An important Federal Reserve official Christopher Waller has hinted at the prospect of an interest rate reduction. A move like that would cause a strong bullish move in the cryptocurrency market. For huge returns, analysts have urged traders to keep an eye on Chainlink and Pepe.
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Chainlink (LINK) Witnessed Over 2,600 Whale Transactions in 2023
Chainlink (LINK) has experienced a substantial upswing in whale interest this week. On November 29, Ali Martinez, a prominent analyst posted a Santiment chart highlighting the development.
In a recent post, Martinez mentioned that the altcoin experienced its biggest increase in whale transactions for the year. Over 2,600 whale transactions were conducted, each worth over $100,000.
Normally, when there is a strong interest from crypto whales, it is seen as a positive sign for an asset's price. This is because it indicates a high level of confidence in its potential.
The recent news comes after the crypto analyst weighed in on the Chainlink price movement. Last week, Martinez predicted that Chainlink coin could retest the breakout zone at the $14 mark and then pump to $20.
Pepe (PEPE) Traders Hoping for a Miracle
Pepe (PEPE) meme coin soared on the well-known "Pepe The Frog" meme after its April launch. Pepe's market cap reached a billion dollars, showcasing its strength before dropping in the following months.
CoinMarketCap data showed the Pepe coin price traded between $0.00000105 and $0.00000118 in November. Traders remained optimistic as the price of meme coins could change overnight.
$PEPE would need a major change in the market like a reduced Interest rate to push a recovery. According to an expert's Pepe Coin price prediction, the price of Pepe Coin is predicted to pump 10.11% to touch $ 0.000001178.
Meme Moguls (MGLS); Trade Top Meme Inspired Assets
Given the bearish sentiment of the Pepe crypto, traders are now moving to new meme coins with utility. One such meme coin is Meme Moguls (MGLS). The project has built the first stock exchange platform to facilitate meme and meme-related asset trading.
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As memes continue to rise in prominence, Meme Moguls has offered users a gateway to trade memes and immerse themselves in this culture. The platform will feature an Exchange Trading Platform where traders can exchange memes. Also, they could access the latest meme trends and acquire knowledge about effective meme trading strategies.
Meme Moguls has provided a platform for users to exchange and trade meme coins and meme-inspired assets. There will be a meme exchange platform where users can get access to the newest meme trends and learn about profitable meme trading techniques.
The Moguls Casino, where players may enjoy a range of games like Blackjack and Poker, is an exciting addition to the ecosystem. Users can use MGLS tokens to purchase items in order to take part in games and activities within the Moguls Casino. This innovative idea has drawn more and more users for a number of reasons.
The project has successfully raised over 250,000 USDT in funding. The beta stage of the project sold out within just one week. The project has entered the first stage of its presale, and the tokens can be acquired at $0.0021.
For more information about the Meme Moguls (MGLS) presale:
Website: https://mememoguls.com/
Buy presale: https://app.mememoguls.com/sign-up
Twitter: https://twitter.com/meme_moguls
