking pool. During Stage 2 of the presale, the token trades at $0.0023 but can surge following the launch and listing on tier-1 exchanges, making it one of the most interesting meme coins to buy.
For more information about the Meme Moguls (MGLS) presale:
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
