2024 has been an eventful year for cryptocurrency. The first Bitcoin ETF applications have been approved, the market entered a short correction, and now, experts predict that the market is preparing for a rally. With the Bitcoin halving event on the way, new projects like Meme Moguls could experience significant price surges, while Bitcoin could push past $50k, with some experts suggesting BTC could hit a new all-time high.
Will Bitcoin Rally In 2024?
According to cryptocurrency analysts, Bitcoin has entered its pre-bull market cycle. This cycle previously occurred from 2015 to 2017, during which Bitcoin passed $19,000. A report conducted by Delphi Digital suggests that Bitcoin’s current consolidation at $40,000 is very similar to trends in 2017. As a result, experts predict that Bitcoin could hit a new all-time high in 2024.
With inflation on the rise, and confidence in fiat currency decreasing, Bitcoin’s 2024 rally could be unlike anything the market has seen before.
In comparison to 2015 to 2017, the S&P 500 is displaying similar trends to before Bitcoin’s first surge, which has created much anticipation around Bitcoin’s performance.
Given that ETFs have been approved and the Bitcoin halving event is just two months away, experts are extremely bullish about Bitcoin. At the time of writing, BTC was trading at $44,710 and had increased by 1.63% over the last month.
Bitcoin’s daily trading volume also experienced several surges over this month and was up 48% to $24.76 billion over the last 24 hours. Supporting the view that investors are preparing for a Bitcoin surge.
Will Meme Moguls Follow Bitcoin’s Surge?
The potential of a Bitcoin rally is great news for Meme Moguls. On February 28, the Meme Moguls presale will end, and $MGLS will be launched on Uniswap. This is perfect timing, as investors will be gearing up for the highly anticipated Bitcoin halving. As a result, investor activity will be on the rise, and Meme Moguls will likely gain even more traction than initially forecasted.
In the run-up to its release, Meme Moguls developers will showcase a game preview, during which investors will be able to see the different aspects of the Meme Moguls game firsthand. This event will show different game modes, customization options, and game features, such as the Meme Moguls leaderboard.
Meme Moguls will use $MGLS tokens throughout its ecosystem. $MGLS has increased in value by 90% since the start of the Meme Moguls presale and is expected to reach $0.19 within the next year.
Currently, Meme Moguls’ tokens are available for $0.0036 during phase 5 of the project’s presale. Tokens could increase to $0.0042 before the presale ends, after which they’re expected to soar.
Meme Moguls will launch phase 1 of its game’s release on March 11. Post-release, the price of $MGLS tokens is predicted to rise significantly, following several rallies after the launch of $MGLS on Uniswap.
Given its potential and the perfect timing of its launch, Meme Moguls could become one of the best-performing cryptocurrencies of 2024. As a result, investors are flocking to its presale to capitalize on a 30% buy bonus, which will expire on February 28.
For more information about the Meme Moguls (MGLS) Presale:
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Source: https://coinpedia.org/press-release/bitcoin-price-follows-proven-2015-2017-pattern/