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ETC Group head of research André Dragosch has predicted that ethereum will eclipse bitcoin in 2024. Another analyst said bitcoin will rise to $130,000 in 2025. Meanwhile, another said Meme Moguls could reach $0.1 in 2024.
ethereum may surpass bitcoin in 2024
crypto-Market-Outlook-2024/ETC_Group_2024_Outlook.pdf” rel=”noreferrer noopener”>André Dragoschhead of research at ETC Group, believes ethereum has a bright future.
He praised ethereum for pioneering the smart contract platform.
Dragosch predicts that ethereum will recover in 2024.
According to Dragosch, several things affect ethereum.
One of the crucial ones is the “burn mechanism” introduced by the ethereum improvement proposal EIP-1559 in August 2021.
This feature is expected to reduce the overall supply of eth, which Dragosch says could support prices.
Dragosch said that combining reduced supply and staking rewards could help ethereum outperform bitcoin.
ethereum is currently hovering around $2,300 as of writing as bulls target $2,500.
Meme Moguls at $0.1 in 2024?
tycoon memes is an online platform that connects game lovers and meme enthusiasts.
One of its popular features is the “wealth leaderboard”, which rewards the top 20 players with cash prizes every day.
Users can invest 20% of their virtual money in a single investment to encourage diversification.
Meme Moguls also offers a virtual world, “Mogul World”, where players can mine tokens, stake them, and interact with others.
The platform's native token, MGLS, is trading at $0.0025, but could reach $0.1 in 2024.
Meme Moguls has raised over $1 million in the ongoing pre-sale.
bitcoin can reach $130,000
One crypto analyst, CryptoCon, believes that bitcoin could reach $130,000 by November or December 2025.
However, he also believes there could be a significant drop before reaching that level.
In his opinion, bitcoin can cool by 38% to 52%, which will last between five and six months and end around May 2024.
Despite predicting this drop, CryptoCon remains optimistic about bitcoin's long-term growth and noted that there would be an increase after that.
Conclusion
bitcoin and ethereum are established projects.
However, emerging players like Meme Moguls plan to offer a unique platform for trading and gaming.
Learn more about the MGLS here:
Visit Meme Moguls | Join the community
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