Floki and Chainlink struggling, Meme Moguls presale approaches $2m

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Chainlink (LINK) is volatile, recently falling to $15. In Hong Kong, the Securities and Futures Commission (SFC) has raised concerns about Floki (FLOKI) issuance. Due to the instability of some popular tokens, investors are looking for alternatives, including Meme Moguls (MGLS). 

Meme Moguls, a play-to-earn (P2E) on Ethereum, is conducting its presale. In stage five, it has raised more than $2 million. 

SFC concerned about Floki’s issuance

The Hong Kong financial regulator, SFC, has raised concerns about Floki Inu and TokenFi staking initiatives. 

The SFC has warned that these tokens are risky, potentially fraudulent, and unauthorized in Hong Kong. 

This concern highlights the dangers of unregulated schemes, with investors risking financial losses. 

FLOKI is under pressure, currently ranging between $0.000027 and $0.000030.

Chainlink price preview

LINK has been edging lower, recently dropping to $15. 

Even so, supporters expect a strong recovery in the months ahead. 

So far, investors are moving LINK from Binance, which is a net positive for price. 

Meme Moguls raises over $1.9 million in presale

Meme Moguls aims to make investing and trading more fun and accessible. 

One of its unique features is a game called Beat the Market, where players try to do better than the S&P 500. 

They can also buy and trade NFT characters and create personalized avatars. 

In the current presale stage, MGLS is trading for $0.0036. So far, there are more than 4,000 holders. Moreover, the project offers a $10,000 MGLS giveaway for users who complete a few tasks. 

Analysts expect more gains in the future.

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