Investing.com | Editor Hari G
Published Nov 13, 2023 08:57AM ET
NEW YORK - The cryptocurrency market is buzzing with anticipation as Google (NASDAQ:GOOGL) Bard's latest forecast projects significant growth for popular digital currencies Dogecoin (DOGE) and Ethereum (ETH), as well as the emerging platform Meme Moguls (MGLS).
Dogecoin, the meme-inspired cryptocurrency, has seen a remarkable 24.7% price increase over the past month. In just the last week, Dogecoin's value climbed from $0.067197 to $0.077401, bolstering its market capitalization to an impressive $10.39 billion. Google Bard's algorithms have further projected that Dogecoin could reach a price point of $0.098 by the end of 2023.
Ethereum, a leading blockchain platform known for its smart contract functionality, has witnessed a substantial 162% surge in trading volume recently. This influx of trading activity has driven Ethereum's price up from $1,786.18 to $2,128.61 within a week, pushing its market cap to over $252 billion. According to Google Bard's forecast, Ethereum's price is expected to continue its upward trajectory, potentially reaching $2,335.71 by the close of 2023.
Adding to the excitement is the beta presale of Meme Moguls, an innovative platform that integrates a meme-backed stock market and exchange with various gameplay elements in its ecosystem. Currently trading at $0.0019 during its beta presale stage, MGLS token has caught the attention of investors with Google Bard predicting a staggering 1,000% price increase by the end of the presale period.
Crypto whales and investors are closely monitoring these developments as Google Bard's predictions have historically influenced market sentiments and investment strategies within the dynamic world of cryptocurrencies.
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Written By: Investing.com
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