A prominent market analyst recently shared a bullish forecast for Ethereum (ETH), which could reach $28,000. However, amidst the buzz surrounding ETH’s predicted surge, two other tokens, Shiba Inu (SHIB) and Meme Moguls (MGLS), have also made headlines. They emerge as key contenders, commanding attention for their potentially explosive gains.
Analyst Foresees Impressive Ethereum (ETH) Price Surge
In a recent analysis by Aaron Arnold, the prominent voice behind the Altcoin Daily crypto channel, Ethereum (ETH), is expected to witness a substantial upsurge in response to the potential approval of Blackrock’s ETF. Arnold emphasized that this ETF approval might cause a significant demand surge, propelling the Ethereum price to new highs.
Arnold looked into historical patterns, indicating that if Ethereum follows a trajectory similar to its performance during the previous bullish cycle, the prices could soar to $42,000. He also highlighted the possibility of a more conservative increase, suggesting a climb to $28,000.
Ethereum’s recent growth, from $1,802 to $2,027 between October 31 and November 30, further supports these optimistic projections. Currently trading above its 100 and 200-day EMAs, Ethereum appears poised for an upward trajectory. Because of this, experts have made a bullish Ethereum price prediction – a rise to $2,309 before the conclusion of 2023.
Plena Finance Welcomes Shiba Inu (SHIB)
A prominent player in the blockchain technology sphere, Plena Finance recently expanded the offerings within its cryptocurrency super app by introducing additional tokens, one of which includes Shiba Inu (SHIB). This strategic move by Plena opens up new ways for users to partake in asset swaps and transactions involving Shiba Inu within its ecosystem.
In response to this development, the Shiba Inu price rose from $0.0000080 on November 28 to $0.0000082 on November 30. Additionally, the Shiba Inu Fear & Greed Index currently indicates a 74 (Greed) sentiment, indicating optimistic market sentiments surrounding SHIB.
Due to all these reasons, market analysts remain bullish with their Shiba Inu price predictions. They foresee a potential SHIB surge to $0.000009 by the conclusion of 2023, showing good growth for this crypto.
Meme Moguls (MGLS) Setting New Presale Records
According to Statista, the meme industry may reach a value of $6.1B by 2025 – and Meme Moguls (MGLS) aims to capitalize on it. This innovative meme-backed stock market platform operates on the blockchain and will allow users to trade memes and earn rewards simultaneously.
This groundbreaking initiative has sparked a frenzy within the crypto community. Meme Moguls has already broken a record by completing the Beta stage of its presale in just one week. During that time, the MGLS token value increased by 10% and now costs only $0.0021. Therefore, traders are stockpiling it before its price soars again.
Meme Moguls ( $MGLS ) Official Links 🐕🐸🐻
ALWAYS. VERIFY. pic.twitter.com/5ui7MPkI5Y
— Meme Moguls (@meme_moguls) November 20, 2023
While the exchange is the cornerstone of Meme Moguls, the project’s roadmap outlines three additional offerings to establish a vast ecosystem. These are:
- Moguls Casino is a gaming platform utilizing meme-based assets.
- Meme Moguls Fantasy Trader will enable you to connect with other traders and engage in healthy competition.
- Mogul Land is an immersive metaverse facilitating diverse financial activities like token mining.
The MGLS token powers all these aspects while also providing governance and staking rewards to holders.
Unlike Ethereum and Shiba Inu, MGLS has a lower market cap. In other words, its room for growth is higher as fewer new funds are needed. Analysts are optimistic, foreseeing a potential 1,000% growth trajectory for the MGLS token upon its debut on exchanges. Those who purchase it now may capitalize on this growth and gain a 30% deposit bonus.
For more information about the Meme Moguls (MGLS) presale: