Ripple (XRP) and Cardano (ADA) are two of the top 10 coins by market cap that have the potential to see significant gains in the current bullish market. Additionally, the crypto market is also keeping an eye on Meme Moguls (MGLS), a new token in presale that has already raised over $1.4 million.
XRP has recently been declared not a security by the US Securities and Exchange Commission (SEC), leading to a surge in price. However, the rally has since faded and the coin is currently trading above $0.57. Its all-time high is $3.40, achieved in 2018. With the legal battles with the SEC coming to an end and positive market catalysts, such as the potential for spot ETFs, XRP could see a break above $0.74 and possibly even reach $1.5.
Cardano (ADA) is currently trading above $0.55 and could potentially reach $1 if it can break through the key hurdle of $0.70. Some analysts predict a 30-40% surge in ADA price due to a bullish pennant formation. However, the success of this breakout may depend on broader market sentiment, which has been boosted by Bitcoin’s recent rise above $44,000.
Meme Moguls (MGLS) is a new project that aims to tap into the growing meme coin market by offering a platform for users to earn rewards and showcase their trading skills. With the popularity of meme-inspired tokens such as Dogecoin and Shiba Inu, Meme Moguls could see significant growth. Currently in stage 4 of its ICO, MGLS has already seen a price increase from $0.0019 to $0.0027. As the project continues to gain traction and the market for meme coins grows, Meme Moguls could dominate a market expected to reach $6.1 billion by 2025.
The presale for Meme Moguls has already raised over $1.4 million, indicating high interest in the project. With the potential for significant gains in the second half of 2024, MGLS could be a promising investment opportunity.