After a recent bull run, investors worldwide are asking how high Bitcoin’s price will go in 2024. Having already reached an annual high in 2023, crypto experts and Wall Street analysts believe that Bitcoin could hit an all-time high in Q1. At the same time, Meme Moguls, an exciting new DeFi project, is making waves during its presale and has caught the attention of crypto experts as a result.
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Could Bitcoin Hit $100k In 2024?
Bitcoin has surged in value by 160% in 2023, hitting an annual high of $43,000. As many investors speculate that Bitcoin will hit $50,000 by the end of December, analysts are debating whether or not the world’s largest cryptocurrency will hit a new all-time high.
According to analysis by Standard Chartered and several Wall Street investors, Bitcoin could hit $100,000 by the end of 2024. This significant rise could be influenced by several catalyst events over the next few months.
Firstly, on April 19th, Bitcoin will experience a halving event. This process will reduce the number of Bitcoins allocated for mining, and is expected to drive up Bitcoins price. The last Bitcoin halving occurred in May 2020 and took Bitcoin to its all-time high of $69,000.
Secondly, the U.S. government is looking to introduce the first Bitcoin exchange-traded fund (ETF) in the United States. This advancement is likely to speed up investor interest, thus further driving up the price of Bitcoin.
However, some cryptocurrency experts believe that Wall Street’s prediction may be overly ambitious. Instead, they predict that Bitcoin could experience a setback of up to 30% before its halving, and therefore suggest that investors approach Bitcoin with caution.
Could Meme Moguls Offer Better Returns Than Bitcoin?
As Bitcoin continues to surge, Meme Moguls is making waves in the presale space. This exciting new project gives users the opportunity to become their own Moguls by building wealth through the Meme Moguls ecosystem.
The key feature of this ecosystem will be an innovative game where players will learn how to invest and build wealth through the stock market. The game will introduce a feature known as simulated investing. This investing method will give investors $100,000 in virtual cash to invest in the stock market.
MOGULS!!
Are you ready to change the landscape?
With one of the biggest airdrops of 2024
Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt
— Meme Moguls (@meme_moguls) December 8, 2023
Once they have their cash, investors will learn investing strategies, new investment types and will also earn meme rewards and cash prizes. Players will also be able to compete in challenges with friends and online tournaments for rewards.
To create a more competitive element around investing, Meme Moguls will introduce a “Wealth Leaderboard,” in which the top 20 moguls will win a share of a cash prize pool. This pool will come directly from profits made from Meme Moguls.
In addition to a new game, Meme Moguls will introduce a metaverse world called Moguls World. Here, investors will be able to join liquidity pools, build passive income by staking tokens, and connect with like-minded investors.
$MLGS will play an important role in this ecosystem. The token will be used as an in-game currency and governance token, giving holders the right to vote on future policies. $MLGS is currently available at $0.0021 during phase one of the Meme Moguls presale. With tokens selling fast and excitement around the project rapidly building, experts believe the token value could rise over 100x in 2024.
For more information about the Meme Moguls (MGLS) presale:
Website: https://mememoguls.com/
Buy presale: https://app.mememoguls.com/sign-up
Twitter: https://twitter.com/meme_moguls
The post Bitcoin (BTC) Price Prediction 2024: Experts Recommend Considering Meme Moguls (MGLS) for Potential Gains appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/bitcoin-btc-price-prediction-2024-experts-recommend-considering-meme-moguls-mgls-for-potential-gains/