Cryptocurrency analyst Matthew Dixon, who uses Elliott Wave Theory to study market trends, made a bullish prediction on the future of Ripple (XRP) prices. The analyst suggested that the crypto could first correct before going up again, possibly reaching a major value point. Alongside it, TRON (TRX) has also been performing well and could soon reach new heights. However, all of the eyes are on Meme Moguls (MGLS), which has seen a major upswing in value and could soon initiate the next market rally.
Ripple (XRP) Can Explode in Value Based on Matthew Dixon Analysis
Ripple (XRP) could soon explode in value. The analysis comes from Matthew Dixon, the CEO of Evai, a fintech and analytics platform, who took to X to share an analysis of where the Ripple price could be headed.
According to the analyst, by looking at the charts, it seems that the Ripple crypto could experience a small drop to $0.50, similar to what happened to Bitcoin before it surged upwards. The analyst also pointed out that despite the ups and downs, the XRP price could be getting steady, suggesting that it’s ready for the next big price change. According to the Ripple price prediction, it can end 2024 at a value of $0.8554.
TRON (TRX) Spikes 80% – Price to Reach $0.1852 by the End of 2024
TRON (TRX) could soon also experience an upswing in its value based on its historical performance, as it showcases a similar pattern. The TRON price is up 80% in the past year, and this could lead to a major upswing for the altcoin as a result of the fueled bullish momentum.
In the past week, the TRON crypto found support at the $0.114 level and could soon move above it. Assuming it breaks past the $0.15 price barrier, according to the TRON price prediction, it can end 2024 at a value of $0.1852.
Meme Moguls (MGLS) Introduces Simulated Trading – Price to 100x at Launch
Meme Moguls (MGLS) is an upcoming Web3 platform that can completely change how users interact in the meme coin space by introducing Play-to-Earn (P2E) elements and will be community-driven.
The Moguls Exchange platform is at the core of the ecosystem and enables anyone to trade meme-based cryptocurrencies. It is powered by the MGLS crypto. It’s the native currency that is used for staking, governance, and in-game opportunities. There’s also Moguls Land, a dedicated Metaverse in which anyone can connect, mine tokens, or even join liquidity pools.
Every player will be able to engage in simulated trading and begin with $100,000 in virtual currency. To better simulate real-world investing, players can commit 20% to a single investment only. However, players are also incentivized to climb up leaderboards to get the best possible reward.
This Ethereum-based altcoin is at Stage 5, where it climbed to $0.0036. While early investors did get 90% ROI, by jumping into the project right now, new investors can have huge gains of 100x based on the latest analyst projections, making MGLS the best cryptocurrency to buy.