In the last 24 hours, 600 billion SHIB tokens have been transferred. This sudden increase in whale activity created a bullish sentiment around Shiba Inu, with analysts suggesting that Shiba Inu could experience a surge in February. At the same time, two altcoins are poised for growth in Q1, and one could reach $1 by the end of the year.
After a bearish month, three whale transactions have reignited the hype behind Shiba Inu. In 24 hours, 600 billion SHIB tokens have been transferred, creating hype on social media. While these transactions are yet to impact Shiba Inu’s value, experts believe that Shiba Inu could experience a rally over the next week.
At the time of writing, Shiba Inu’s support level is at $0.0000096, and the next significant support is at $0.0000084. However, Shiba Inu is struggling to pass the $0.0000109 resistance level despite growing network activity.
According to market analysts, Shiba Inu could hit $0.0000120 in February if SHIB increases following recent whale activity. Bullish predictions suggest that SHIB could rise further to $0.0000140 if investor interest continues to increase.
Although Ripple (XRP) has fallen by 18.5% in the last month, crypto investors remain bullish. In the last 24 hours, Ripple’s daily trading volume has increased by 88% to $1.93 billion. This rise was triggered by speculations regarding the upcoming Ripple vs. SEC settlement.
On February 12, a briefing will take place, which could have long-lasting effects on Ripple. One theory is that Ripple may be required to burn over 40 billion XRP tokens, estimated to be worth over $20 billion. This move could drive up the value of remaining Ripple tokens, and therefore, investors are buying and holding Ripple to make strong returns in February.
Meme Moguls has caught investor attention with its unique new platform. This meme-based stock market empowers players by teaching them how to invest, generate new income streams, and learn new investing strategies.
To get started, investors will be given $100k in virtual currency, which they can invest in different meme-based assets. The value of these assets will fluctuate, allowing investors to test new strategies and ideas.
Meme Moguls also puts significant emphasis on community. With investing being a somewhat solo experience, Meme Moguls looks to connect players and investors on a single platform. By networking, players will be able to learn new strategies and share what’s currently working for them.
As players invest they will be able to work their way up a leaderboard to “Mogul” status. The top 20 ranked Moguls will share a monthly prize pool and will be granted additional benefits. Players who aren’t ranked will be able to make an income through tournaments and other events, allowing everyone to build income streams no matter their experience.
With great potential, experts predict that $MGLS tokens will increase to $0.19 within the next year. As Meme Moguls gains popularity, $MGLS could experience several price increases over the next decade. While it’s difficult to determine whether or not it will hit $1, the project is on track to offer great returns in 2024 and is currently available for just $0.0036 per token.
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