As April’s halving of the Bitcoin network approaches, the cryptocurrency community is hopeful it will bring an end to January’s market decline. Litecoin also declined in value this month. On the flip side, Meme Moguls, with its amazing utility, has emerged as the best crypto to buy for those willing to benefit from meme coins.
Bitcoin (BTC) Price Down
Over the past week, Bitcoin (BTC) has been traded as low as $38,678.19, down from its 2024 high of $49,000. It seems that the market sell-off was caused by the SEC’s approval regarding Spot ETF. However, analysts and also traders await the next Bitcoin halving in April.
They think it could raise the prices across the crypto market. The Bitcoin halving lowers the new coins per block by 50%, leading to scarcity and a potential price hike. In the six months after Bitcoin’s second halving in 2016, its value crossed $1,000 for the first time.
A similar bullish phenomenon occurred in the year 2020 as well. Following the halving, the Bitcoin topped at $68,789.63 in November 2021. This is what the analysts are expecting to happen in 2024.
Bitcoin Halving Could Spark a Litecoin (LTC) Revival
Litecoin (LTC), often called digital silver, has been trading in a bearish trend in the past week. Data from CoinMarketCap showed that the altcoin has been moving in the $63.92 – $72.51 price range.
On the weekly and monthly time frames, the price of Litecoin has fallen by 5.2% and 8.9%, respectively. However, the investors are waiting for a change of trend in the coming months. Interestingly, the Litecoin prices increased a few months after the 2020 Bitcoin halving.
LTC spiked from $40 to $70 before reaching the one hundred $100 level. Lastly, it hit its all-time high of $412.96 in May 2021. Maybe Litecoin crypto may also do this after the April Bitcoin halving. Let’s wait and see.
Meme Moguls (MGLS) Gives Early Investors 90% ROI
Meme Moguls (MGLS) stands out in crypto as more than just a memecoin. It offers access to a Play-to-Earn game and has other utilities. This DeFi project is transforming the gaming business by offering unique features that go beyond regular meme currency offerings.
Meme Moguls is more than simply a game platform; it’s also an instructional tool that teaches users about investing and wealth development. Players begin the game with virtual $100,000 money to develop and test financial ideas in a risk-free environment.
The DeFi project promotes diversification by limiting any single investment to no more than 20% of a player’s total virtual capital. This rule helps gamers maintain balanced investing strategies and teaches them financial management skills.
Furthermore, gamers may convert in-game earnings into MGLS coins and withdraw them anytime. Currently valued at $0.0036, Meme Moguls has raised over $1,889,188 since the start of its presale. Those who invested at the early stage of the project already have a 90% increase in their investment.
Meanwhile, there has been a massive rush on meme coins in the past few months. Recently, the Solana-based token, Bonk, soared more than 2,000% to a peak of $0.00003419. This shows high interest in meme coins, and Meme Moguls is set to ride on this wave. Analysts project MGLS to increase to $0.1 by early 2024.
Conclusion
Meme Moguls and other altcoins may enjoy bullish gains because of the impending rush for meme currencies and the impending halving of the Bitcoin supply. These days, useful coins are more popular than just meme coins.
Meme Moguls is the best crypto to buy to profit from the impending bull market. It’s a wise decision.
Click Here To Take Part In The Meme Moguls Presale
Visit the links below for more information about Meme Moguls (MGLS):
www.mememoguls.com
Source: https://blockchainreporter.net/bitcoin-stalls-before-april-halving-litecoin-price-down-meme-moguls-rides-on-meme-coin-rush/