On January 11th, a Bitcoin ETF application was accepted by the SEC. This sent Bitcoin to a yearly high of $48,000 and created a buying frenzy throughout the DeFi market. Bitcoin’s price has since decreased, causing investors to look for more profitable investments. Tezos (XTZ) and Meme Moguls (MGLS) are looking like strong alternatives and could offer returns of up to 1,800% over the next year.
Meme Moguls is making headlines worldwide after its strong presale performance. But how high can the hot new altcoin go? With analysts predicting 100x growth in 2024, some believe it could challenge the market caps of popular projects like Shiba Inu and Polkadot, both of which performed below the market average in 2023.
Bitcoin Increased 8% In 7 Days
Despite many crypto assets decreasing in value in January, Bitcoin is thriving. Over the last seven days, its value has increased by 8.57%, pushing Bitcoin from $39,000 to over $43,000. This has increased Bitcoin’s trading activity, with Bitcoin passing $22 billion in daily trading volume.
Investors worldwide are now eagerly awaiting the Bitcoin halving event, which will occur in April this year. Historically, such events have triggered a Bitcoin bull run and this year is expected to be no different. Bullish analysts predict that Bitcoin could pass $50,000, likely triggering a market-wide bullish trend.
Tezos Drops Below $1 Milestone
After hitting a milestone of $1.2 in mid-January, Tezos has experienced a minor correction. This correction has taken Tezos to $0.9847 and caused the project’s daily trading volume to drop below $26 million.
Now expected to make a recovery, experts believe that Tezos could push through its former resistance level of $1.2. This growth could help Tezos recover from its annual decline of 8.2%, putting the project in a strong position for additional growth in Q1.
How High Will Meme Moguls Market Cap Go?
With the price of Tezos and Bitcoin fluctuating, Meme Moguls could be a more stable investment opportunity. Meme Moguls is up 90% over the last 3 months, and its presale is now gaining significant momentum. Early investors are expected to make 100x returns on their investments, with current investors still expected to make returns of at least 1,800%.
Meme Moguls is one of the most unique altcoins in the presale space. Its unique platform lets investors engage in a virtual meme stock market. Within the market, investors will be able to build a virtual portfolio, test out trading strategies, and more, without needing to risk their own funds. Instead, they will be allocated $100k in virtual currency to build a portfolio.
Meme Moguls has been successfully audited by Solid Proof, and its liquidity has been locked for five years. This security, combined with several lucrative income opportunities has made the Meme Moguls presale a big hit.
Throughout its presale, $150,000 in giveaways will be awarded to early investors. Every week investors win gadgets, holidays and more, which has helped Meme Moguls form a united and strong community. To get involved, investors can buy $MGLS tokens for just $0.0036. Though, with stage 5 tokens selling fast, $MGLS is expected to increase in value throughout February.
For more information about the Meme Moguls (MGLS) Presale:
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