Bitcoin Whale Shifts to ETH as DOGE Struggles
Recently, a Bitcoin whale converted to Ethereum (ETH), sending investor confidence through the roof. Meanwhile, Dogecoin (DOGE) has been struggling with a pretty bearish setup.
But the meme coin space might finally recover, as a newcomer, Moonshot MAGAX, will continue to attract early buyers with bold growth predictions. Analysts are expecting a 166x ROI for this new coin, and its presale is progressing with impressive speed.
BTC Whale Converts to ETH and Boosts Investor Confidence
A mysterious Bitcoin OG just made an aggressive pivot towards Ethereum. On September 1, blockchain data revealed that the whale sold 2,000 BTC, which is worth about $215 million, and then converted the funds into 48,942 ETH at spot prices.
This latest move has raised the whale’s total Ethereum stash to a whopping 886,371 ETH, valued at over $4.07 billion. In fact, about $1 billion in ETH purchases occurred over the weekend alone, showing the investor’s bullish stance.
Analysts are saying that this large-scale accumulation is an effort to take advantage of institutional inflows, especially as industry leaders like Consensys founder Joseph Lubin predicted that ETH’s market base could expand 100x. If Ethereum holds above $4,360, experts suggest buyers could push it toward $4,750, and it could finally hit the long-awaited $5,000 mark.
DOGE Forms a Bearish Signal That Disappoints Traders
Dogecoin, meanwhile, has been facing bearish signals. It formed a weak setup on the Ichimoku chart while consolidating within a symmetrical triangle. DOGE is currently trading at $0.2164, down 0.24% in the past 24 hours and 0.92% over the week.
According to technical indicators, DOGE isn’t going to have another bull run anytime soon. As there’s flat momentum. Analysts have pointed to $0.23 as the breakout level, and breaching it could cause short-term growth.
Moonshot MAGAX Aims for 166x ROI Post Listing
As established tokens consolidate, Moonshot MAGAX is a new meme coin drawing attention with its ambitious growth predictions. Analysts predict that MAGAX could deliver a 166x ROI after public listing, especially with its meme-to-earn ecosystem and community-focused incentives.
The ecosystem makes use of Loomint AI to reward meme creators and viral promoters, ensuring that they get compensation for their content. MAGAX brilliantly combines blockchain innovation with meme culture. All token holders can stake MAGAX for long-term rewards and participate in the governance of the ecosystem.
MAGAX is still in its early stages, making the 166x ROI more realistic than with other coins like ETH, which already have a massive market capitalization.
MAGAX Presale Speed Attracts More Investors
Stage 1 of the MAGAX presale has already raised $52,483 of its $54,000 target, placing it over 90% complete. Early investors are rushing to secure tokens at the lowest price before Stage 2 launches with a slightly higher cost.
By combining AI-driven meme creation, staking incentives, and decentralized participation, MAGAX is a standout in the meme coin sector. As long as adoption grows as projected, analysts suggest that the token could be one of the breakout performers in crypto today.
Be part of the Moonshot Magax Presale Community:
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