Monero (XMR) has experienced a major price decline during the past month which resulted in 20% losses for investors. As a result, those who want to diversify their holdings and recoup their losses have begun to diversify. Some of the key altcoins that have been in high demand due to their high growth potential include Sei (SEI) and Meme Moguls (MGLS). Today, we will explore the price performance of both to see just how far their value can rise in the upcoming months.
Monero (XMR) is displaying bearishness on the charts, and its recent price dip could spell bad news for those looking to amplify their profits with this crypto. Specifically, the Monero crypto has experienced a 20% drop in value during the past 30 days.
Yet, the Monero price chart also reveals a potentially bullish reversal, as, within the seven-day range, the crypto moved from $111 to $125.21. Based on the Monero price prediction, it can end 2024 at $200 if the bulls manage to regain control of the market. If not, it could retrace to under $100 as well, which is a risk.
Sei (SEI) on the other hand has experienced a price upswing throughout the same time frame, leading to many diversifying with this crypto. Throughout the past month, the Sei price has seen an upwards momentum which resulted in a 25.7% increase.
Moreover, the weekly performance has also been bullish, as the Sei crypto moved up from $0.81 to $1.02. As a result, the sentiment is currently positive, and this is further fueled by the high RSI and MACD charts. According to the Sei price prediction, it can end 2024 at $1.54.
Meme Moguls (MGLS) is an upcoming project that can completely change the meme-inspired sector of Web3 as it will feature a vast ecosystem with various opportunities for enthusiasts. On it, anyone will be able to access a Metaverse known as Moguls World, and even a Moguls Casino. The platform will be fueled by the MGLS meme coin, which will be used for staking and governance.
Anyone will also be able to stake their MGLS balance to one of the pools to unlock passive income opportunities, and the token follows the ERC20 standard which will make it compatible with most platforms today. The crypto has seen a 90% price increase since the start of the presale, and now at Stage 5 trades at $0.0036, and has raised over $2.5 million. At launch, analysts are projecting a 100x upswing.
As Monero is showcasing a downward trend, many have begun to diversify their holdings. As a result, interest in Sei has spiked, but not as much as interest in the Meme Moguls presale. Due to its vast ecosystem and unique approach, it can dominate the meme coin space during 2024 and beyond. It can also see a significant surge of attention as its presale will end on February 28, and the game will be released on March 11.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.