Bitcoin Rising with the Comment of the FED President! Is Cardano Preparing for a 67% Rise? New Coin Tries to Attract Institutional Attention

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Bitcoin (BTC) reacted positively to the Fed chairman’s comments. The comments sparked a rally that sent BTC’s price to $40,000. Bullish sentiment has spread throughout the market and Cardano (ADA) is poised for a 67% price increase. Additionally, according to his team, Meme Mouguls has corporate interest.

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Bitcoin Touched $40,000 With Fed Chairman’s Comments

Fed Chairman Jerome Powell recently spoke at Spelman College in Atlanta, Georgia. At the scheduled meeting, Powell said the Federal Reserve is committed to reducing inflation to 2%. A Fed governor previously said the regulator would seek to lower interest rates.

As Powell’s comment implies the same, the cryptocurrency market is on the rise, resulting in an increase in Bitcoin price. As a result, the price of Bitcoin rose to $39,000 for the first time since April 2022.

Analysts predict that Bitcoin’s value will continue to increase. The possibility of a Bitcoin ETF being approved in the coming weeks has led to predictions that the BTC price will rise. Standard Chartered has predicted a price of $100,000 by 2024.

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Cardano (ADA) Prepared for a 67% Increase in December

In November, Cardano coin recorded a 25% increase. While these gains are significant, one analyst predicted that its price could rise further in December. Cryptorank.io shared a historical pattern that could see Cardano price increase by December.

According to shared data, Cardano ADA closed December in the green for the last two years. YouTuber and crypto analyst LuckSlide shared an optimistic analysis that Cardano could see gains of up to 67% by the end of December.

He announced that ADA broke a long-term downtrend. If the bullish pattern repeats, the price of Cardano (ADA) will rise to $0.641 – the highest level ADA has traded since June 2022.

Corporate Interest in Meme Moguls (MGLS) Increases

Meme Moguls introduced a new platform that has attracted the attention of institutional investors in the crypto space. The project introduced the first exchange platform designed specifically for meme coins. This cutting-edge platform aims to change the public perception about trading meme coins and meme-based assets. Since the project is new, do your detailed research as it carries risks.

The Moguls Exchange Trading platform will offer access to the widest range of meme-inspired assets. The platform will provide information and analysis on meme coins, as well as buying, selling and trading these assets.

These options are integrated to help traders improve their meme picking skills. There will also be a leaderboard where users can track their progress. Another key component of the ecosystem is Moguls Gaming, where users can use meme coins to play exciting games.

Players can earn the MGLS token as a reward for their participation. Due to its unique platform, MGLS has seen significant growth according to the team (risk exists). The price of MGLS recently rose to $0.0021 per token, and according to the project team, analysts are predicting a 1,000% price increase by 2024, but the project has a chance to keep the future uncertain.

More about Meme Moguls (MGLS):

Website: https://mememoguls.com/

Twitter: https://twitter.com/meme_moguls

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