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Dogwifhat (WIF) and Pepe (PEPE) Loses Investors With Imminent Price Decline; Investors Look To Hedge With Meme Moguls (MGLS)

Author

John Asher

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Reading time

3 mins
Last update

Author

John Asher

Tags

Reading time

3 mins
Last update

Author

John Asher

Tags

Reading time

3 mins
Last update

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Given the inherently volatile nature of the cryptocurrency market, uncertainties in price trends are a constant inconvenience to deal with. As such, it is crucial to closely monitor the price movements and trends of a crypto portfolio, particularly top crypto coins like Ethereum (ETH). While uncertainties persist, Meme Moguls’ pioneer project showcases the potential for significant shifts in the crypto landscape. 

Dogwifhaft (WIF) Down 17% In One Week: Will It Make a Recovery?

Dogwifhat (WIF)’s token faced a significant setback with a 17% drop from $0.3224 to $0.2672, coinciding with a turbulent market and forming a descending triangle pattern—a technical signal hinting at potential bearish trends. The cryptocurrency’s dip to $0.2672 triggered discussions among investors, prompting speculation about the factors contributing to this abrupt downturn.

Despite recent days seeing WIF price hovering above $0.25 levels, uncertainty lingers about its future trajectory. Investors closely analyze the situation, employing technical tools and gauging market sentiment to interpret potential shifts in the token’s value. 

Based on findings, the crypto market’s inherent volatility suggests that the price of WIF token may experience additional declines. However, when compared to the price trends of previous weeks, it is unlikely that the token will drop below the $23 level before a potential reversal occurs. 

Nonetheless, it is essential for investors to exercise caution, as market uncertainties can significantly impact the market dynamics of Dogwifhat.

PepeCoin (PEPE) Loses Investors Trust Drops 8.36%

Pepe Coin (PEPE), one of the hyped meme cryptocurrencies, witnessed a see-saw trading session this week and didn’t register a major change. Particularly, PEPE Coin price dropped by 8.36%, bringing its weekly trading price range between $0.000001035 to  $0.0000009487. 

Meanwhile, PEPE price decline is linked to trust issues stemming from an exploit in Q3 2023, where founders withdrew tokens from their multi-signature wallet. Despite efforts by the remaining team to address the situation, ongoing community concerns persist, fueled by recent “unusual transactions” from the deployer contract. 

Influencer Pauly, however, criticized the PEPE team, alleging criminal misconduct and triggering a community vote to remove the team and burn remaining tokens. This incident has further tarnished PEPE’s reputation, leading to a continuous decrease in its value since peaking in early December.

Meme Moguls Raises Over $2M

The surge in memecoin adoption sparks optimism among holders as the crypto market navigates a bullish phase. While Dogwifhat (WIF) and Pepe (PEPE) are facing market volatility and significant decline, Meme Moguls (MGLS) stands out by offering a utility-based token with significant rewards for investors. 

As anticipation builds for the bull market, analysts identify Meme Moguls as one of the best crypto DeFi tokens, presenting an opportune moment for investment. In preparation for an impending memecoin season, analysts foresee Meme Moguls leading the pack, surpassing the achievements of seasoned memecoins from 2021. 

Meme Moguls garners investor attention through a generous giveaway of $10,000 worth of MGLS tokens for users completing specific tasks during each presale stage on Zealy. Early investors have already enjoyed over 90% ROI, with projections indicating further growth. 

Now is an opportune moment to invest and position yourself for potential profits. Analysts in the crypto space anticipate a remarkable 100x return for token holders by the year’s end, possibly propelling the MGLS token price to $0.36 from its current $0.0036 price. So join the best crypto community before its closing date on Wednesday, 28th February. 

For more information about the Meme Moguls (MGLS) Presale: 

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