As crypto markets are filled with hope after the recent approval of spot crypto ETFs, the price of Ethereum (ETH) has seen a significant upswing. The crypto managed to sustain above the gains and displayed dominance of the bulls, capturing the attention of crypto analysts. Alongside it, Meme Moguls (MGLS) also experienced a high level of momentum with its ongoing crypto ICO, and today, we will dive into both projects.
Meme Moguls (MGLS) is an upcoming platform that will introduce a simulated trading experience for anyone globally. Players will be able to utilize all of its Play-to-Earn (P2E) elements to turn their time into profitable returns while also enhancing their trading strategies.
The native MGLS crypto can be used for governance on top of the platform. Alongside this, users can stake it in the Meme Moguls pool to get a fixed passive income. The amount gained is based on the annual returns of the pool and the amount staked.
The project has so far reached Stage 4 of its blockchain ICO. MGLS is offered at $0.0027. However, the presale has been selling rapidly, and with this momentum, analysts are projecting an upswing of 80x following its launch and listing on Tier-1 exchanges.
Ethereum (ETH) broke past the $2,500 price barrier and is sustaining above it. The total price upswing in the past year was 65.5% for this DeFi project, indicating bullish on-chart performance. Recent on-chart data for the Ethereum price indicates how it went from a low point of $2,239.44 to $2,698.43. The crypto is now above the 50-day EMA, indicating an end to the price correction period and a bullish future outlook.
Popular crypto analyst Michaël van de Poppe recently posted an analysis on X (Twitter). In it, the analyst claims that a breakout towards a new cycle high at $2,700 could lead to further growth continuation. The result is an Ethereum price prediction that it can reach $3,500 in two to three months. Based on its on-chart performance, the ETH price is continuing to display extreme strength, regardless of the current market conditions. The price is moving towards the resistance as mentioned above zone, which could pave the way for another major breakout soon.
While Ethereum is displaying bullish performance on the charts, analysts are now more optimistic than before about its future. This has sent waves among the entire Web3 space, where the Meme Moguls DeFi project and its presale have picked up momentum. It could soon see a major upswing, making it appealing to traders globally.
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