In the current DeFi market, Ripple (XRP) and Bitcoin (BTC) have been making significant moves. But greedy eyes began to look at emerging meme coins. Most specifically, Meme Moguls (MGLS). Some analysts have even hinted that this Stage 5 presale star may evolve into the next 100x crypto in 2024. Let’s find out why.
Analyst Ali Martinez Makes a Bullish Ripple Price Prediction
Crypto analyst Ali Martinez recently made a new Ripple (XRP) forecast. According to his recent tweet, the Ripple TD Sequential indicator signals a buy signal. As a result, this crypto may see an upswing that will last one to four weeks.
Over the last week, the Ripple price has fluctuated between $0.5093 and $0.5003. Its market cap has moved between $27.72B and $27.23B in that time. Its Fear & Greed index rating also shows a 62 (Greed). Therefore, market analysts predict that this altcoin will reach a value of $0.529 in March 2024.
Michaël Van De Poppe: The Bitcoin Price Will Reach $50K
Meanwhile, another prominent analyst, Michaël Van De Poppe, also made headlines. In his new tweet, Poppe predicts that Bitcoin (BTC) will hit $50,000 before its halving event. In terms of the Bitcoin crypto value movement, it has moved between $42,980 and $42,917. During that period, its market cap also went from $842.30B to $841.91B.
Sentiment for this crypto giant is bullish as it trades above its 100 and 200-day EMAs. Additionally, 20 technical indicators are green for the Bitcoin crypto. Thus, experts in the crypto field have made a bullish Bitcoin price prediction. They forecast a potential surge to $44,000 in March 2024.
Meme Moguls (MGLS): Outstanding Crypto ICO Event Performance
As Meme Moguls (MGLS) entered Stage 5 of its presale, the token’s popularity is sky-high. During this time, a 30% deposit bonus is in effect. With a $0.0036 per token price tag, the meme coin is up 90% from its initial price. This has helped Meme Moguls raise close to $2.5M in funds.
Separating itself from most meme coins, MGLS is really useful as a governance token and in-game currency for the upcoming play-to-earn (P2E) game Meme Moguls. This game will allow users to learn about wealth-building and investment by playing virtual stock trading games.
It also features a “Beat the Market” mode, where users can compete against an index like the S&P 500. According to this DeFi project’s white paper, this will be a fun learning experience.
Statista said the meme industry was valued at $2.3B in 2020. Meme Moguls is strategically positioning itself to dominate this sector. Therefore, market analysts foresee this rookie seeing the same success as Shiba Inu or Dogecoin. They predict a potential 1,000% surge once this meme coin hits exchanges in Q1 of 2024.
Will Meme Moguls See Faster Growth Compared to Ripple and Bitcoin?
With a low market cap of $10.8M, Meme Moguls provides an excellent opportunity for fast growth. MGLS will not need vast amounts of new money to make its price skyrocket. This is an advantage compared to larger market-cap assets like Ripple and Bitcoin. As a result, Meme Moguls has the potential for faster and more aggressive market movement.
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