Experts predict significant price changes for Cardano (ADA), Ethereum Classic (ETC), and Meme Moguls (MGLS).
Cryptocurrency experts familiar with the coin’s cryptocurrency market trajectory have made public predictions about the selected tokens. These cryptocurrency experts stated that Cardano (ADA), which is currently in a bearish trend, could turn into a bull market before the end of the first quarter of 2024. Likewise, the downtrend of Ethereum Classic (ETC) has surpassed the retracement point and is entering a bear market. Meanwhile, Meme Moguls (MGLS) could be one of the best cryptocurrencies to invest in in 2024, following the impending exponential price rise that is attracting whales.
Meme Moguls’ (MGLS) new pre-sale phase meets growing momentum.
As Meme Moguls (MGLS) begins its Phase 5 pre-sale, more investors are starting to accept the project as a serious investment alternative. Entering its current phase, Meme Moguls has raised over $1..8 million so far. Experts predict that the current phase will sell out in record time due to increasing momentum and buying by whale investors, making the token one of the best cryptocurrencies on the market right now.
The Meme Moguls platform is a unique Play-to-Earn (P2E) platform on the blockchain that provides members with a real-life simulation of Meme market trading. The Meme Moguls platform allows members to trade meme assets, stocks and cryptocurrencies in an immersive and fun gaming environment.
In particular, the platform’s MGLS native token continues to attract investor attention. This is because, unlike other meme coins that have no utility at all, MGLS has strong utility on the Meme Moguls platform. For context, MGLS is a governance token used to reward gamers who perform well on the platform. MGLS can also be staked on the platform for profit, among other things.
MGLS tokens are sold for $0.0036. With an expected 100x ROI in the first year, MGLS tokens have been ranked as one of the best cryptocurrencies to invest in in 2024. Regarding security, the smart contracts have been audited by SolidProof. Token liquidity pools are locked for 8 years and team tokens are locked for 2 years.
Cardano (ADA) continues to decline in price
Cardano (ADA) has continued its downward trend since the beginning of this year. As seen in CoinMarketCap’s price chart, Cardano has lost more than 25% of its value since hitting a yearly high of $0.066 on December 14th.
Meanwhile, Cardano trading volume has been increasing by an average of 30% daily over the past week. However, experts believe that the increase in the token’s trading volume may not trigger a significant upward trend for Cardano. Nonetheless, few investors see Cardano price drops as a dip-buying opportunity, making it one of the best cryptocurrencies to buy and hold for long-term profits.
Ethereum Classic (ETC) struggles to maintain its bullish trend
Since the second week of January, the price value of Ethereum Classic (ETC) has been declining. The Ethereum Classic price, which reached a high of $31 on January 11, has seen a change in trajectory. Since then, Ethereum Classic’s price value has fallen more than 20%, according to data from CoinMarketCap.
Many experts believe that Ethereum Classic’s decline has not yet fallen below resistance levels, but with its current trajectory, that is likely to happen. On the positive side, Ethereum Classic trading volume has been increasing over the past week. However, it is still unclear whether increased trading volume can trigger a rebound.
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