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Ethereum (ETH) is targeting the $2,500 price range after a successful breach above the $2,300 zone during the past week. While its price is still attempting to recover some ground that was lost from its all-time high, if it keeps this momentum, it can reach new heights throughout 2024.
Cardano (ADA) is projected to reach $0.70 after successfully breaching the $0.60 price barrier and remaining above that point for a prolonged period of time. Yet, Meme Moguls (MGLS) is leading the meme coin sector and could soon see a major upswing following its launch.
Summary
Cardano (ADA) breaks above $0.60 – can reach $0.70 by the end of 2023
Cardano (ADA) is bullish on the charts, and the technical analysis from the daily time frame supports the ongoing upward movement due to the wave count of the RSI.
Technical analysts utilize the Elliott Wave theory to ascertain the trend’s directory, as it studies the recurring long-term price patterns and the investor psychology, and in the case of Cardano, it’s currently bullish.
The daily RSI supports the overall increase since the ADA price broke outside of its bearish divergence trend line and is moving upwards. A prominent crypto analyst who goes by the name LuckSide Crypto shared an optimistic outlook for the crypto on his YouTube channel.
During the past week, the Cardano crypt moved up from $0.43 to $0.67, getting rejected at a higher range. Yet, the total price upswing was by 48.2% during the week and 79.1% during the past month. According to the Cardano price prediction, it can reach $0.70 by the end of 2024.
Ethereum (ETH) breaks above $2,300 – is $2,500 possible?
Ethereum (ETH) recently saw a major upswing in its value as excitement around the BlackRock potential ETF approval increases. Its proposal for a spot Ethereum exchange-traded fund (ETF) will result in a product that offers institutional investors a new way to buy into the leading cryptocurrency.
As a result, Ethereum saw an upswing from $2,161.29 to $2,384.93 during the past week. In total, ETH increased by 73% in the past year, and according to the Ethereum price prediction, it can spike to $2,500 by the end of 2023.
Meme Moguls (MGLS)
Meme Moguls (MGLS) is an upcoming Play-to-Earn (P2E) platform that will help any trader learn how to invest. It will feature simulated investing, and a dedicated cryptocurrency that can supply fixed passive income to any holders who stake their balance.. This way, anyone can compete with their friends and climb leaderboards whilst engaging in virtual stock market trading games while also learning investing strategies.
They all start with $100,000 in virtual cash and, afterward, can build a portfolio of meme-inspired assets. They can get rewards and improve their skills, and even access the Moguls World, a Metaverse that enables users access to liquidity pools where they can stake their MGLS tokens.
To get even more tokens as a reward, players can contribute the existing balance they have to the Meme Moguls staking pool. All of these aspects make Meme Moguls one of the best altcoins to invest in.
Another aspect that’s appealing to trades in the Meme Moguls ecosystem is its timed events and giveaways. For example, there will be a $20,000 giveaway during the Christmas Special Event. Each participant can then just enter Zelay, make daily submissions, and keep track of their submissions by checking regular updates. Each participant also needs to complete specific criteria for quality, such as making original Tweets, retweets, and comments and using the #MemeMogulsGiveaway hashtag in their tweets.
Summary
While Cardano and Ethereum are attempting to reach new heights, Meme Moguls is becoming a leader in the meme coin sector. During the crypto ICO phase, MGLS has reached Stage 2 and is now offered at $0.0023, with price increases occurring at each upcoming stage. Analysts predict 100x in returns during the first year for MGLS holders, making it the best new crypto to invest in.
*This article was paid. Cryptonomist did not write the article or test the platform.
