Ordi (ORDI) and Dogecoin (DOGE) ranking as top crypto memecoins is under threat as the tokens continue their fall to bear pressure. Meanwhile, the Meme Moguls (MGLS) presale is coming to an end as the platform announced that the presale will end on February 28. Let’s explore what would happen to the surplus MGLS tokens when the presale ends and why investors are rushing to purchase the MGLS tokens now.
Meme Moguls (MGLS) Announced Plan to Burn Surplus MGLS Tokens as Platform Choose 28 of February to Close Presale
While Dogecoin and Ordi are being hit hard by the bear market, the last-minute scramble for Meme Moguls’ tokens has begun after the platform announced February 28 as the presale end date. Meme Moguls’ surging popularity in the market has made the token gain traction as one of the top cryptos to invest in this year, with the project on the verge of raising $2 million in the presale.
Meme Moguls, an Ethereum-based DeFi platform offers investors an educative path to crypto trading. Investors will learn the trick of wealthy traders and use the experience to multiply their investments. The final month of the presale will be exciting as the platform has announced a lot of game features. The platform preview of the available games will be presented in the next seven days with the game testing coming up on the 11th of March.
The platform ERC20 token MGLS is currently at the 5th stage of presale and sold for $0.0036. As the platform nears stage 6, the token will be sold at $0.0042. An exciting deposit bonus of 30% is available for new entrants. Early investors who joined the first stage of presale got a 90% profit from their investment.
At the end of the presale, the unpurchased tokens will be redistributed to investors in the form of giveaways. However, Meme Moguls will burn the surplus token before listing it at exchanges. As one of the top cryptos to invest in now, analysts predict MGLS will reward investors with a 100x return after launch.
Dogecoin (DOGE) Battles to Stay Afloat of the Bear Market
Holders of Dogecoin (DOGE) were delighted when Dogecoin price traded above $0.1 in December. However, a rejection at the bullish trendline in January resulted in Dogecoin falling below the $0.1 level. A look at the Dogecoin Relative Strength Index (RSI) reveals a bearish pattern which indicates that more investors are seeking the token.
With the RSI at below 50, there are fears that Dogecoin could deplete further than its current price. However, a strong retest of the $0.08 zone could kick start a bullish momentum for Dogecoin paving the way for a retest of the $0.1 threshold.
Ordi (ORDI) Drops by 33% in One Month as the Effect of Bitcoin ETF Affect the Crypto Market
The downtrend that accompanied the approval of Bitcoin ETF has impacted the crypto market. For Bitcoin-based memecoin like Ordi (ORDI), the impact has been severe as the Ordi price dipped by 33% in one month.
This development has also impacted the Ordi market cap as the token suffers reduced interest from investors. Although the token has regained some lost ground in the last week, a strong bullish presence is needed if the Ordi price would attain analysts’ prediction of $100 by the end of the year.
