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- Market expert Bob Loukas stated that the spot Bitcoin ETF has a 99% chance of approval.
- This news brought excitement back to the cryptocurrency market and caused the BTC price to increase by 5%.
- Another altcoin that benefited from this rally was Memem Moguls, and a huge price increase is expected, the project team claims.
Bitcoin (BTC) has revived interest in the cryptocurrency industry. Investor and trader Bob Loukas believes the Securities and Exchange Commission (SEC) will approve the spot Bitcoin ETF 99.9% of the time.
Thereupon, the Bitcoin price increased by more than 5% and bull market predictions emerged. This enthusiasm spread to the Meme Moguls (MGLS) altcoin and its value increased. Investors who expect a bull market in 2024 are wondering how high MGLS can rise.
Spot Bitcoin ETF 99.9% Chance of Approval
With the SEC delaying its decision to approve an ETF spot, the crypto community’s excitement has cooled. However, the excitement grew even more after the comments of market expert Bob Loukas. Loukas says BlackRock’s spot ETF application has 99.9% chance of approval stated.
Loukas made these comments as soon as BlackRock changed its refund policy for spot Bitcoin (BTC). Frequent exchanges between the SEC and BlackRock suggest a spot ETF is happening. Loukas’ comments immediately sparked renewed interest in the bitcoin industry.
Following the news, Bitcoin price rose more than 5% to regain the $43,000 level. Considering its current trajectory, BTC is expected to reach the $50,000 level by the end of 2023, making it the best crypto to buy right now.
The upward trend is expected to continue beyond 2024, with a spot ETF almost inevitable. Meme Moguls was another altcoin that benefited significantly from this news.
Meme Moguls (MGLS) Ready for New Heights in 2024
The excitement in the cryptocurrency market has spread throughout the market, and Meme Moguls (MGLS) is claimed to be one of the biggest beneficiaries. The price of the altcoin rose to $0.0023, but analysts said it had higher potential, according to its team. Why are they optimistic about this project?
According to the project team, Meme Moguls is a new ICO project that aims to transform the meme coin industry. More than just a meme coin, Meme Moguls is an ecosystem created to teach meme enthusiasts how to invest and build wealth.
Wealth leaderboards are a popular component of the ecosystem. The platform’s top 20 investors receive a share of daily revenues with cash rewards, creating a healthy competitive environment. This leaderboard shows the top players from various events and tournaments.
Meme Moguls aren’t just interested in competition. It also launched “Mogul Land,” a virtual world where users can explore various aspects of the app. In this virtual arena, users can mine tokens, stake tokens, and interact with others.
It is claimed that the new ICO offers many earning options and an interesting investment option for anyone who wants to make money while having fun. Analysts predict a 50x price increase for MGLS based on the latest growth rate of the project. This rate is not certain and there is a possibility of failure. His team envisions MGLS as a project that could be explored before the bull market expected in 2024.
Conclusion
A spot ETF could be approved and set the pace for a Bitcoin rally, experts say. This potential rally could lead to a bigger rally for Meme Moguls heading into 2024, but it’s not a sure thing. This huge potential rally is driving the team to attract more and more investors to Meme Moguls.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!