Solana, Meme Moguls, and Bitcoin lead ahead of bull run
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Experts believe that Solana (SOL), Meme Moguls (MGLS), and Bitcoin (BTC) will be leading the next market upswing. While Bitcoin and Solana fell in January, Meme Moguls reached a new all-time high.
Solana’s trading volume drops
Solana’s daily trading volume has decreased by $2.5 billion after a recent correction. Its daily trading volume is now $1.48 billion, making it the 6th most traded cryptocurrency globally.
Although its trading volume has dropped, SOL has been stable in the past week amid a general drawdown in altcoins.
Solana is one of the top-performing altcoins over the last 12 months.
Experts predict that SOL could push towards $150 in Q1 as the ecosystem grows.
Bitcoin price fell in January
In January, 11 spot Bitcoin ETF products were approved and launched.
Even though BTC rose to $49,102, prices are under pressure, falling to $43,115.
According to Julio Monero, head of research at CryptoQuant, the price decrease could be because short-term holders took profits.
Many investors question whether this trend will continue before the upcoming Bitcoin halving in April.
Meme Moguls geared for gains
Meme Moguls is a new play-to-earn (P2E) ecosystem that is gaining popularity.
They will showcase their first game preview soon, displaying new features. Investors can test them after the game launches on March 11.
The game has raised over $2 million.
MGLS prices are expected to rise from $0.0036 to $0.0042 afterward. However, analysts are overly bullish on the token.
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