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Analysts’ Price Predictions for BNB (BNB), Cronos (CRO) and Meme Moguls (MGLS) in Q1 2024

21 January 2024
in BNB
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Analysts’ Price Predictions for BNB (BNB), Cronos (CRO) and Meme Moguls (MGLS) in Q1 2024
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Analysts’ Price Predictions for BNB (BNB), Cronos (CRO) and Meme Moguls (MGLS) in Q1 2024

Amid the ever-changing price movements of cryptocurrencies in the crypto market, analysts have obtained and analyzed market data of tokens like BNB (BNB), Cronos (CRO), and Meme Moguls to predict which token will be the best crypto investment alternative in Q1 of 2024. Let’s delve in.

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Massive Presale Turn up by Investors on Meme Moguls (MGLS) Token Raises Over $1.6M

Meme Moguls (MGLS) has raised over $1.6M while in its fourth presale stage following a momentous presale buy by investors. The significant milestone was reached following an increasing rise in the reputation and popularity of the Meme Moguls project. As a result, MGLS is gearing towards replicating the success story of popular meme coins like Dogecoin and Shiba Inu. 

[crypto-donation-box]

Meme Moguls is an innovative P2E platform that allows community members to buy, sell, or trade collectibles gotten from the platform’s game for rewards and profits. Moreso, Meme Moguls provides a unique blend of an entertaining metaverse gaming environment with an improved trading model that’s never seen before on the blockchain. 

Notably, the MGLS native token is attracting increasing interest from investors and experts alike as a result of the token’s high growth potential. As such, analysts project that the token may see a positive price turn of up to 300% before the end of its presale. This makes the token one of the best crypto investment alternatives ahead of tokens like BNB and Cronos. 

MOGULS!! ????
Are you ready to change the landscape? ????‍???? With one of the biggest airdrops of 2024 ???? Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt

— Meme Moguls (@meme_moguls) December 8, 2023

The Meme Moguls utility token MGLS is selling for $0.0027. Crypto analysts project a 100x return in the first year, which could take the token’s price to $0.19, making it one of the top cryptos to buy now and HODL.

The platform has many benefits, such as a farming program that allows users to earn coins for working on the project. In terms of security, the token’s liquidity will be locked for five years and the team token for two years. With the global Meme industry set to grow to $6.1 billion by 2025, Meme Moguls provide investors the gateway to joining the industry and making profits. 

Price of BNB (BNB) Declines Amid Bear Scare

The BNB price chart from CoinMarketCap shows the coin has lost significant bullish momentum. For context, the BNB price declined slightly by 2% within the last week. Meanwhile, BNB gained about 39% in last December’s crypto market bull run, which saw the token become one of the best crypto tokens to buy last month. 

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However, it remains to be seen whether BNB can replicate last month’s bull in January. Analysts reckon that BNB’s falling trading volume represents a bear sentiment that investors have on the token and which may prevent it from rallying any time soon.

Cronos (CRO) Experience Price Struggle 

Cronos (CRO) has been on an extended bearish trend since reaching a 12-month high of $0.10 on January 4th. Since then, Cronos has recorded a 14% loss in its price value, as per data from CoinMarketCap. 

Cronos trading volume is not looking encouraging either after seeing a 25% loss in the day-to-day average. On the current Cronos price trajectory, some analysts expect the token to continue its bearish sentiment for the foreseeable weeks. However, the chances of a resurgence have not been ruled out yet, considering speculations of Bitcoin’s price surging before the end of the year. If BTC rallies, altcoins like Cronos might use the hype and rally too. 

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