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ethereum (eth) remains above the $2,000 support level. One crypto analyst notes that increased whale activity could trigger the next bull run.
Meanwhile, market participants have been following Celestia and Meme Moguls, expecting expansions in 2024.
Rising whale activity may boost eth demand
Shortly after eth-rally-as-etf-bets-fire-up-crypto” rel=”noreferrer noopener”>BlackRock presented For an ethereum ETF, prices broke the $2,000 resistance line.
So far, despite the decline in the broader crypto market, eth remains firmly above $2,000, further boosted by increasing whale accumulation.
glass node reported that for the first time in over nine months, large wallet addresses have been steadily accumulating the currency.
Consequently, experts are bullish on eth and expect the coin to retest $2,140. Further gains are likely to push eth towards $2,500.
Bullish Celestia
On October 31, Celestia launched the world’s first modular blockchain network.
In the statement, TIA prices rose more than 70% in two weeks, reaching an all-time high of $7.38.
Although TIA corrected to $5.70, investors continue to explore its prospects.
Movement Labs also said that they will scale Move Virtual Machine Layer 2 for ethereum using the modular Celestia DA.
At the same time, Lumoz plans to launch a ZK-powered solution, StableNet, on Celestia.
Analysts predict that the TIA will reach $10 in 2024.
Meme Moguls to launch exchange
tycoon memes aims to create the first exchange dedicated to meme coins.
This platform allows users to trade meme-based assets and earn tokens. It also has an easy-to-use interface for an intuitive trading experience.
Meme Moguls maintains the core element of meme coins: community-centricity.
Users can participate freely, share ideas, discuss business strategies, and participate in healthy competitions.
This fosters an environment where meme enthusiasts can generate wealth from the rapidly growing meme coin sector.
Meme Moguls have attracted a lot of interest from meme coin enthusiasts.
Currently, MGLS, the native token, is available for $0.0021 in the ongoing pre-sale.
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