Just two days into 2024, applications for a Bitcoin Spot ETF have made progress. This news has taken Bitcoin to $45,600 for the first time since April 2022, triggering rallies for Ethereum and Meme Moguls. Here’s how the three projects compare.
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Bitcoin Chases $46,000
Bitcoin recently hit its highest price since April 2022, before declining to $45,208. This milestone triggered a 150% increase in Bitcoin’s daily trading volume, which was $37.82 billion at the time of writing. Now, bullish experts predict that Bitcoin could hit $50,000 by the end of January. A report published on January 2 by Matrixport explains why.
The report outlines a change in sentiment among institutional investors. While historically such investors were bearish towards Bitcoin, they can no longer question the legitimacy of the project. As a result, they risk missing out on potential gains when Bitcoin rallies.
The catalyst for this rally will be the approval of a Bitcoin spot ETF, which is expected to occur in late January. However, Matrixport highlights that this could occur as early as January 8, after which the report states that Bitcoin could surge to $50,000. Such an increase would trigger a market-wide rally, and push Ethereum above its current resistance level of $2,400.
Ethereum Remains Stuck Below $2,400 Resistance Level
Although currently stuck below $2,400, experts predict that Ethereum will surge before the end of the month. Due to growing institutional interest, analysts suggest that Ethereum’s value could increase to $3,830, though bullish predictions suggest that Ethereum could pass $5,100.
Much like Bitcoin, Ethereum’s value is expected to be driven up by the release of an Ethereum ETF. Applications for an Ethereum ETF have been made by BlackRock and Fidelity and could take Ethereum to a two-year high according to experts.
Throughout 2023 Ethereum recorded a 93% increase in value, outperforming Bitcoin and most of the DeFi market. Now, with its ecosystem set for exponential growth experts are eagerly awaiting another Ethereum bull run.
Meme Moguls Surges Amid Bull Market Gains
As Bitcoin and Ethereum prepare to surge, experts predict that their growth will offer a huge boost for the Meme Moguls ecosystem. This new altcoin combines memes with the stock market to create the ultimate gaming experience.
Instead of buying stocks, investors will be able to purchase memes. In doing so they can begin to build a meme portfolio, with top investors being ranked in the game’s leaderboard. Ranked investors will earn a share of a monthly prize pool, amid other lucrative benefits.
Meme Moguls is a fun twist to traditional investing and is already a big hit having raised over $1.3 million during its presale. Experts predict that the project could offer 100x returns in its first year alone, which has put Meme Moguls on the watchlist of several high-profile investors.
In addition to its meme market, investors will be able to compete in investment tournaments, win lucrative rewards and engage in a thriving community. They will also be able to customize their avatar as part of the Meme Moguls metaverse and generate an income from $MGLS tokens, which are selling at $0.0027 during the Meme Moguls presale.
Meme Moguls is offering $10,000 to one lucky investor after each stage of its presale sells out. This allows investors to win big and get great returns from what’s becoming one of the best DeFi presales in the market.
For more information about the Meme Moguls (MGLS) Presale:
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