The post Meme Moguls (MGLS) Set to Outshine Ethereum (ETH) and Bitcoin (BTC) appeared on BitcoinEthereumNews.com.

Ethereum (ETH) bulls are dealing with the FOMO amid a power rally powered by the latest developments in spot exchange-traded funds (ETFs). This smart contract coin extended above $2,000 for the first time since July., even though it’s currently trading slightly below it. On the other hand, Investors in Bitcoin (BTC) are bullish, and the hype of the approval of a potential Bitcoin ETF is also leading towards an impressive rally, leading the crypto above $37,000. However, Meme Moguls (MGLS) is set to outshine both of these cryptos. Ethereum (ETH) Forecast: Increase in Q1, 2024? Ethereum (ETH) is seeing significant attention, especially after Bloomberg’s ETF analyst, Eric Balchunas, noted how BlackRock has made the first step towards filing for a spot in Ether ETF. Investors and traders instantly found Ethereum far more appealing after this announcement and began accumulating the crypto. As a result, its value increased from $1,831.41 to $2,128.61, and the total upswing in the past 30 days was by 32.4%. The market has since corrected, but analysts remain mostly bullish. A continued uptrend will suggest that traders are willing to bet on its price movement moving north instead of moving back. Bitcoin (BTC) to Continue its Bull Rally The anticipation surrounding the greenlighting of a Bitcoin (BTC) spot exchange-traded funds (ETFs) has led many to begin accumulating the crypto. This led to an impressive rally, which led to the crypto reaching a maximum value of $37,883.29 during the week. Despite the ongoing correction in the past days, most remain positive. If the SEC makes an actual approval, Bitcoin could reach new heights. During the past month, the total price upswing for BTC was by 38.3%, while in the past year, it was up 112.6%. A break above the $38,000 price barrier could lead to a significant upswing.…

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Filed under: News - @ November 20, 2023 10:10 am