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Bitcoin (BTC) and Ethereum (ETH) are two of the most active cryptocurrencies, and their performance impacts the entire industry. BTC surged above $45,000 for the first time since April of 2022.
ETH’s supply on exchanges reached an all-time low of 8.04%, and its price could recover soon as a result. Meme Moguls (MGLS) reached a major milestone with its blockchain ICO and could soon reach even further heights. We will review the price performance of each one and see which is the best cryptocurrency.
Bitcoin (BTC) Rallies to Over $45,000 – Price to Reach $61,165.04 by the End of Q1
Bitcoin (BTC) increased in value by 15% during the past month and jumped over the $45,000 price mark. The crypto extended its rally to touch an intra-day high at $45,870.16 before pairing some of the gains.
The continued price increase for the Bitcoin crypto is an indication that the market is undergoing a rally. It comes due to the increased excitement among traders that the U.S. could approve the first Bitcoin ETF. In 2024, BTC will also undergo another halving event.
The rewards offered to miners will be slashed in half, reducing the supply of BTC that will come to market. According to the Bitcoin price prediction, it can surge to $61,165.04 in Q1 2024.
Ethereum (ETH) Supply on Exchanges Hits a New All-Time Low – Price to Rise Above $3,000
Ethereum (ETH) showcased a considerable decline in its supply on exchange platforms. This marks a new all-time low since the genesis of the Ethereum crypto. The supply now accounts for 8.04% of the asset’s total supply based on Santiment data.
Ethereum now trades at $2,400 and, during the past week, saw an upswing from $2,194.20 to $2,434.45. During the past 30 days, it’s up just 10.3%, and in the past year, it increased by 95.6%.
The crypto could be gearing up for a recovery alongside the rise of active addresses on its blockchain. As most of its supply is outside of exchanges, this could be an indicator that traders are waiting for a jump to pour it back in. According to the Ethereum price prediction, it can grow as high as $3,284.19 in Q1, 2024.
Meme Moguls (MGLS) to Introduce P2E Meme-Inspired Ecosystem
Meme Moguls (MGLS) is an upcoming P2E meme-oriented ecosystem that will help traders enhance their strategies. The platform will introduce them to real-time meme market simulations.
- Players will gain access to a fantasy meme-trading world and can create custom avatars.
- With them, they can climb up the leaderboards. Upon reaching Moguls Status, they can unlock the best rewards.
- Players can even access character NFTs, which can be sold on the marketplace.
- There are even NFT items and materials that represent real-world assets.
Moguls Land is a dedicated Metaverse where users can connect, mine tokens, and join liquidity pools. These aspects make MGLS one of the most exciting altcoins for 2024.
Summary
Bitcoin could soon make new records, and Ethereum is on a road to recovery. Meme Moguls, on the other hand, has captured a significant portion of investor attention with its presale.
The project is currently at Stage 4 of its crypto ICO, where a single MGLS token trades for $0.0027. The team has raised over $1 million so far, and at launch, analysts project an upswing of 100x. As a result, it’s seen as the best cryptocurrency in 2024.
For more information about the Meme Moguls (MGLS) Presale:
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*This article was paid for. Cryptonomist did not write the article or test the platform.
