Bitcoin spearheads crypto charge, Polkadot and Meme Moguls may follow
Analysts believe the crypto market has turned the corner, with Bitcoin (BTC) leading the charge. Meanwhile, experts believe Polkadot (DOT) and Meme Moguls (MGLS) will rally in the days ahead.
Bitcoin leading the crypto revival
Bitcoin rallied to $37,900 in November, registering new 2023 highs. Catalyzing the upsurge was news around the Securities and Exchange Commission (SEC) approving the first spot Bitcoin ETF.
The community expects the regulator to authorize at least one spot Bitcoin ETF before the end of 2023.
Moreover, the fourth Bitcoin halving will be in April 2024. History shows that such events tend to support prices.
Fundstrat predicts BTC to reach $180,000 by 2024.
Meanwhile, Jesse Myers predicts that within a year to 18 months after the halving, BTC will break above $100,000. Adam Back endorses the same figure but expects this level to be breached by March 2024.
Polkadot Predicted To Experience a Massive Price Surge
Polkadot remains in an uptrend, adding 50% in the last month, recording a six-month high of $5.840.
DOT corrected to $5.35 on Nov. 14. Even so, analysts expect the trend to continue in the coming weeks, considering signals from the weekly RSI and the Elliott Wave technical indicators.
While Rektcapital expects DOT to break out to $8, Nebraskangooner said the uptrend is valid but didn’t mention targets.
Polkadex recently collaborated with TradingView, allowing Polkadot users to access price charting and technical analysis tools. At the same time, Polkadot 2.0 is being worked on. Accordingly, analysts expect DOT to continue rallying.
Meme Moguls to outperform the crypto market?
Meme coins have a combined market cap of over $17.7 billion. Despite this growth, there is no structure for trading these unique assets.
Meme Moguls aims to create the first exchange marketplace for meme assets.
The platform will list all meme coins while featuring a wealth leaderboard to encourage healthy competition among traders.
Additionally, Meme Moguls will offer meme-inspired assets to help users stay informed about meme trends for smarter trading decisions.
The ecosystem will also include a staking platform where rewards will be distributed in MGLS.
Meme Moguls aims to build an active community promoting collaboration with meme enthusiasts to unify the meme coin ecosystem.
In the ongoing presale, MGLS is available for $0.0019.
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