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The launch of the first spot Bitcoin ETF in the United States continued to linger as traders awaited the US SEC’s verdict. An analyst has chosen Ripple and Meme Moguls as two coins that new and old investors should consider for bullish growth.
Ripple (XRP) Struggles To Break Crucial Barrier
Ripple (XRP) was one of the most bullish assets during the recent crypto price recovery. This is because on-chain activities for Ripple surged significantly. The analyst believes this cryptocurrency has the potential to address global payment problems due to its unique design.
Data from CoinMarketCap puts the price of Ripple in the $0.582076 to $0.634147 range in the past week. However, Ripple coin has faced struggles after several attempts to break past the $0.65 resistance. This level acted as a major resistance for Ripple crypto despite recent accumulations.
Analysts have forecasted a price rally soon after the launch of spot Bitcoin ETF. Besides, Edward Farina, the Head of Social Adoption at XRP Healthcare, recently expressed a positive outlook for XRP.
He suggested that if Ripple’s enterprise-focused network, RippleNet replaced SWIFT in the global banking system, the Ripple price could pump to $10,000. Other analysts agreed with Farina’s forecast as it cited Ripple’s utility as a remittance token.
Meme Moguls (MGLS) Brings New Features To the Meme Coin Industry
Meme Moguls (MGLS) is an emerging memecoin and play-to-earn project that has introduced the first meme exchange. According to CoinMarketCap, the meme industry topped $18 billion in November 2023. Meme Moguls’ objective is to capitalize on this trend and establish itself as a top player in the meme coin industry.
The team has created an immersive ecosystem in order to dominate the meme coin space.
Let’s start with the Moguls Casino. Within this meme-inspired casino, users will game with meme-related assets. Meme Moguls has also opened up a possible way for users to benefit and receive prizes for their gaming activities.
The Moguls Exchange Trading Platform is part of the ecosystem. Memes traders are the target audience for this trading platform. They can now purchase, sell, and exchange meme-based assets more easily as a result.
Users can easily exchange meme-inspired assets on this dedicated exchange. High liquidity is encouraged by the platform, which also guarantees a safe and convenient trading environment for users. The Meme Moguls ecosystem offered resources to help users make trading decisions, making trading simple. Users of Mogul Land had access to a virtual community where they could communicate with other like-minded people.
They could also invest in liquidity pools and mine tokens. Users could share insights, collaborate with others, and explore other earning opportunities. Currently, the $MGLS token is available for $0.0021 in the ongoing presale. Analysts have forecasted a 100x price spike in the coming months. Notably, there will be a $10,000 giveaway at the end of each presale stage.
