Both Ethereum (ETH) and Dogecoin (DOGE) saw an increase in their value and trading volume during the past week, signifying major market momentum.
As a result, many traders in the industry have begun accumulating this cryptos due to their high-ROI opportunities. This article will tackle the potential price upswing both of them can experience in the upcoming months to determine if they are worth getting in Q4 of 2023.
The Ethereum (ETH) price recently exceeded the $2,000 price barrier, and this spike can be attributed to BlackRock’s ETF interest alongside the Blast Network launch.
Blast is an Ethereum Layer 2 network, and enthusiasts quickly showcased interest in the project by bridging over $230 million worth of ETH crypto and stablecoins onto the platform following its launch.
This major Ethereum network activity, coupled with the interest in the BlackRock ETF, led to an increase in trading volume. As a result, ETH moved up in value from a low point of $1,918.55 to a high point of $2,108.59.
Dogecoin (DOGE) is up 18.3% in the past month and has remained the 10th largest crypto in terms of market cap at $11,011,027,560. The current DOGE indicators have begun to draw strength, pointing towards further potential rises over the upcoming week.
The RSI has risen from under 50 and is now on course to reach 60. There is also a lot of room for further increases before the Dogecoin crypto hits the overbought territory once again. The meme coin’s 30-day average continues to experience an upswing above the 200-day point, reinforcing the possibility of an upward cycle moving forward. The current Dogecoin support level also bolsters this view and provides the token with higher bases from which it can mount new rallies.
Data from Whale Alert also suggests that whales are also transferring DOGE to and from exchanges.
Amplifying the Investment Opportunities
While both Ethereum and Dogecoin are fighting for massive growth, Meme Moguls also represents a solid opportunity for those who jump into it early.
The platform will feature a play-to-earn (P2E) experience through which anyone can monetize their time. They can climb up leaderboards and engage in the Take and Earn program, where they can stake their balance in the pool and get rewards based on the amount staked and the annual returns of the pool.
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