Analysts Predict Impressive Growth for Ethereum (ETH)

According to recent analysis by Aaron Arnold, host of cryptocurrency channel Altcoin Daily, the price of Ethereum (ETH) will rise significantly due to the potential approval of Blackrock's ETF application. Arnold emphasized that the ETF's approval could trigger significant demand that would push Ethereum to new highs.

Arnold looked at historical patterns and found that if Ethereum followed a trajectory similar to that of the previous bull cycle, its price would skyrocket to $42,000. In a more conservative scenario, ETH would rise to $28,000.

Ethereum's recent rise from $1,802 to ‰2,027 between October 31 and November 30 confirms these optimistic predictions. Ethereum is currently trading above its 100 and 200 day EMAs and appears well positioned for an upward trajectory. In this regard, experts gave a bullish forecast for the price of Ethereum: the cryptocurrency will reach $2,309 by the end of 2023.

Plena Finance bets on Shiba Inu (SHIB)

Well-known blockchain player Plena Finance has added new tokens, including Shiba Inu (SHIB), to its line of instruments. This strategic move by Plena opens up new possibilities for users to use Shiba Inu.

In response to this event, the price of Shiba Inu increased from $0.0000080 on November 28th to $0.0000082 on November 30th. Additionally, the Shiba Inu Fear and Greed Index currently stands at 74, indicating that the market is bullish on SHIB.

Due to this, analysts are bullish on Shiba Inu and expect the coin to end 2023 at $0.000009.

Meme Moguls (MGLS) and new pre-sale records

According to Statista, the meme industry could be worth $6.1 billion by 2025, and Meme Moguls (MGLS) is looking to capitalize on this trend. This innovative meme-based exchange platform runs on blockchain. Users can trade memcoins and receive rewards at the same time.

This innovative approach caused a stir in the crypto community. The Meme Moguls project has already broken a record by completing the beta pre-sale stage in just one week. During this time, the cost of the MGLS token increased by 10% and the coin now costs $0.0021.

While the exchange is the cornerstone of Meme Moguls, the project's roadmap includes three additional offerings to create a larger ecosystem. These include:

  • Moguls Casino is a gaming platform that uses memes.

  • Meme Moguls Fantasy Trader will allow you to connect with other traders and take part in healthy competition.

  • Mogul Land is an immersive metaverse that facilitates various financial transactions such as token mining.

The MGLS token supports all of these areas and is also used to pay rewards to holders.

Unlike Ethereum and Shiba Inu, MGLS has a lower market value. In other words, he has greater opportunities for growth. Analysts are bullish, predicting a potential 1000% upside for the MGLS token once it debuts on exchanges. Those who purchase it now will be able to take advantage of this growth and receive a 30 percent deposit bonus.