Cardano (ADA) has recently experienced an upswing in value, yet a major analyst behind the More Crypto Online’s YouTube channel discusses how the price outlook remains bearish.
Despite this, another notable analyst is bullish on the future of Avalanche (AVAX), but the most significant attention is given to the Meme Moguls (MGLS) crypto ICO, a project that can completely change how traders look at simulated trading with its unique, rewarding approach. We will go over both to see which is the best cryptocurrency to buy today.
Cardano (ADA) to Dip According to More Crypto Online – On-Chart Data Suggests Upswing to $1.06
Cardano (ADA) recently saw a major price upswing of 60%, a value increase it achieved during the past 30 days. During the past week, the value of the Cardano crypto moved up from $0.55 to $0.64, and its market cap is now at $20,954,161,091, making it the 8th largest crypto.
Despite this major success, the analyst behind More Crypto Online’s YouTube channel released a new analysis video on December 19, highlighting his bearish outlook on the future of Cardano.
The report follows an analysis by Austin Hilton suggesting that ADA’s price action is tracking the overall crypto market weaknesses seen in Bitcoin. Despite this, according to the Cardano price prediction, it can reach $1.06 in 2024.
Avalanche (AVAX) Projected to Rise to $60 According to Altcoin Sherpa
A widely followed crypto trader, Altcoin Sherpa, shared his projection surrounding the Avalanche (AVAX) cryptocurrency.
The project is likely not yet done rallying, and according to a post on X (Twitter) going over the projection, the Avalanche price prediction puts its value at $55 to $60.
During the past week, the AVAX crypto moved up in value from $37.42 to $46.03. Alongside this, the total Avalanche price increase was by 110% in the past 30 days. The future Avalanche outlook is bullish, but its not the only crypto to get significant attention.
Meme Moguls (MGLS) to Introduce Meme-Inspired Play-to-Earn (P2E) Ecosystem
Meme Moguls (MGLS) is an upcoming platform that will introduce simulated trading in a Play-to-Earn (P2E) environment. Its objective is to help anyone learn how to invest and build wealth with their portfolio.
Through the unique simulated investing approach, anyone will be able to test out these strategies without risking their real capital. They learn different strategies and discover ways through which they can monetize the most. They can also earn cash prizes and meme rewards in the process.
The ecosystem works by enabling each player access to $100,000 in virtual cash at the very beginning. They can then use this cash to create a portfolio and complete challenges. To better simulate how trading works outside of simulations, players will be able to invest up to 20% of virtual cash within a single investment.
They will also be able to access the Moguls World, a dedicated Metaverse where they can connect, mine tokens, join liquidity pools, and stake MGLS to get passive income. These aspects make it the best cryptocurrency to buy today.
Meme Moguls will also be hosting a $10,000 giveaway, which will take place alongside Stage 3 of the presale. Every participant will need to enter Zelay. Afterward, they can simply complete specific criteria for quality, such as making original Tweets, retweets, and comments and using the #MemeMogulsGiveaway hashtag in their tweets.
Summary
Cardano’s future is uncertain, and Avalanche could soon see an upswing. Despite this, traders are diversifying their portfolios with the Meme Moguls cryptocurrency. The project is at Stage 3 of its presale during the crypto ICO and sells for $0.0025. At launch, analysts are projecting a 100x price upswing.
Learn more about the $MGLS here:
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