Ethereum And Bitcoin Are Thriving Following ETF News, Could Meme Moguls Be Your Wild Card For Growth?
Bitcoin (BTC) and Ethereum (ETH) have become major players in the crypto space, seeing meteoric growth in 2021. But a new player, Meme Moguls (MGLS), is entering the market and aims to steal the number one spot.
Ethereum (ETH) pumps 10% after BlackRock Ethereum ETF filing
The following content does not constitute the opinion of BeInCrypto and should not be considered as financial advice
Ethereum (ETH) prices rallied on November 9 after BlackRock introduced an Ethereum-based exchange-traded fund (ETF). The news of the entry pushed Ethereum past the $2,000 mark.
According to CoinMarketCap, the price of Ethereum rose more than 10% to an intraday high of $2,132.75. Unfortunately, it's down to $2,101. However, Ethereum technical indicators are still bullish as it trades above the 50- and 200-day EMAs.
In addition, ETH market volume increased by 9.7%, with a 162% increase in daily trading volume. Meanwhile, Ethereum price recorded 23 out of 30 (77%) green days with 7.47% price volatility over the last 30 days.
Bitcoin (BTC): Peter Schiff warns of a fall
On November 9, Bitcoin (BTC) made a significant gain, going above $37,000 for the first time in 18 months. This increase was caused by Bitcoin news regarding the approval of 12 different Bitcoin ETFs in the following week.
However, since November 10, the price of Bitcoin has dropped to $36,898.07. Although many experts are optimistic about Bitcoin, the CEO of Euro Pacific Capital, Peter Schiff, warned of the possibility of a market crash.
In a recent tweet, Schiff claimed that the recent spike in Bitcoin prices was due to “speculators” trying to cash in on Bitcoin ETFs. Schiff believes this rally won't last long. According to him, speculators will quickly sell their ETF holdings after the SEC approves the Spot BTC ETF.
Meme Moguls (MGLS): The world's first meme-powered stock market
Moguls like Elon Musk and Warren Buffett have always been an inspiration to many. Their success has left a big mark on the world.
One feature that sets Meme Moguls Exchange apart from other marketing platforms is the wealth leaderboard. This acts as an incentive that encourages healthy competition among users. The platform has an engaging community where users can collaborate with other memory enthusiasts.
As of now, the Meme Moguls token is trading at just $0.0019, a lower market cap than Bitcoin and Ethereum.
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