Matthew Dixon, the CEO of Evai, a crypto ratings platform, has predicted that Ripple would rise in the coming weeks after a bearish season. Similarly, analysts have predicted a massive price increase for DeFi coins, Polygon and Meme Moguls.
Ripple (XRP) To Fall Before Price Surge
Ripple (XRP) has struggled since the start of 2023, dropping from the $0.60 region to a 2024 low of $0.50 over the weekend. This downfall coincides with a larger crypto market correction that has occurred in the wake of spot Bitcoin ETF approvals.
Nevertheless, Dixon believes that the tides will be turning soon for the Ripple coin. As part of a post, Dixon noted that the Ripple coin may decline slightly before it begins to climb to higher levels.
Using the one-hour time frame chart as a reference, Dixon indicates that the altcoin price will fall to about $0.5250. Afterwards, he predicted a rise to $0.54. Attaining that fresh local peak may unlock the way for Ripple to see additional gains in future.
Polygon (MATIC) To Reach $1.25-$1.50
One of the large-cap cryptocurrencies, Polygon (MATIC), has been struggling with a massive price decline in recent weeks. In the last week, the altcoin price traded as low as $0.6993 after trading as high as $0.8079. On the other hand, a crypto analyst has predicted that in the near future, there will be a trend reversal.
Michaël Van de Poppe estimated a price range of $1.25-$1.50 for the target zone. In addition, the analyst noted that the Polygon coin was stabilizing above higher timeframe support levels. He also highlighted a significant liquidity absorption in the recent period.
This signals a bullish reversal. Intriguingly, the technical indicator of the Polygon coin validates the bullish sentiment. The target of the altcoin could be $2 if it reaches a dollar amount of $1.50 in near future months.
Meme Moguls (MGLS) Set for Massive Rise in 2024
On the top ICO list, Meme Moguls (MLGS) is one of the best play-to-earn games. It offers a gaming platform through which users are educated on investment and wealth creation. The project includes a virtual investment platform, which provides learners with information about different investment strategies.
Each individual is given a starting virtual capital of $100,000 to develop their investment portfolio via Meme Moguls. With challenges, players can turn in their virtual pay for real coins, which they will be able to withdraw. In addition, Meme Moguls encourages having multiple investments.
Players are prohibited from allocating more than 20% of their portfolio to any one investment in the game. Participating in investment tournaments is one way that users can earn more tokens. They compete one-on-one, with tokens awarded as prizes to the winners. Players advance in the game to the next rank with each tournament they win.
The goal is ultimately to climb the hierarchies until they become moguls. This will allow them to earn passive income from their trading experience. The earning options and utility enabled Meme Moguls to get its place on the top ICO list.
The Meme Moguls tokens are currently on sale at $0.0036 in stage 5 with a 10x price prediction. The project has 212,180,955 MGLS coins left before it moves to the next stage. So far, Meme Moguls has raised over $1,950,396 in funding as it closes in on $2 million.
Final Thoughts
The DeFi coins – Ripple, Polygon, and Meme Moguls – are predicted to see bullish gains in the coming months. Meanwhile, Meme Moguls has an offer for you.
Join the Meme Moguls project today and enjoy a 30% deposit bonus on your purchases. If you buy $100 worth of a coin and receive a 30% deposit bonus, you will get an additional 30% of $100 as a bonus. This means you get $130 worth of coins.
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Source: https://blockchainreporter.net/matthew-dixon-forecasts-ripple-price-turnaround-polygon-and-meme-moguls-to-rise-higher/