Ethereum (ETH) bulls are dealing with the FOMO amid a power rally powered by the latest developments in spot exchange-traded funds (ETFs). This smart contract coin extended above $2,000 for the first time since July., even though it’s currently trading slightly below it.
On the other hand, Investors in Bitcoin (BTC) are bullish, and the hype of the approval of a potential Bitcoin ETF is also leading towards an impressive rally, leading the crypto above $37,000. However, Meme Moguls (MGLS) is set to outshine both of these cryptos.
Ethereum (ETH) Forecast: Increase in Q1, 2024?
Ethereum (ETH) is seeing significant attention, especially after Bloomberg’s ETF analyst, Eric Balchunas, noted how BlackRock has made the first step towards filing for a spot in Ether ETF.
Investors and traders instantly found Ethereum far more appealing after this announcement and began accumulating the crypto. As a result, its value increased from $1,831.41 to $2,128.61, and the total upswing in the past 30 days was by 32.4%. The market has since corrected, but analysts remain mostly bullish.
A continued uptrend will suggest that traders are willing to bet on its price movement moving north instead of moving back.
Bitcoin (BTC) to Continue its Bull Rally
The anticipation surrounding the greenlighting of a Bitcoin (BTC) spot exchange-traded funds (ETFs) has led many to begin accumulating the crypto. This led to an impressive rally, which led to the crypto reaching a maximum value of $37,883.29 during the week. Despite the ongoing correction in the past days, most remain positive.
If the SEC makes an actual approval, Bitcoin could reach new heights. During the past month, the total price upswing for BTC was by 38.3%, while in the past year, it was up 112.6%. A break above the $38,000 price barrier could lead to a significant upswing.
Meme Moguls (MGLS) To Outgrow BTC and ETH?
Aside from Ethereum and Bitcoin, another crypto that can experience a significant surge in value is Meme Moguls.
This is an upcoming Play-to-Earn (P2E) platform that will immerse players in the world of fantasy meme market trading. Through it, anyone can get access to the opportunity to trade memes in a stock-market-style trading platform, and they can even buy, sell, or trade them while earning in the process.
As a result, Meme Moguls can revolutionize the meme industry while providing a unique entertainment experience.
There’s even a dedicated Stake and Earn program, where players can contribute their existing MGLS tokens to the staking pool and, by doing so, can get rewards. The amount gained is dependent on their share in the pool and the percentage of the annual return.
The more tokens they stake, the higher the earnings they get. During the Beta presale stage, the crypto trades at $0.0019.
Visit Meme Moguls Token Presale
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.