Popular Analyst Projects Massive Rally for ETH – Can Meme Moguls (MGLS) Replicate or Surpass Its Success?
The price of Ethereum (ETH) has risen significantly as the cryptocurrency market is filled with hope following the recent approval of a spot cryptocurrency ETF. The cryptocurrency maintained its upward trend and showed bullish dominance, capturing the attention of cryptocurrency analysts. Alongside this, Meme Moguls (MGLS) has also experienced high levels of momentum through its ongoing cryptocurrency ICO, and today we will take a closer look at both projects.
Meme Moguls (MGLS) Sees Massive Stage 6 Pre-Sale Momentum. Is it 100 times possible?
Meme Moguls (MGLS) is a platform that plans to provide a simulated trading experience to anyone around the world. Players can take advantage of all the Play-to-Earn (P2E) elements to enhance their trading strategies while converting their time into profitable returns.
- Each player starts with a virtual currency balance of $100,000, which they can use to create a portfolio and complete challenges.
- All simulated profits can then be converted into cash profits.
- The platform also has a dedicated metaverse called Moguls World where anyone can mine, connect, and participate in liquidity pools.
Native MGLS encryption can be used for governance on top of the platform. Along with this, users can also earn a fixed passive income by staking it to the Meme Moguls pool. The amount earned is based on the pool’s annual revenue and the amount staked.
The project has so far reached stage 4 of its blockchain ICO. MGLS is available for $0.0027. However, pre-sales are selling out quickly, and with such momentum, analysts are predicting an 80-fold increase following launch and listing on Tier-1 exchanges.
Ethereum (ETH) will reach $3,500, according to analyst Michaël Van De Poppe.
Ethereum (ETH) broke the $2,500 price barrier and remains above it. The total price growth of this DeFi project over the past year was 65.5%, which indicates a bullish performance on the charts. The latest chart data for the Ethereum price shows how the price rose from a low of $2,239.44 to $2,698.43. The cryptocurrency is now above its 50-day EMA, indicating the end of its price correction period and optimistic future outlook.
Popular Cryptocurrency Analyst Michael van de Poppe I recently posted an analysis on X (Twitter). In the report, the analyst argues that a breakout towards a new cycle high of $2,700 could lead to further continuation of growth. As a result, it was predicted that the price of Ethereum could reach $3,500 in 2-3 months. Based on performance on the charts, ETH price continues to be extremely bullish regardless of current market conditions. The price is moving towards the resistance mentioned above, which could soon pave the way for another big breakout.
summary
While Ethereum is showing bullish performance on the charts, analysts are now more optimistic than ever about its future. This sent ripples through the entire Web3 space, where Meme Moguls DeFi projects and presales gained momentum. It could soon see a big uptick and become attractive to traders around the world.
Learn more about $MGLS here.
Visit Meme Moguls | JOIN THE COMMUNITY