Cryptocurrency News Signals Bullrun Coming, Community Buy-up These 3 Cryptos – XRP, Meme Moguls, Shiba Inu
It’s always tempting to jump into crypto when the market is going up, but the very best time is when the market is bullish but is experiencing a minor correction or retracement. The exception to this rule is for coins that are in presale, as they have nowhere to go but up, until the coin launches on DEXes and CEXes.
XRP spot ETF news turns out to be fake
The crypto market saw a retracement after the news that the filing for an XRP spot ETF by BlackRock was fact done by imposters. Crypto lawyer Jeremy Hogan explained on X how easy it is to fraudulently spoof an application:
Blackrock have confirmed that the XRP application was not by them and this led to the retracement. However, just hours later, at the time of writing, many cryptocurrencies, including Bitcoin and XRP, are back in the green. This suggests that market optimism is still high and traders are buying the dip.
The optimism seems to be fueled by the (genuine) Blackrock Bitcoin Spot ETF application, and the suite of other Bitcoin and Ethereum applications that followed. Why? Because what Blackrock wants, Blackrock gets. In this case, the approval of these ETFs will allow for a large amount of institutional money to flow into the cryptocurrency market. It will also signal the start of large-scale adoption of crypto, which is bullish for the market, and XRP in particular, since XRP is going to be used by the traditional banking system.
XRP is currently trading at $0.066 up by 84% on the yearly chart, and 5%3 on the monthly.
Shiba Inu goes from strength to strength
There’s been so much bullish Shiba Inu news recently that it’s hard to know where to start. Perhaps with the online newspaper “The Shib”, which is not only entertaining and offers free NFTs of their covers for the first subscribers (which were fully minted just hours after publication) but also pushes forward the integration of blockchain with everyday life, since when subscribing to the publication, you are given a Shibarium wallet.
We could also talk about Shiba Inu’s charitable partnership with famous Philipino boxer Manny Pacquiao, or the fact that the Shiba Inu burn rate is higher than ever. Or maybe, the fact that the Shibarium is seeing the highest level of activity since its launch earlier this year, with the number of Shiba Inu wallets greater than ever before. And how about the news that Shiba Inu is up by over 22% on the monthly chart?
Still, the Shibarmy Scam Alerts account issues a note of caution, not about the price, but about the importance of checking for official links when connecting to “The Shib” or anything else to do with Shiba Inu, since scammers have impersonated the online zine.
Shiba Inu is currently changing hands at $0.00000858.
Can Meme Moguls capture the Bull?
With Shiba Inu, Pepe, and Doge posting impressive gains this month, what’s next for the memecoin industry? Insiders are pointing to a new coin called MGLS, or Meme Moguls, which is currently in phase one of the presale at $0.00019.
Meme Moguls connects the world of memes with business magnates such as Elon Musk and Warren Buffett in a play-to-earn game. But it will also serve as a decentralized exchange where people will be able to trade memecoins and NFTs of memes easily, and in a fun and engaging way.
There are so many ways to earn, participate, and play in the Meme Moguls project, and a leaderboard means those with a competitive spirit will be inspired to outperform other traders.
But before the platform even goes live, the play is to buy the $MGLS token and watch it rise by 1000% in the presale. As each stage is completed, the price will go up, and there will be a $10,000 giveaway at the end of each stage.
The coin is slated to go live at the end of Q4, on various CEXes and DEXes, just in time for Christmas and the rapidly accelerating bull market ahead.
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