Bitcoin (BTC) and Ethereum (ETH) have been major players in the crypto space seeing meteoric growth in 2021. However, a new player, Meme Moguls (MGLS), is entering the market and aims to steal the number one spot.
Ethereum (ETH) Pumps 10% After BlackRock Ethereum ETF Filing
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Ethereum’s (ETH) price skyrocketed on Nov. 9 after BlackRock filed for an Ethereum-based exchange-traded fund (ETF). The news of the filing sent Ethereum past the $2,000 mark.
According to CoinMarketCap, the price of Ethereum rose over 10% to an intraday high of $2,132.75. Unfortunately, it has dropped to $2,101. Nevertheless, Ethereum’s technical indicators are still bullish as it traded above the 50- and 200-day EMAs.
In addition, ETH’s market cap also skyrocketed by 9.7%, with a 162% increase in daily trading volume. Meanwhile, the Ethereum price has recorded 23 out of 30 (77%) green days with 7.47% price volatility over the last 30 days.
Bitcoin (BTC): Peter Schiff Warns of Downturn
On Nov. 9, Bitcoin (BTC) saw huge gains, going above $37,000 for the first time in 18 months. This surge was due to the Bitcoin news concerning the approval of 12 different Bitcoin ETFs in the coming week.
However, as of Nov. 10, the price of Bitcoin has dropped to $36,898.07. While many experts are optimistic about Bitcoin, Peter Schiff, the CEO of Euro Pacific Capital, warned about a possible market crash.
In a recent tweet, Schiff said that the recent Bitcoin price increase is because of “speculators” who are trying to make money from a Bitcoin ETF. Schiff believes that this rally might not last long. According to him, speculators will quickly sell their ETF holdings once the SEC approves spot BTC ETF.
Meme Moguls (MGLS): The World’s First Meme-Backed Stock Market
Moguls like Elon Musk and Warren Buffett, have always been a source of inspiration to many. Their achievements have left a major mark in the world.
One feature that sets Meme Moguls Exchange apart from other trading platforms is its wealth leaderboard. This acts as a motivator encouraging healthy competition among users. The platform has an engaging community where users can collaborate with other meme enthusiasts.
As of now, the Meme Moguls token is up for sale at just $0.0019 with a lower market cap than Bitcoin and Ethereum.
Disclaimer
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Source: https://beincrypto.com/could-meme-moguls-be-your-wildcard-for-growth/