As market dynamics influence the price movements of tokens in the crypto industry, investors are always on the lookout for tokens with a high potential of returning profits in the short and long run. In view of this, crypto experts are advising investors to keep tabs on tokens like Bonk (BONK), Meme Moguls (MGLS), and Mirror Protocol (MIR). Experts analyze each of these tokens to uncover which one is more likely to become a top crypto investment alternative in Q1 of 2024.
Bonk (BONK) Significant Price Turn Since Launch Entices Investors
While Bonk’s (BONK) short-term price trajectory has been on a decline, investors are bullish on the coin, which has a bullish precedent. For context, the Bonk price has gained over 9,500% since it was airdropped into multiple Solana wallets in December 2022, according to data from CoinMarketCap.
The Solana-based memecoin has seen an equally impressive 974% year-to-date price growth. As such, a significant number of investors and analysts are not too bothered about the short-term price trajectory of Bonk as they know that it still has the potential for more rally. Crypto experts are projecting Bonk to return more than 50% ROI in Q1 of 2024.
Mirror Protocol (MIR) Sees a Decline in Market Cap as Token Continues Bear Sentiment
Mirror Protocol (MIR) has undergone an extended bearish trend in the crypto market. For context, Mirror Protocol has lost about 88% in a year-to-date price chart. The token, which reached a price point of $0.19 sometime in February 2023, has come crashing down since then.
As a result, the Mirror Protocol market cap has declined to just over $1.4 million, according to data from CoinMarketCap. Investors of Mirror Protocol are on the lookout for a better investment alternative amid the bearishness of the token. But with speculations of a bull run coming soon, the Mirror Protocol price chart could witness a positive turnaround in the coming weeks.
Investors Switch to Meme Moguls (MGLS) as Token’s Momentum Soars
Investors seeking diversity in their portfolios have discovered Meme Moguls as the token that harbors the potential for massive gains. Amid the bear market by tokens like Mirror Protocol, the $MGLS token represents a top crypto investment alternative due to its strong utility in the crypto market as well as its soaring reputation.
Experts have tipped the MGLS token to see a value increase of up to 780% before the end of 2024. Meanwhile, the token has already generated over 90% in profits for early investors. While currently at the 5th stage of its presale, MGLS is showing sky-high potential to replicate the positive year-to-date price gains of Solana-based meme coins like Bonk. As such, investors who buy the $MGLS token will be positioning themselves for massive ROI in the future.
The $MGLS token, which is sold for $0.0036, is a governance token of the Meme Moguls platform. This Meme Moguls platform is an innovative P2E project where members are ushered into the world of fantasy meme market trading.
On the Meme Moguls platform, members can do many entertaining activities like earning unique NFTs and special privileges as rewards and competing against other fantasy traders. Other features of the token platform include sharing meme trading insights and strategies with fellow community members and more.
Notably, members can stake the MGLS in a liquidity pool to earn passive income and exclusive privileges. Overall, the MGLS token has strong utility and high growth potential. This makes MGLS a top meme coin one can buy to boost their investment portfolio.