Cosmos (ATOM) and VeChain (VET) are both showcasing volatility on the charts and could soon initiate a new market rally, or could result in massive dips. But they are not alone as an upcoming project, Meme Moguls (MGLS) has taken the Web3 space by storm with its monumental presale momentum. Today, we dive into the price performance of all three to determine which one can climb on top.
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Cosmos (ATOM) Enters Overbought Zone – Can It Surge Above $17?
Cosmos (ATOM) is seeing an uncertain level of momentum on the chart and is forming new patterns on the chart. While it’s under the 20-day, 50-day, and 100-day EMA, the buyers are holding onto the 200-day EMA for the Cosmos crypto. If this breaks, a big drop is likely to occur depending on the selling pressure. The price could fall more and even hit the demand zone through this flow.
The MACD and the signal line are both under the zero line and have widely crossed each other. The histogram gap is also wide in the MACD oscillator. This could be an indication that the value is going down. The RSI value is around 40 points for the Cosmos price, which points under the middle line. This means that the price will soon be nearing the overbought zone. According to the Cosmos price prediction, however, it can end 2024 at a value of $17.18.
VeChain (VET) Faces Rejection at the Upper Trendline – Is a Breach of $0.05 Possible?
VeChain (VET) took a sharp rejection from the upper trendline and even broke the 20-day EMA. Moreover, its price was heading toward the SMA line, and its MACD breached the middle line. This resulted in downward momentum below the signal line, where the VeChain price demonstrated bearishness on the chart.
As a result, the crypto is now on the verge of a breakdown. This registers when the VeChain crypto is below the key moving averages. Buyers are still however accumulating the crypto and are defending it from the support line. While the RSI showcases sellers’ presence, the price can recover. According to the VeChain price prediction, this altcoin can end 2024 with a value of $0.0523.
Meme Moguls (MGLS) to Redefine the Trading Space and Offer High ROI Opportunities
Meme Moguls (MGLS) will feature an ecosystem where players can learn how to invest. In the process, players can improve their trading strategies and reach new levels of trading.
This is a Play-to-Earn (P2E) environment where anyone can start with $100,000 in virtual currency.
Only 20% can be used per trade in order to better simulate real-world investing.
These can be turned into cashable returns. At the center of it all is the MGLS crypto. It will offer utility and will be used as the in-game currency.
Players can utilize it for governance, but it can also be staked to provide them with passive income opportunities.
As a result of all of these aspects, it is seen as the best altcoin to get. During Stage 4 of the presale, MGLS trades at $0.0027, and analysts project an 80x upswing following its launch.
Summary
Cosmos and VeChain are both showing uncertainty on the charts, which has left investors worried. However, the Meme Moguls blockchain ICO is an appealing alternative due to its high growth potential. There are also currently $10,000 in rewards up for grabs through its X (Twitter) social media page, which marks this as one of the best points in time to accumulate the crypto.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.