Binance and Optimism Experience a Price Rally – Meme Moguls to Spearhead Future Altcoin Charge

Binance (BNB) could be on the verge of a price breakout as its on-chart data is indicative of a future bullish momentum. Optimism (OP), the Layer-2 network built to scale Ethereum that uses optimistic rollups, could also see a major price rally and a major analyst is bullish on its future. Despite this, Meme Moguls (MGLS) has experienced the most attention with its crypto ICO, as it could surge following the completion of its blockchain ICO.

Binance (BNB) to Experience a Rise Above $300 Soon

Binance (BNB) began to recover with its value and, during the past week, surged by 15%. From a low point of $250, the crypto went up to $289 and nearly broke past the $300 price barrier again. In the past month, Binance grew in value by a total of 25%. 

According to the on-chart metrics, the bulls are now struggling to raise the price of the overhead resistance to $290 for the altcoin, with the second resistance at $313. However, they are now in a crucial position as they are nearing the 50-day and 150-day EMAs for support. 

If the price falls below the moving averages, this is a sign that bulls have begun losing control. Yet, according to the Binance (BNB) price prediction, it can reach $396.74 in 2024. 

Meme Moguls (MGLS) Primed for a Price Rally and Could Spearhead Altcoin Charge

Meme Moguls (MGLS) is an upcoming platform that will introduce a one-of-a-kind P2E game that simulates investing and will allow users to engage in virtual trading competitions. Anyone can attempt to outperform indices like the S&P 500 in the “Beat the Market” game mode, for example, and can earn in the process.

Other features behind the Meme Moguls ecosystem also enable it to stand out. For example, there is staking, where MGLS holders can earn more by contributing towards the staking pool. As well as this, Moguls World is a dedicated Metaverse where users can connect with other traders, mine tokens, participate in liquidity pools, and stake.

Statista is projecting that the meme industry may have a value of $6.1 billion by 2025. As a result, Meme Moguls is strategically positioned to lead the market and can also spearhead the future altcoin charge.

Optimism (OP) to Surge According to CryptoAnalystSignal

Optimism (OP) saw a notable surge of 52% in the past week. Analyst CryptoAnalystSignal noted the bullish potential ahead of Optimism’s recent uptick, where he highlighted that it formed a descending triangle and targeted the $3 range, which has since been reached. 

The Optimism altcoin has broken above the level that previously served as its resistance point. During the past week, OP moved up in value from $2.09 to $3.69. According to the Optimism price prediction, it can reach $5.13 in 2024. 

Summary

Both Binance and Optimism are bullish, but the blockchain ICO of Meme Moguls has captured the most significant level of attention. During the crypto ICO, the MGLS cryptocurrency is offered at $0.0025, and analysts project an upswing of 100x following its launch. 

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