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Analyst bullish on Fantom; Aptos and Meme Moguls also shine

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Analyst bullish on Fantom; Aptos and Meme Moguls also shine

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Analyst Ali Martinez is bullish on Fantom (FTM). Meanwhile, Aptos (APT) and Meme Moguls (MGLS) are among some of the top altcoins being monitored. APT rose 28% in one week, while MGLS, which is in stage 3 of its presale, is gaining traction ahead of 2024.

Fantom price prediction

Crypto analyst Ali Martinez is bullish, noticing a W-pattern on the weekly chart. 

If FTM maintains a weekly close above $0.57, it would confirm this bullish formation, possibly moving prices to $1.60.

Supporting this view, FTM has rallied from $0.40 on Dec. 19 to around $0.53 as of Dec. 26. 

Sentiment also looks positive – 29 technical indicators are flashing green on FTM currently.

Given the bullish chart pattern and ongoing momentum, CoinCodex analysts estimate Fantom could reach $0.68 before December ends.

Key levels to watch are $0.57; a close above this mark will validate the W-pattern, opening prices to $0.68. 

If momentum continues into year-end, Fantom looks positioned for solid growth.

Aptos being monitored

Aptos rose from $7.90 to $10.12 in over a week. This surge is after Aptos developer George Mitenkov said they had found a solution that could reshape smart contract execution.

Technical analysis also supports the bullish sentiment. 

Aptos’ Fear & Greed index is at 71, indicating “extreme greed.” The token is also above its 21-day and 50-day EMAs, indicating strong upward momentum.

Experts say APT can reach $10.86 in January 2024. 

Meme Moguls: reshaping meme coins

Meme Moguls is gaining popularity as it breaks the typical meme coin mold. While most lack utility, MGLS will serve as in-game currency and a governance token.

At its core is a play-to-earn investing game where users start with $100k virtual cash to simulate trades and turn virtual profits into actual returns. There is even a “Beat the Market” mode challenging you to outperform indexes.

MGLS is trading for $0.0025 in stage 3 presale. 

So far, Meme Moguls has raised over $930,000.

https://twitter.com/meme_moguls/status/1733077444930703567

As Statista projects the meme industry growing to a $6.1 billion market by 2025, Meme Moguls could benefit. 

So, unlike most meme coins, MGLS offers real-world utility. With presale profits flowing in fast, it makes for an exciting early investment in a future multi-billion dollar meme industry.

Conclusion 

Ali Martinez’s positive analysis of Fantom and the potential of Aptos and Meme Moguls highlight the evolving defi market. 

However, due to the substantial market caps of FTM and APT, significant surges may be challenging. In contrast, MGLS, with a market cap of $7.5 million, may grow faster, requiring fewer new funds. 

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.