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Bitcoin (BTC) is roiling the market, with analyst Rekt Capital predicting a potential increase in value. Many whales have allegedly shown intense interest in the pre-sale phase 3 of a new ICO that has already raised $1 million, according to the sponsored content poster. According to his team, they foresee a potential boost for this DeFi project in 2024.
Bitcoin Price Prediction
Recently, crypto analyst Rekt Capitalcreated a wave of expectations by predicting a significant increase for Bitcoin (BTC). According to him, the upcoming 4th Candle may be brighter than the 3rd Candle. Indeed, Candle 3 saw a significant rally and was recognized as the largest rally observed in the Pre-Hallowing year.
In terms of Bitcoin price movements, it rose from $37,770 on November 29 to $42,306 on December 29. Its technical analysis also paints a promising picture for the bull market as this DeFi coin is trading above the 100 and 200-day EMAs. The Fear & Greed index rating also shows 65 (Greed) – good bullish signs.
Market analysts take all these indicators into account when making price predictions. As a result, they predict that the Bitcoin cryptocurrency will reach a value of $43,438 in January 2024. This makes BTC one of the best DeFi coins.
Meme Moguls (MGLS): New ICO
According to the content sender, Meme Moguls (MGLS), whose new project future is unknown, is claimed to have collected more than 1 million dollars in the 3rd phase of its pre-sale. This is a significant achievement that demonstrates a reaction from global investors to this game-changing DeFi project. Meme Moguls purportedly aims to offer a unique in-game earnings (P2E) gaming experience that offers wealth accumulation and a trackable platform.
When you enter this game, you will start with a portfolio of $100,000 in virtual cash. It is stated that every virtual profit you make can be converted into real, cashable returns by completing challenges and participating in trading missions. Since the project is new, its future is uncertain. It is recommended that you do detailed research before taking any action.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Although this game is the central pillar of the Meme Moguls ecosystem, the team behind it also claims that it will include:
- Staking: You can increase your token amount by contributing your MGLS tokens to the Meme Moguls staking pool.
- Moguls World: A metaverse experience that creates connections, token mining, participation in liquidity pools, and various token staking possibilities.
According to the content streamer, the MGLS utility token supports all these features and provides governance value to its holders. Priced at just $0.0025, early investors have already seen a 31% ROI. However, further price increases are expected as the pre-sale progresses. Market analysts predict that the value of MGLS may reach $0.19 if it is successful after hitting the stock exchanges in the 1st quarter of 2024. There is a risk of failure, which is the risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
With CoinCodex reporting that the meme coin market market cap is currently $22.76 billion, Meme Moguls is allegedly aiming to strategically position itself as a leader in this space. Unlike 99% of this market, MGLS brings something new to the table – value in use, so it’s not just driven by hype.
Conclusion
Bitcoin may see further growth, but its high market cap may prevent it from reaching its full potential. To explain, BTC’s market cap is $826 billion, requiring a large amount of new funding for it to experience a significant price increase. But according to his team, Meme Moguls may not have this problem, as its market value is currently only $7.5 million. Therefore, MGLS would only need another $7.5 million investment to double its current value, but it also carries the risk of failure and risk of loss.
Click to review the Meme Moguls token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!