Crypto analyst, Ali Martinez, has looked at Cardano’s price chart and sees the token reaching new highs. Also, Dogecoin’s miners’ reserve has increased while meme coin enthusiasts have flooded Meme Moguls.
Cardano (ADA) To Reach New High, Says Ali Martinez
Cardano (ADA) has been tagged as an undervalued coin due to its unique value proposition and technological innovation. Currently, the Cardano coin is in a consolidation phase. Its price dropped from a seven-day high of $0.395710 to $0.376280.
This shift in price sets a new narrative for analysts to analyze. Instead of presenting a pessimistic view, Ali Martinez, a top market analyst gave a bullish Cardano price prediction. According to him, Cardano ADA might be gearing for a potential surge to its highest price of the year.
The analyst pointed out that the demand for Cardano crypto at the $0.37 and $0.38 price range is a positive sign. Over 166,470 wallets bought the coin at these levels. Looking ahead, Martinez believes that Cardano faces limited resistance. With strong support at $0.38, he noted that Cardano could pump 20% to surpass its previous yearly high of $0.4518.
Dogecoin (DOGE) Miners on an Accumulation Spree
Dogecoin (DOGE), the largest memecoin by market and Elon Musk’s favorite crypto has managed to stay above $0.075. Despite bearish pressure over the weekend, bulls held the price level. According to data from IntoTheBlock, the reserves of Dogecoin Miner have increased in the past week.
It went from 4.18 billion on November 20 to over 4.59 billion by November 26. This significant change happened because miners acquired an extra 400 million Dogecoin during this time. Interestingly, the increase in miner’s accumulation has helped to maintain Dogecoin’s value.
Even though the Dogecoin price faced a previous rejection around the $0.085 level, its bullish momentum remained strong. If the bulls continue to retain control as expected, the price of Dogecoin could jump to the previous local high of $0.086.
Meme Moguls Sees Huge Interest From Across the Crypto Community
Apart from Cardano and Dogecoin, Meme Moguls (MGLS) have shown bullish signals. In the past few weeks, analysts, traders, gamers, and Meme enthusiasts have turned toward Meme Moguls. The project has introduced an ecosystem to cater to the needs of meme enthusiasts. Its aim is to do better than other meme coins like Pepe and Shiba Inu.
Meme Moguls has announced that it wants to create 100 millionaires within three months after it is launched. The first part of this plan is the world’s first stock exchange for meme coins. In this stock exchange, people would trade meme-related assets and earn tokens while interacting with other meme fans. Another important part of Meme Moguls would be the “Mogul Land”.
This place would give users a virtual world to explore, socialize, mine, and stake tokens. Staking has become a major way for crypto enthusiasts to earn passive income and Meme Moguls has launched such an opportunity on its platform. Lastly, Meme Moguls has promised an exciting gaming experience with competitions and tournaments.
Whether through trading or gaming, Meme Moguls has ensured that users can benefit from meme coins. MGLS tokens are now priced at only $0.0021. Market experts have predicted a 1,000% price surge in the coming weeks. Interestingly, there is a $10,000 giveaway at the end of each presale phase. However, only those who bought the MGLS tokens are eligible.