Top crypto analysts are seeing a bullish outlook for Bitcoin (BTC) and Ethereum (ETH), growth that their on-chart performance and upward momentum will fuel.
Pseudonymous analyst Pentoshi is bullish on ETH, while crypto analyst TechDev highlighted that BTC’s OBV is hinting at potentially new peaks.
Many are now diversifying their holdings with Meme Moguls (MGLS). This upcoming platform will enable virtual trading and help anyone improve their trading strategies. We will go over each one to see why they are the best altcoins to buy.
Bitcoin (BTC) Projected to Rise by TechDev – Price to Move Above $66,000
Bitcoin (BTC) could soon see a major price rally, following its solid performance in the previous month. Crypto analyst TechDev highlighted that Bitcoin’s on-balance volume (OBV) is currently hinting at potential new peaks through a post on X (Twitter). The analyst also noted how each time the OBV hints at a new high, the price of Bitcoin also achieves a new peak within one candle on the two-month chart.
During the past week, BTC traded between $40,766.45 and $44,217.04. In the last 30 days, its up 14.2%, and according to the Bitcoin price prediction, it can surge to $66,583.71 in 2024.
Ethereum (ETH) to Initiate Bull Run According to Pentoshi – Is $4,000 Possible?
Pentoshi, a pseudonymous analyst with over 700,000 followers on X (Twitter) noted that the possible approval of spot Ethereum (ETH) ETFs next year can give the crypto a solid boost.
Multiple asset management firms, including BlackRock, Fidelity, and Hashdex filed applications with the U.S. Securities and Exchange Commission (SEC). Pentoshi says that Ethereum will likely generate bullish momentum as a result of this.
As for the on-chart data, during the past week, Ethereum traded between $2,130.73 and $2,335.37. During the past year, the crypto is up 86%, and according to the Ethereum price prediction it can surge as far as $4,031.01 in 2024.
Meme Moguls (MGLS) Can Spike 100x Based Projections
Meme Moguls (MGLS) has seen bullish momentum with its crypto ICO as it is introducing an entire Play-to-Earn (P2E) ecosystem that can disrupt the industry by introducing a new method in which players can learn how to invest while building wealth.
Anyone can learn about investing and begin building their wealth with the innovative approach of virtual trading. In the Meme Moguls ecosystem, players are introduced to the world through getting $100,000 in virtual cash.
As a result, they can utilize it to create a portfolio. They can complete challenges and, by doing so, have the opportunity to turn the simulated profits into cashable returns.
Members of the community are also able to set up custom tournaments and even create prize pool buy-ins.
There is a game mode known as Beat The Market, for example, and each player outperforms the S&P 500 index to win. With the overall interest in meme-inspired assets growing and the vast ecosystem on offer, analysts expect the MGLS token to grow by 100x at launch. These aspects make it one of the best altcoins to buy.
Summary
Bitcoin and Ethereum could both see a surge in value, but it will take some time for the cryptocurrencies to get there. In the meantime, Meme Moguls made massive waves with its crypto ICO. At Stage 3, the crypto is offered at a value of just $0.0025. As a result, this represents a solid entry point for those looking to diversify.
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2023/12/analysts-are-bullish-on-bitcoin-and-ethereum-can-meme-moguls-exceed-their-success