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Analyst Ali Martinez is keeping an eye on Dogecoin (DOGE) performance as traders brace for Chainlink (LINK) and Meme Moguls (MGLS) to show significant moves across the crypto landscape.
Dogecoin should double its value?
Recently, Martinez explained how Dogecoin is facing resistance at $0.087 on the weekly chart. This level, indicated by the convergence of the 0.786 Fibonacci level with the 100-week and 200-week EMAs, is a formidable obstacle for Dogecoin.
However, breaking this resistance could pave the way for Dogecoin price to reach $0.14. The prevailing sentiment around Dogecoin appears to be bullish, with 24 technical indicators signaling positive trends. DOGE is currently trading above its 21- and 50-day EMAs, indicating a favorable position for a possible upward move.
According to experts' Dogecoin price predictions, DOGE could rise to $0.0901 by the end of 2023. This is a promising development for the meme-based cryptocurrency.
Chainlink introduces new staking upgrade
Chainlink recently introduced a significant upgrade – Chainlink Staking v0.2. This updated version expands the staking pool size to 45 million LINK tokens, improving the native staking mechanism. The revamped Chainlink Staking platform introduces several improvements, including greater flexibility for stakers and a dynamic reward mechanism.
This development has sparked positive momentum for Chainlink price, rising from $13.85 on November 28th to $14.82 on November 29th. Chainlink has also marked 20 out of 30 (67%) green days in the last month, showing a positive trend.
Analysts predict a bullish Chainlink price prediction given price volatility of 11.65% over the same period. They predict a possible increase to $16.31 by the end of 2023, highlighting 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-driven exchange. This platform allows you to trade memes while competing with other traders.
It has already made a splash in pre-sales and broken records as the pre-sale beta phase was completed in just a week. Interest is huge as 250,000 USDT has already been raised. Countless traders are flooding the pre-sales to get the MGLS token before its value increases again.
MGLS costs now only $0.0021 – an increase of 10% over the starting price.
At the heart of Meme Moguls is a vibrant community space that encourages interaction, learning and sharing between traders. Beyond trading, the platform provides various components, each contributing to a dynamic user experience:
- Mughal country: An immersive metaverse experience where you can join liquidity pools and mine tokens.
- Moguls Casino: A gaming hub that allows users to participate in various casino activities using meme-based assets.
- Meme Moguls Fantasy Trader: A platform to test your skills and showcase your trading skills.
Unlike Dogecoin and Chainlink, Meme Moguls has a smaller market capitalization. This gives it a competitive advantage as its value could rise faster as fewer new funds are required. For this reason, experts predict that MGLS will visit 100 times by the end of the pre-sale. While this may seem strange, Cryptobasic data shows that SHIB has achieved a 1.6 million% ROI since its launch.
Anyone who buys it now will benefit from this growth and receive a deposit bonus of 30% on all deposits.
Learn more about Meme Moguls (MGLS) on the official website and X.
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