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The Cardano (ADA) price action produced a strong chart structure in the recent trading sessions. The price was trading above the key moving averages and reflected the power of buyers. Bitcoin (BTC) broke past $42,000 again and ignited investor optimism about its future.
If its current momentum persists, the crypto could be eyeing a climb above the $43,000 range or even further. Meme Moguls (MGLS) saw a major upswing in its presale momentum and could soon surge to new heights. We will uncover the opportunities to reach crypto by analyzing their on-chart data.
Supporters of Meme Moguls (MGLS) can take part in pre-sale and buy tokens here.
Meme Moguls (MGLS) to feature a dedicated Metaverse and staking pool
Meme Moguls (MGLS) is an upcoming P2E meme project that aims to help traders enhance their strategies and improve their overall performance by introducing a platform where anyone can engage with simulated trading.
The platform will boast a selection of meme-inspired assets, from viral memes to iconic internet moments, and players can explore and trade them.
The platform is built on top of Ethereum. Here, anyone can stake the MGLS crypto in the staking pool, where they become eligible for rewards based on their share of the pool and the annual percentage returns.
Each player has a starting value of $100,000 in virtual cash and can create a portfolio and then begin trading to improve their strategies.
Cardano (ADA) TVL goes above $400M
Cardano (ADA) has shown an overall upward trend since the start of December, which is clear from its moving averages and Relative Strength Index (RSI). The RSI remained above the middle line, indicating a strong bullish momentum.
The Cardano altcoin chart analysis indicates an optimistic direction in recent weeks despite the highs and lows. Apart from the price trend, another positive indicator for the Cardano altcoin is its TVL, which, according to DefiLlama, is currently at $414.65 million.
The ADA value moved from $0.581366 to $0.663448 in the past week.
Bitcoin (BTC) to pass $43,000 again
Bitcoin (BTC) is currently trending upwards as a buzz surrounds its Spot ETF approval. If it receives the green light, analysts predict a potential Bitcoin price rally, with the cryptocurrency's price already showing strength within an impressive range. A breakout above the $43,000 level is essential for the crypto to reach new heights.
Renowned crypto analyst CrediBULL Crypto recently shared a compelling perspective on its historical patterns. Drawing parallels to Newton's principle of action and reaction, the analyst underscores how sharp declines often trail Bitcoin's meteoric rises. According to the Bitcoin price prediction, it can reach $76,150.49 by the end of 2024.
Bitcoin could soon surge above $50,000, and Cardano is bullish on the charts. On the other hand, Meme Moguls reached a significant $1 million milestone, placing it on the map for many traders.
During Stage 3 of the ongoing presale, the MGLS crypto is offered at $0.0025.
Learn more about the $MGLS here:
Alex Dovbnya
Denys Serhiichuk
Tomiwabold Olajide
