Ethereum (ETH) expected to rise above $4,000 – Will Meme Moguls (MGLS) continue its rise?
The price of the Ethereum (ETH) cryptocurrency, used to power a layer-1 network capable of smart contracts, is rising. This was the result of a favorable macro backdrop and investors starting to look forward to the upcoming major “Dencun” upgrade. This update will introduce new data storage capacities, and as a result, it has a huge appeal.
But Meme Moguls (MGLS) also benefited greatly from its innovative approach. Today we will take a look at both and find out how much they can rise and which cryptocurrencies are best to invest in.
Ethereum (ETH) presents a bullish formation – price will reach $4,056.67 in 2024
Ethereum (ETH) has enjoyed significant gains over the past year, with its total price increasing by 98%. Last week, the value of Ethereum rose from $2,194.20 to $2,430.84.
According to ETH chart data, the price has confirmed an inverted head and shoulders formation, indicating a bullish pattern. Three consecutive lows along with two intermediate highs form this pattern.
The first and third are called shoulder and are located at the same level above the head, the second lower. The pattern is completed when the right shoulder rises above the neckline, suggesting that a further rally in Ethereum is possible.
The relative strength index (RSI) and moving average convergence divergence (MACD) show signs of potential bullishness. According to Ethereum price predictions, it could surge to $4,056.67 by 2024.
Meme Moguls (MGLS) with staking pool feature for passive income
Meme Moguls (MGLS) is a platform that plans to introduce a Play-to-Earn (P2E) element to its ecosystem. We will introduce a unique approach that will enrich each player’s trading knowledge. This allows anyone to monetize the time they spend on the platform. Built on Ethereum, it can provide high security.
Initially, every player starts with $100,000 in virtual currency. To better simulate real trading, you can only use 20% for a single trade. Each of them can then set up a tournament and even compete in simulated investment games.
To earn more MGLS cryptocurrency, each player must contribute to the Meme Moguls staking pool. This way you will be rewarded based on your Pull Share and Annual Return.
Each player can also unlock exclusive rewards, such as special perks and unique NFTs, to enhance their trading experience and showcase their achievements.
Currently during the crypto ICO, the project is in phase 3 where a single token is trading at $0.0025. Once launched, it could soar up to 100 times. Pre-sales have already generated $1 million in revenue, paving the way for further growth. These aspects make it the best cryptocurrency to invest in.
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In addition to Ethereum’s prospects, Meme Moguls are also quickly pushing cryptocurrency ICOs. Its rapidly growing attractiveness and vast ecosystem combined with revenue opportunities could lead it to dominate the market in the coming months.
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