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Experts believe Solana (SOL), Meme Moguls (MGLS), and Bitcoin (BTC) will lead the next market rally. While Bitcoin and Solana fell in January, Meme Moguls hit new all-time highs.
Solana trading volume declines
Solana’s daily trading volume has decreased by $2.5 billion since the most recent adjustment. Daily trading volume is currently at $1.48 billion, making it the 6th most traded cryptocurrency globally.
Although trading volume has declined, SOL has held steady over the past week amid a general decline in altcoins.
Solana is one of the best performing altcoins over the past 12 months.
Experts predict that SOL could head toward $150 in the first quarter as the ecosystem grows.
Bitcoin price fell in January.
In January, 11 spot Bitcoin ETF products were approved and launched.
Although BTC rose to $49,102, the price is under pressure, falling to $43,115.
According to Julio Monero, head of research at CryptoQuant, the price decline may be due to short-term holders taking profits.
Many investors question whether this trend will continue before the upcoming Bitcoin halving in April.
Meme tycoon looking for profit
Meme Moguls is a new Play-to-Earn (P2E) ecosystem that is gaining popularity.
We’ll be releasing our first game preview soon, showcasing new features. Investors will be able to test the game after its launch on March 11.
The game raised more than $2 million.
Afterwards, the MGLS price is expected to rise from $0.0036 to $0.0042. However, analysts are overly optimistic about the token.
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