New altcoin surpasses Ethereum and Shiba Inu as Morgan Stanley Crypto Winter
Morgan Stanley Wealth Management has called the end of the extended crypto bear market, indicating that a crypto spring is on the horizon. In this new bull market, the crypto market is predicted to move to new highs. As the crypto market enters its bull phase, Ethereum and Shiba Inu have already made huge gains.
In previous bull cycles, there were dark horses that outperformed the crypto market. Analysts have identified a dark horse for this bull market. Read on for more information.
Shiba Inu has regained a great level of resistance: it has hinted at major changes
Shiba Inu struggled in 2023 despite the gains in the broader crypto market. However, Shiba Inu coin joined the recent market rally by increasing from the key resistance level at $0.000008000.
SHIB also rose above its 200-day exponential moving average (EMA). This level is of great importance as it has historically served as a barrier between belligerent and bully states. With this bullish trend, crypto analysts have predicted a possible rise in Shiba Inu prices.
If the Shiba Inu price holds the support of $0.00000800, it is forecast to rally to $0.000012000. This prediction is reinforced by recent updates shared by the Shiba Inu development team.
The team hinted that the product could be a game changer in the crypto space. Other SHIB developments that could promote Shiba Inu value addition include ShibaSwap and the Self-Sovereign Identity (SSI) feature.
Ethereum receives $2,000 spot ETF cheer, analyst predicts 80% rise
Ethereum price surged above $2,000 for the first time in more than seven months on ETF cheer.
The rally was sparked by reports that BlackRock has filed for a position in an Ethereum ETF in Delaware. For this reason, analysts are very bullish about Ether. Renowned crypto analyst Kyle Dopps has shared his bullish prediction for the price of Ethereum.
According to the Ethereum chart shared by Dupes, a massive 80% move pattern has formed. Based on his Ethereum price forecast, ETH will outperform Shiba Inu and may reach $3,600 in the coming weeks.
In the short term, while ETH remains above the $1,979 level, the direction of the leading altcoin remains decidedly positive.
Meet Meme Moguls, the dark horse of the crypto bull market
Ethereum and Shiba Inu have been strong performers in previous bull markets. However, while they are predicted to make huge gains in the coming bull market, they are outperformed by the newest crypto, Meme Moguls (MGLS).
Meme Moguls meet the criteria of dark horses in previous bull markets – starting in a unique market. It has introduced what will be the world's first meme-powered stock market-style exchange.
As a follow-up, the project aims to help investors become their own moguls in the $17.9 trillion memcoin market. MGLS' unique position to power this ecosystem gives the token enough potential to outperform ETH, SHIB and the rest of the crypto market. Join now for only $0.0019.
To learn more about Meme Moguls, visit Meme Moguls.
