Sui and Maker fall, traders flock to Meme Moguls presale

Maker (MKR) and Sui (SUI) are stagnant but may rally. Yet, those following the market closely are eyeing a new project, Meme Moguls (MGLS) as it prepares to list on Uniswap.

Meme Moguls to enable simulated trading and P2E opportunities

Meme Moguls is an upcoming project that puts its focus on the community and has gathered a significant level of attention from investors and traders due to its innovative ecosystem features.

The platform will introduce a play-to-earn (P2E) model, where anyone can get the MGLS cryptocurrency by participating in various ecosystem elements. By leveraging its simulated trading system anyone will be able to access trading opportunities.

Each player begins with $100,000 in virtual currency, and they can commit only 20% of the total balance on a single trade as a means of better simulating how all of it works in the real world. 

MGLS is at the core of the project and is used for staking and governance. 

The presale has raised $2.6 million already and is now at Stage 6, where after providing 90% ROI for early investors, it’s up to $0.0042 in value.

The game will launch on March 11.

Sui drops 7.5%

Sui has seen a 32.6% growth during the past month, which initially created a bullish sentiment surrounding its future.

However, during the previous week, the Sui coin experienced a price decline of 7.5%. 

Now, the Sui price needs to recover to grab investor attention which could potentially enable it to reach new heights.

According to the Sui price prediction, it can reach a maximum value of $2.63 by the end of Q4, 2024.

Maker in the red

The Maker price also started strong, as the cryptocurrency experienced a total price increase of 158.2% year-to-date (YTD).

However, since then it has gone into the red zone on the 7-day, 14-day and 30-day charts, which indicates that the Maker price is in a decline.

However, the Maker crypto could regain some ground if it manages to get full attention.

Based on the on-chart metrics, a road to recovery is possible, and based on the Maker price prediction, it can end 2024 at $3,490.

Summary

Sui and Maker did initially have a strong start but are not at a point in time where their value could swing in either direction. As a result, savvy traders are diversifying their portfolios and are making their way to the Meme Moguls presale.