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Cardano (ADA) price broke out of the upper end of a long-term horizontal range and then moved above this level. On the weekly time frame, there are RSI and Elliott wave counts, which indicate that the future is a bull market. Shiba Inu (SHIB) is also performing superbly and may be close to starting his own rally.
According to the sponsored content sender, the new project’s uncertain future Meme Moguls (MGLS) pre-sale is claimed to have gained momentum with rapidly depleting tokens. However, the project is new and it is uncertain whether it will be successful or not, and the investment carries the risk of loss.
Cardano (ADA) Traded in a Sideways Range – Price Expected to Reach $0.92 by the End of Q4
Cardano (ADA) has been trading in a sideways range since November 2022, with support and resistance levels confirmed repeatedly. Then, in October 2023, Cardano price started an upward momentum, breaking out of the range in November of the same year and bringing with it a new yearly high of $0.68.
Despite the subsequent decline, Cardano cryptocurrency bounced in the upper country of the range and is now in a bull market outlook on the charts. There is a dominant bullish advantage on the charts with RSI readings above 50 and an upward trend line. Based on Elliott Wave theory, it is suggested that ADA is in its fifth and final wave of increases starting in June 2023. According to Cardano price prediction, it could reach $0.92 by the end of 2024.
Meme Moguls (MGLS) Wants to Offer a Unique P2E Ecosystem
According to the sponsored content poster, Meme Moguls (MGLS) will allegedly launch an upcoming platform that will offer simulated trading and help traders improve their trading styles. Players are said to be able to access a Play-to-Earn (P2E) ecosystem where they can turn simulated profits into real, cashable returns. It is not certain, the future is uncertain and there is a risk.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Reportedly, every player can also deposit MGLS cryptocurrency to gain passive income opportunities. By contributing their balance to the investment pool, they can receive rewards based on their shares and annual percentage returns.
Players can also join a special Metaverse called World of Moguls, where they can connect, mine tokens, or participate in liquidity pools. According to Statista data, the Meme coin market could reach $6.1 billion by 2025, and even if Meme Moguls capture even a small share of this market, it could see significant growth. But it is not certain and carries the risk of failure and investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to the sponsored content poster, in Phase 5, a single MGLS token is trading at $0.0036. Initially, the project team predicted a price increase, which, according to them, could make the project among the watchable cryptos in 2024.
Shiba Inu (SHIB) Seeing Upward Momentum – How Much Could It Increase in 2024?
Shiba Inu (SHIB) has strong indicators on the charts and this could be a sign of a rally in the cards for the cryptocurrency. Its RSI spent a few days below 50, but started to rise. The Shiba Inu price is slowly rising as it gathers strength, but the 30-day average remains firmly flat.
Trading volume for the Shiba Inu cryptocurrency was up a modest $105 million, compared to the meme coin, which attracted $350 million in trading volume in the previous week and $900 million in mid-December 2023. However, the cryptocurrency is still attracting new buyers and may see a major rise in the upcoming trading sessions. According to Shiba Inu price prediction, it could be worth $0.000017 by the end of 2024.
Summary
Cardano and Shiba Inu are both dominating the charts and may join the next market rally. According to the sponsored content submitter, the Meme Moguls DeFi project presale has garnered significant interest. It is claimed that with its wide offer and unique ecosystem elements, it can be a traceable cryptocurrency for 2024, although it is not certain. The project future is uncertain and there is a possibility of failure. There is a risk of investment 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 investing!