Both Ethereum (ETH) and Ripple (XRP) are bullish on the charts. ETH has specifically faced upward momentum fueled by an increase in its usage and trading volume. XRP, on the other hand, is expected to see gigantic growth soon according to leading crypto analyst EGRAG CRYPTO. Alongside them, Meme Moguls (MGLS) is also making significant progress. We will analyze the chart data for both to determine the best crypto to invest in.
Ethereum (ETH) remains above $2,200 – price expected to reach $3,829.22 by end of Q4
Ethereum (ETH) indicators are in a mixed position, with the cryptocurrency’s recent rallies putting it in a position where it could correct. Yet other data suggests it could also see another recovery. The 30-day average has been well above the 200-day average for several months. This implies that the Ethereum crypto has been overbought by traders in recent weeks.
At the same time, the crypto’s RSI is hovering around 50, indicating neutral territory for Ethereum price. Holders are aware that ETH’s support level has increased and held consistently since November 2023. Even if ETH struggles in the short term, it is very unlikely that it will be able to drop any further. significantly.
Over the past week, the crypto has traded between $2,187.29 and $2,434.45 and has consistently stayed above $2,200. According to Ethereum price predictions, it could reach $3,829.22 by the end of Q4 2024.
Ripple (XRP) at Rally 96X according to EGRAG CRYPTO
Ripple (XRP) remains the subject of bullish projections. X user (Twitter) EGRAG CRYPTO, a notable analyst, expects the price to increase in the coming sessions. The analyst described Ripple crypto’s 20X rally in 2021, when the entire sector was booming. He highlighted the progress made despite the lawsuit filed against the U.S. Securities and Exchange Commission (SEC). The company won three crucial court victories.
According to the analyst, Ripple price could potentially grow between $5.88 and $16. This is a bullish forecast for Ripple price, but the analyst also predicted further growth. The crypto could rise an incredible 96X from the bottom of the cycle, resulting in a value of $27.
Meme Moguls (MGLS) to introduce virtual trading and a P2E ecosystem
Meme Moguls (MGLS) is an upcoming meme-oriented P2E ecosystem aimed at helping investors and traders improve their strategies while improving the performance of their portfolios. This will be supplemented by the establishment of a platform allowing them to access real-time market simulations.
Players will be immersed in a fantasy world of meme trading. Here they can create custom avatars and climb the leaderboards. They can reach the status of Moguls to get the highest rewards. They can also start trading or selling character NFTs on the marketplace alongside other rare NFT items and mined materials.
There’s also Moguls Land, which is the ecosystem’s dedicated metaverse. Here each player can join liquidity pools or mine tokens. All they have to do to accumulate more MGLS is stake it into the pool, which will result in fixed passive capital gains. These aspects make it the best crypto to invest in.
Summary
Both Ethereum and Ripple have growth potential, but Meme Moguls has seen a massive rally. Its presale has reached stage 4, where MGLS is trading at $0.0027. This blockchain ICO has seen rapid growth, with analysts predicting an 80x price increase.
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Disclaimer: This article is promotional content and does not constitute investment advice. Do your own research and only invest money you can afford to lose.