Cardano (ADA)’s price broke out from the top of a long-term horizontal range, then bounced above it. The weekly time frame indicates that the future is bullish, and this is evident in the RSI and Elliott wave count. Shiba Inu (SHIB) is also showcasing superb performance and could soon initiate a rally of its own.
The Meme Moguls (MGLS) presale has seen major momentum as tokens are selling out quickly. We will go over each crypto’s price performance to see just how far they can rise, and to see which is a top crypto to buy.
Cardano (ADA) Has Been Trading in a Horizontal Range – Price to Reach $0.92 by the End of Q4
Cardano (ADA) has been trading within a horizontal range since November of 2022, with support and resistance levels confirmed numerous times. Then, in October of 2023, the Cardano price initiated an upward momentum and broke out of the range in November of the same year, bringing a new yearly high of $0.68 with it.
Although the Cardano crypto experienced a subsequent decline, it bounced in the range’s upper country, and it’s now bullish on the charts. With RSI readings above 50 and an upward trendline, there is a prevailing bullish advantage on the charts. The count suggests that ADA is in the fifth and final wave of its increases that began in June of 2023, based on the Elliott Wave theory. According to the Cardano price prediction, it can reach $0.92 by the end of 2024.
Meme Moguls (MGLS) Introduces Unique P2E Ecosystem and Can Surge 100x at Launch
Meme Moguls (MGLS) is an upcoming platform that will feature simulated trading and will help traders improve the way they trade. Players can access a Play-to-Earn (P2E) ecosystem in which they can turn any simulated profits into real, cashable returns.
Every player can also stake the MGLS crypto in order to get passive income opportunities. By contributing their balance to the staking pool, they can get rewards based on their stake and the annual percentage yields.
Players can even join a dedicated Metaverse called the Moguls World, and in it they can connect, mine tokens, or even join liquidity pools. The Meme coin market can reach $6.1 billion by 2025 based on Statista data, and even if Meme Moguls gets a small percentage of this market, it can see significant growth.
During Stage 5, a single MGLS token trades for $0.0036. At launch, analysts project a major price upswing of 100x making it a top crypto to buy in 2024.
Shiba Inu (SHIB) Sees Upward Momentum – How Far Can It Spike in 2024?
Shiba Inu (SHIB) indicators are strong on the charts, and this could be a sign of an upcoming rally that’s in the cards for the crypto. Its RSI has spent a few days before 50, yet it has begun to rise. The Shiba Inu price is now climbing as it slowly gathers strength, although the 30-day average remains decidedly flat.
The Shiba Inu crypto trading volume increased slightly to $105 million, which is modest, with the meme coin attracting $350 million in volume during the prior week and $900 million in the middle of December 2023. Yet, the crypto is still attracting new buyers and could see a major upswing during the upcoming trading sessions. According to the Shiba Inu price prediction, it can end 2024 at a value of $0.000017.
Summary
Cardano and Shiba Inu are both dominating the charts and can engage in the next market rally. In the meantime, the Meme Moguls DeFi project presale has picked up significant attention. With its vast offering and unique ecosystem elements, its primed to become the go-to altcoin for 2024.
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Source: https://blockchainreporter.net/meme-moguls-mgls-to-launch-with-unique-p2e-ecosystem-rivals-cardano-ada-and-shiba-inu-shib/