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The head of research at ETC Group, André Dragosch, has predicted that Ethereum will outshine Bitcoin in 2024. Another analyst said Bitcoin will rise to $130k in 2025. Meanwhile, another one said Meme Moguls could reach $0.1 in 2024.
Ethereum may outperform Bitcoin in 2024
André Dragosch, the head of research at ETC Group, believes that Ethereum has a bright future.
He praised Ethereum for being a trailblazer in the smart contracts platform.
Dragosch predicts Ethereum to recover in 2024.
According to Dragosch, several things affect Ethereum.
One of the crucial ones is the “burn mechanism” introduced by Ethereum Improvement Proposal EIP-1559 in August 2021.
This feature is expected to decrease ETH’s overall supply, which, according to Dragosch, could support prices.
Dragosch said combining reduced supply and staking rewards could help Ethereum outperform Bitcoin.
Ethereum is currently hovering around $2,300 when writing as bulls aim for $2,500.
Meme Moguls to $0.1 in 2024?
Meme Moguls is an online platform that connects game lovers and meme enthusiasts.
One of its popular features is the “wealth leaderboard,” which rewards the top 20 players with cash prizes every day.
Users can invest 20% of their virtual money in a single investment to encourage diversification.
Meme Moguls also offers a virtual world, “Mogul World”, where players can mine tokens, stake them, and interact with others.
The platform’s native token, MGLS, is trading for $0.0025 but could reach $0.1 by 2024.
Meme Moguls has raised over $1 million in the ongoing presale.
Bitcoin may reach $130,000
A crypto analyst, CryptoCon, believes Bitcoin could reach $130,000 by November or December 2025.
However, he also thinks there might be a significant drop before it reaches that high.
In his view, Bitcoin may cool off by between 38% and 52%, lasting for about five to six months, ending around May 2024.
Despite predicting this dip, CryptoCon remains optimistic about Bitcoin’s long-term growth and noted that there would be an upward surge after that.
Conclusion
Bitcoin and Ethereum are established projects.
However, emerging players like Meme Moguls plan to offer a unique platform for trading and gaming.
Learn more about the MGLS here:
Visit Meme Moguls | Join the Community
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Source: https://crypto.news/andre-dragosch-says-ethereum-will-outperform-bitcoin-in-2024-analysts-forecast-meme-moguls-prices/