The crypto market is expected to boom this week, with speculations that at least one Bitcoin spot ETF application will be accepted. To prepare for this surge, crypto whales are accumulating Ripple and Bitcoin, two projects that are expected to dramatically increase in value. While headlines focus on these developed projects, Meme Moguls, an exciting new altcoin, could be next on the radar. Here’s why.
Whales Accumulate 360 Million Ripple (XRP)
Ripple had a poor performance in December. Its value fell 13% to $0.568, causing Ripple’s trading activity to drop as investor confidence fell. However, several whale transactions have rebuilt the hype behind Ripple.
Over the last week crypto whales have purchased over 360 million XRP tokens. This has triggered a rise in Ripple’s daily trading volume, which hit $1.2 billion on January 9th. Now, many Ripple price predictions have turned bullish, as investors anticipate a price surge following the release of a Bitcoin ETF.
According to bullish analysts, Ripple could surge to $0.75 before the end of the month, should the project continue to attract investment from big players. Nonetheless, most predictions suggest Ripple will hit a more modest price of around $0.65
Bitcoin Daily Trading Volume Passes $40 Billion
As crypto experts predicted, Bitcoin ETF has been now approved, Bitcoin activity is hitting annual highs. Over the last 24 hours, Bitcoin’s daily trading volume hit $40 billion, a 60% increase overnight. This monumental growth displays a bullish sentiment around Bitcoin, with many analysts suggesting that Bitcoin could hit a new all-time high post-ETF approval.
According to Axios, the U.S. SEC will approve at least one of the 13 ETF applications it received. New applications are more likely to be approved once the first passes, which will likely take the DeFi market into a new bull run.
At the time of writing, Bitcoin was trading at $46,609, and its market cap hit $913 billion. Bitcoin’s price was up 2.62% in the last seven days and 4.48% over the last 24 hours.
Meme Moguls Could Surge After Bitcoin ETF Approval
After selling out during stage 3 of its presale, Meme Moguls hit a new all-time high of $0.0027 in 2024. This unique new project is thriving. It’s already raised $1.5 million and attracted a loyal following on social media platforms. Now, with additional growth expected throughout Q1, it is expected that Meme Mogul's momentum will soon hit new highs.
Meme Moguls teaches individuals how to invest and build long-term wealth. It introduces a new meme marketplace where players can invest $100,000 in a virtual stock market. While investing, players can brush up on investment strategies, discover new opportunities, and win cash prizes and meme rewards.
As part of the Meme Moguls community, investors will be able to set up tournaments between friends, take part in a simulated investing game, or create events with prize pools and buy-ins to up the stakes.
Alternatively, players can enjoy modes such as “Beat the Market”, where they’ll compete against index funds for lucrative rewards.
Meme Moguls tokens will be used for transactions throughout this ecosystem. $MGLS can be staked for a passive income, or used in the in-game marketplace to buy and trade assets.
For more information about the Meme Moguls (MGLS) presale follow the link below:
Website: https://mememoguls.com/
Twitter: https://twitter.com/meme_moguls
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.
