Morgan Stanley Wealth Management has declared the end of an extended cryptocurrency bear market, indicating that crypto spring is just around the corner. The cryptocurrency market was expected to hit new highs in this new bull market. Ethereum and Shiba Inu have already recorded significant gains as the cryptocurrency market enters a bullish phase.
In previous bull markets, there were dark horses that outperformed the cryptocurrency market. Analysts have identified a potential dark horse in this bull market. Read on to find out more.
Shiba Inu regained key resistance levels. Developers hint at major changes.
Shiba Inu has had a difficult 2023 despite gains recorded in the broader cryptocurrency market. However, the Shiba Inu coin recently joined the market rally and rose above the key resistance level of $0.000008000.
SHIB also rebounded above the 200-day exponential moving average (EMA). This level is important because historically it acts as a barrier between bearish and bullish areas. This bullish trend has led cryptocurrency analysts to predict a potential Shiba Inu price hike.
If the Shiba Inu price maintains the $0.00000800 support line, it is expected to rebound to $0.000012000. This prediction has been further strengthened by a recent update shared by the Shiba Inu development team.
that much Tim hinted. The product is a potential game changer in the cryptocurrency industry. Other SHIB developments that could drive Shiba Inu value growth include ShibaSwap and its products. Sovereign Identity (SSI) features.
Ethereum Reclaims Spot ETF Excitement To $2,000, Analyst Predicts 80% Rise
Due to expectations of spot ETFs, the price of Ethereum soared above $2,000 for the first time in over 7 months.
The rally was sparked by reports that BlackRock had registered an Ethereum ETF in Delaware. Because of this, analysts are optimistic about Ether. Popular cryptocurrency analyst Kyle Doops has shared a bullish prediction for the price of Ethereum.
According to Ethereum chart shared by Doops, a huge rising pattern of 80% was formed. According to his Ethereum price prediction, ETH could surpass Shiba Inu and rise to $3,600 in the coming weeks.
In the near term, ETH remains above the $1,979 level, while the trajectories of major altcoins remain decidedly positive.
Meet Meme Moguls, the dark horse of the cryptocurrency bull market.
Ethereum and Shiba Inu were among the best performers during the previous bull market. However, while it is predicted to record significant gains in the upcoming bull market, it will be outclassed by a new cryptocurrency, Meme Moguls (MGLS).
Meme Moguls enters a unique market by meeting the needs of dark horses in previous bull markets. Introducing the world’s first meme-based stock market style exchange.
As a pioneer, the project aims to help investors become their own tycoons in the $17.9 trillion meme coin market. MGLS’s unique placement as a token powering this ecosystem gives it ample potential to outperform ETH, SHIB, and the rest of the cryptocurrency market. Join now for just $0.0019.
To learn more about Meme Moguls, visit Meme Moguls.