Binance (BNB) and Dogecoin (DOGE) experienced a 30% increase in their value during the past year. Yet, the future price outlook for each altcoin is slightly different.
We will review each one to see which can come out on top. In the meantime, Meme Moguls (MGLS) saw a high level of attention from investors and traders. With the momentum of its presale and various achievements, it is topping the charts and is considered the best cryptocurrency to buy.
Binance (BNB) Consolidates – Projected to Reach Above $400 in 2024
Binance (BNB) traded between $296 and $336 last week. The crypto’s total upswing was 30% in the past year and 5% during the past week alone.
From a technical standpoint, the Binance crypto is currently trading in consolidation. It’s gathering momentum for a potential move upward. The current scenario suggests that the Binance price will continue to consolidate as it attempts to break past $340.
The bulls are finding it difficult to push the price above the overhead resistance. They are at a critical level where they are taking support from the 50-day and 150-day EMAs. According to the Binance price prediction, it can surge to $439.10 by the end of 2024.
Meme Moguls (MGLS) to Introduce NFTs and a Staking Pool
Meme Moguls (MGLS) is an upcoming platform that will introduce a platform where anyone can enhance their trading strategies. By utilizing various elements of its ecosystem, they can also improve its overall performance. It’s currently in its crypto ICO, and it’s making significant waves in the Web3 space.
Through the platform, players can engage in crypto staking, where MGLS holders can earn more by contributing towards the staking pool. Statista projected that the meme industry may have a value of $6.1 billion by 2025. Meme Moguls can become a major part of this industry and, as a result, be a dominant force.
Through gameplay achievements and overall participation in the ecosystem, players can unlock unique NFTs. Each one of them will represent rare and valuable digital items. These can give players access to a sense of ownership and collectability. They can be sold or traded on-chain for even more capital gains.
Dogecoin (DOGE) Is Waiting for a Crossover – Bulls Need to Take Control
Dogecoin (DOGE) is currently in a position where it must initiate a recovery rally. It needs to do so in order to climb up the threshold of the consolidation phase. The Dogecoin crypto has to register its breakout over the time-frame chart.
During the past month, it’s only up 10%. The MACD exhibits the phase of the Dogecoin price, where it’s flat above the signal line, waiting for a crossover. Investors need to wait for a directional change over the chart. In the past week, it moved between $0.088 and $0.094. According to the Dogecoin price prediction, if bulls regain control, it can surge to $0.0856 by the end of Q4 2024.
Summary
Aside from Binance and Dogecoin, many are turning their portfolios towards Meme Moguls for diversification. The project has raised over $1 million during the presale so far. During Stage 4 of the presale, MGLS trades at just $0.0027. At launch and following its listing on Tier-1 exchanges, it can grow by 3,500%. These aspects make it the best cryptocurrency to buy.
