Arbitrum (ARB) has showcased positive on-chart momentum and is heading into the bullish zone based on the latest trend. The chart showcases bullishness all around and can surge in the long term. The presale of the Meme Moguls (MGLS) crypto is picking up a lot of steam as well, especially as it has raised over $1.8 million in a short time. We will go over both of thesecryptocurrencies to determine how far they can rise.
Arbitrum (ARB) Sees Major Upswing – Can It End 2024 With a Value of Over $3?
The Arbitrum (ARB) cryptocurrency is trading above the 50-day and 200-day EMA. The price action is favorable for buyers, and the chart showcases continued growth activity. It's on an upward trajectory toward the $2.5 price barrier and needs to exceed this level to reach new heights.
Conversely, the lower Arbitrum price trajectory is near the $1.60 level. The ARB price is now bullish, growing by 93% in the past 30 days. In addition to this, the Arbitrum crypto performance throughout the year was decent and provided early traders with positive returns. According to the Arbitrum price prediction, it can rise as high as $3.64 by the end of 2024.
Meme Moguls (MGLS) to Introduce Play-to-Earn (P2E) Ecosystem
Meme Moguls (MGLS) is an upcoming platform currently in the blockchain ICO phase that will introduce a Play-to-Earn (P2E) experience through which players can learn how to invest. Everyone will gain access to simulated trading opportunities and can compete with their friends to learn investment strategies. By doing so, they can learn new methods and get cash prizes and meme rewards.
● Every player begins with $100,000 in virtual cash. They can then use this to create a portfolio and complete challenges to turn their simulated profits into cashable returns. ● There is a dedicated Metaverse called Moguls World, and in it, players can connect, mine tokens, join liquidity pools, and stake their cryptocurrencies to get passive income. ● Each user can even complete missions and challenges and will get access to valuable meme assets. To get even more of the MGLS crypto, players can contribute their existing tokens to the Meme Moguls Staking Pool. ● They become eligible for rewards based on the annual returns percentage and their share of the pool. Due to all of this, MGLS is one of the top crypto coins to get during 2024.
The project has reached Stage 5 of the presale, where a single token trades for $0.0036. When it launches, analysts are projecting a major price upswing of 80x, fueled by the growth of the ecosystem and overall demand.
Summary
Arbitrum is heading upwards in value and could soon reach new heights as evidenced by the on-chart activity. In the meantime, many traders are turning to the Meme Moguls presale due to its vast growth momentum and overall offering. As a result, it's one of the top crypto coins to get into and is the hottest project in DeFi to watch during 2024.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
