The year is almost at a close, with the next crypto rally underway. Whale investors are currently on an accumulation spree, stacking up the best altcoins that could give massive gains. Three altcoins that are on their list include Meme Moguls, Dogecoin, and Ethereum. Let’s see why
Dogecoin (DOGE) Witness Two Whale Transactions
On December 6th, the Dogecoin (DOGE) network witnessed notable activity through two major transactions. Firstly, 64.7 million DOGE, approximately $6.2 million, was transferred from an undisclosed wallet to the cryptocurrency exchange Coinbase.
In a parallel move, another transfer of 72.6 million DOGE, valued at around $7.1 million, was made from Robinhood to an unknown wallet. These transfers signify that whales are still expecting the price of Dogecoin to increase.
Crypto analyst Captain Faibik have suggested that an “epic pump” for Dogecoin may be on the horizon. He predicted a 900% surge to $0.7 in the first half of 2024. According to CoinMarketCap, the price of Dogecoin has been trading between $0.081526071537 and $0.104372 in the last week.
Ethereum (ETH) Bulls Gearing For $3,400
Over the past two months, the Ethereum price has been on a consistent upward trajectory. This upward trend is clearly reflected in the weekly chart, with the MACD histogram showing bullish growth.
The Ethereum coin appears to be targeting the next Fibonacci (Fib) levels, which are approximately in the range of $2,400 to $2,600. However, the leading altcoin could face resistance at this level, which could lead to a corrective phase.
Nevertheless, if the Ethereum coin manages to surpass this resistance, it could reach the golden ratio level at $3,400. Ethereum price is currently sliding between the $2,027.92 and $2,297.76 mark with 10.1% gain on the weekly timeframe.
Meme Moguls (MGLS) Introduces Trading Tournaments and Competitions
Meme Moguls (MGLS) is a cryptocurrency with a dual identity as both a play-to-earn token and a memecoin. Notably, $MGLS offers more practical utility than many other memecoins in the meme industry. The project is poised to follow a price trajectory similar to Dogecoin’s. It aims to secure a position among the top 5 cryptocurrency in the crypto sector.
Meme Moguls‘ gaming platform is designed to educate users about investing and wealth accumulation. This innovative project provides a platform for simulated investing and enables users to partake in competitive scenarios. Participants will learn about financial strategies and discover new opportunities.
Each player starts the competition with a $100,000 virtual cash amount to build their investing portfolio. They can convert their simulated winnings into withdrawable coins if they complete challenges. To encourage diversification, participants are limited to contribute no more than 20% of their virtual currency portfolio to a single investment.
On the Meme Moguls platform, community members and friends may also create tournaments and compete in simulated investing competitions. These tournaments might provide entertainment or award prizes to players. It could also be an opportunity to donate to prize pools and buy-ins for a competitive experience.
Overall, Meme Moguls emerges as one of the top 5 cryptocurrency to monitor closely. Its innovative approach to gaming, investing, and community engagement positions it as a premier choice in the cryptocurrency landscape.
Apart from Dogecoin and Ethereum, another token on whales list is Meme Moguls. The MGLS tokens are presently priced at $0.0021 per token. As per market analysts, MGLS would pump 1,000% in the coming months. This positions it as one of the best altcoins to consider for future gains.
For more information about the Meme Moguls (MGLS) presale:
Buy presale: https://app.mememoguls.com/sign-up