The dynamic nature of the crypto market is often shown in the volatility. As such, token prices fluctuate over time. The bear pressure has caught up with Aave (AAVE ), with the token price dipping in the past few weeks. Meanwhile, Pendle (PENDLE) has shown a major upswing in price performance in the past month. In another development, one of the new DeFi tokens, Meme Moguls (MGLS) has drawn the attention of whales with many investors buying the ongoing presale.
Meme Moguls (MGLS) Close to the End of Presale, Raises Over $2 Million So Far
While Pendle and Aave have contrasting fortunes, Meme Moguls (MGLS) is getting closer to the end of the presale. The platform has announced February 28 as the date of the closure of the presale. Investors can use the remaining days before the end of the presale to buy the token and get a massive 30% deposit bonus. Early buyers who invested in the token got a 90% return on investment with crypto analysts projecting a 100x rally before the end of 2024.
Meme Moguls is one of the new DeFi tokens that are backed by a real utility. With the likes of Dogecoin and Shiba Inu purely based on hype, Meme Moguls has an actual utility that can aid its long-term success. The real utility is in the trading education of prospective traders so they become Moguls (expert traders) and follow the footsteps of renowned investors like Elon Musk and Warren Buffett.
Exciting new features have been added to make these last days amazing. There are new sets of fun games, and the actual game testing is coming up on March 11. Also the Meme Moguls platform will give out $10,000 worth of MGLS tokens to users who complete epic challenges and quests in Zealy. The stage 5 giveaway is still ongoing and you can join and benefit from it. At the current stage of the presale, the MGLS, an ERC20 token is sold for $0.0036 with the price set to increase to $0.0042 at stage 6.
Meme Moguls has a smart token strategy to channel the MGLS tokens that are not sold out into in-game rewards. There will also be a grand token burn event to spike the MGLS value. With these exciting features, analysts predict that MGLS may give a 100x ROI at launch. So far, close to 4,000 users have joined the presale with the number set to increase before the end of presale.
Aave (AAVE) Sinks to a New Low, Needs Buyers Inflow
The latest Aave (AAVE) bearish trajectory has been attributed to the dominance of the sellers over the buyers. After a flying start to the Q4 of 2023, Aave coin dipped during the latter stages up to the new year, slipping by 8.79% in the last 30 days and 33.07% in the past three months.
Analysts observe that Aave is trying to climb the 50 and 100 EMAs which can help stabilize the price. A successful breakout of these EMAs could result in positive Aave price actions of up to $100. Otherwise, Aave may dip below the $80 level.
Pendle (PENDLE) Jumps by 139% in One Month to Spark Market Attention
Pendle (PENDLE) has been a consistent performer in the market since reaching $3.83 in 2021. Although the effect of the bear market may have been felt on Pendle. It appears the bulls are regrouping as evident from the 139% increase in the last month.
The Pendle price jumped from $1.182 to $3.270 within 30 days, as investors began to accumulate the token again. With the next resistance level of Pendle situated at $3.5, a breakout of this level could spike massive price actions going forward.