Ethereum and Bitcoin are booming after the ETF news. Could meme moguls be your wild card for growth?

Bitcoin (BTC) and Ethereum (ETH) have been major players in the crypto space and have seen meteoric growth in 2021. However, a new player, Meme Moguls (MGLS), is entering the market and wants to take over number one.

Ethereum (ETH) rises 10% after BlackRock filed Ethereum ETF

The following content does not represent the opinion of BeInCrypto and should not be construed as financial advice

The price of Ethereum (ETH) skyrocketed on November 9 after BlackRock filed for an Ethereum-based exchange traded fund (ETF). News of the filing pushed Ethereum past the $2,000 mark.

According to CoinMarketCap, Ethereum price rose over 10% to an intraday high of $2,132.75. Unfortunately, it’s down to $2,101. However, Ethereum technical indicators are still bullish as the price is above the 50- and 200-day EMAs.

Additionally, ETH’s market capitalization also increased by 9.7%, representing a 162% increase in daily trading volume. Meanwhile, Ethereum price recorded 23 out of 30 (77%) green days with a price volatility of 7.47% in the last 30 days.

Bitcoin (BTC): Peter Schiff warns of downturn

On November 9, Bitcoin (BTC) posted huge gains, surpassing $37,000 for the first time in 18 months. This increase was due to Bitcoin news about the approval of 12 different Bitcoin ETFs in the coming week.

However, the price of Bitcoin fell to $36,898.07 on November 10th. While many experts are bullish on Bitcoin, Peter Schiff, the CEO of Euro Pacific Capital, warned of a possible market crash.

In a recent tweet, Schiff said that the recent Bitcoin price surge was due to “speculators” trying to make money on a Bitcoin ETF. Schiff believes this rally may not last long. According to him, once the SEC approves the spot BTC ETF, speculators will quickly sell their ETF holdings.

Meme Moguls (MGLS): The world’s first meme-powered stock market

Moguls like Elon Musk and Warren Buffett have always been a source of inspiration for many. Their achievements have left a huge mark on the world.

One feature that sets Meme Moguls Exchange apart from other trading platforms is its asset rankings. This acts as a motivator and promotes healthy competition among users. The platform has a dedicated community where users can collaborate with other meme enthusiasts.

Currently, the Meme Moguls token is for sale for just $0.0019 and has a lower market cap than Bitcoin and Ethereum.

Disclaimer

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