Spot Bitcoin ETF news driving prices, Chainlink, Meme Moguls, and XRP may benefit
In recent months, the crypto world has been closely tracking news about spot Bitcoin ETFs. In October, fake news about the Securities and Exchange Commission (SEC) approving a spot Bitcoin ETF sparked a rally in Bitcoin and altcoins.Â
Based on this, analysts expect Chainlink (LINK), Meme Moguls (MGLS), and XRP to rally from future news about Bitcoin Spot ETFs.
Chainlink traders bullish
LINK peaked at $16 on Nov. 9, but bears flew back, pressing prices lower.
Despite this, on-chain data indicates that LINK holders are optimistic.
The number of active Chainlink addresses surged to 9,630, the highest in 2023, and has remained above 5,000 addresses.
Meanwhile, LINK has support at $14. As of Nov. 15, the token was trading at $15.06, up 5%.
Its market cap and trading volume are also up 5.5% and 12.9%, respectively.Â
LINK prices have recorded 20 green days in the past month, adding 22.22%.
Coincodex forecasts LINK to rise by 3.77% to $15.55.
XRP can reach $2.40, analysts predict
XRP fell after retesting $0.720, dropping below $0.700 and the crucial $0.650 pivot point.
Even so, bullish activity at the $0.600 offers support for XRP.
XRP is changing hands at $0.63, but its market cap and trading volume are low, according to CoinMarketCap.
Analysts remain bullish on XRP, buoyed by more optimistic regulatory expectations on Ripple.
Tony “The Bull,” a crypto analyst, forecasts XRP to reach $2.40 in the coming weeks.
Meme Moguls is bullish
Meme Moguls is a platform where meme enthusiasts can play games and trade meme-based assets using MGLS, the protocol’s native token.
The project’s ecosystem includes Moguls Casino, Moguls Exchange Trading Platform, and Meme Moguls Fantasy Trader, which allows users to compete and earn rewards.
Users can connect with others, mine, and stake tokens in Mogul Land, an intriguing virtual world.
Meme Moguls provides numerous meme-inspired assets to ensure informed trading decisions.
Active community members receive rewards and NFTs, which are tradable on OpenSea.Â
The platform also offers a gameplay experience with competitions and tournaments.
MGLS is trading for $0.0019 in ongoing presale, but analysts expect more gains in the days ahead.
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