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Analyst Ali Martinez is watching the trajectory of Dogecoin (DOGE), while traders are looking to Chainlink (LINK) and Meme Moguls (MGLS) to make significant moves in the cryptocurrency landscape.
Will Dogecoin Double Its Value?
Martinez recently explanation How Dogecoin faced the resistance level of $0.087 on the weekly chart. Marked by the convergence of the 0.786 Fibonacci level along with the 100-week and 200-week EMAs, this level is a huge hurdle for Dogecoin.
However, a break above this resistance could pave the way for Dogecoin price to reach $0.14. The prevailing sentiment surrounding Dogecoin appears to be bullish, with 24 technical indicators indicating a positive trend. DOGE is currently trading above the 21-day and 50-day EMAs, positioning it well for a potential upward move.
According to expert Dogecoin price predictions, DOGE could rise to $0.0901 by the end of 2023. This is a promising trajectory for meme-based cryptocurrencies.
Chainlink releases new staking upgrade
Chainlink recently released a significant upgrade called Chainlink Stake v0.2. This upgraded version enhances the basic staking mechanism by expanding the staking pool size to 45 million LINK tokens. The revamped Chainlink staking platform introduces a number of improvements, including increased flexibility for stakers and a dynamic rewards mechanism.
These developments sparked positive momentum in the price of Chainlink, rising from $13.85 on November 28 to $14.82 on November 29. Chainlink also showed a favorable trend, recording 20 out of 30 (67%) green days last month.
With a price volatility of 11.65% over the same period, analysts expect Chainlink price predictions to be bullish. They anticipate a possible rise to $16.31 by the end of 2023, reinforcing the positive outlook for the decentralized protocol.
Meme Moguls Breaks Pre-Sale Records
Meme Moguls is a project that aims to redefine the meme coin space by launching the first meme-centric stock exchange. This platform allows you to trade memes while competing with other traders.
It has already made waves in pre-sale, breaking records by completing the pre-sale beta phase in just one week. With 250,000 USDT already raised, interest is sky high. Countless traders are flocking to the pre-sale to get MGLS tokens before their value rises again.
MGLS now costs Only $0.0021 – 10% increase in starting price.
At the heart of Meme Moguls is a vibrant community space that encourages interaction, learning and sharing between traders. In addition to transactions, the platform envisions various components that contribute to a dynamic user experience.
- moguland: An immersive Metaverse experience where you can participate in liquidity pools and mine tokens.
- Moguls Casino: It is a gaming hub where users can engage in various casino activities using meme-based assets.
- Meme Moguls Fantasy Trader: A platform where you can test your skills and showcase your trading abilities.
Unlike Dogecoin and Chainlink, Meme Moguls boasts a lower market capitalization. This gives them a competitive advantage because their value can soar more quickly because less new money is needed. Because of this, experts say MGLS will pump 100x before pre-sale ends. It may seem strange, but according to cryptocurrency data, SHIB has delivered a 1.6 million% ROI since launch.
Those who buy now can take advantage of this growth and receive a 30% deposit bonus on all deposits.
Learn more about Meme Moguls (MGLS) on their official website. X.
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