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TLDR
- Bitcoin (BTC) suffers an 8% drop due to the ETF disapproval and intense correction.
- Bitcoin Cash (BCH) has experienced a 23% price drop and its halving event indicates further decline.
- Milei Moneda ($MEDA) is making waves with the upside potential of its ongoing presale.
In recent weeks, Bitcoin (BTC) and Bitcoin Cash (BCH) have been experiencing a downward trend. Meanwhile, investors are turning their attention to Milei Moneda ($MEDA), a new meme coin project inspired by Javier Milei. Let’s look at the details of these trends to find out why this meme coin project is gaining so much traction!
Save like Milei: invest in $MEDA!
Bitcoin (BTC) vs. Bitcoin Cash (BCH)
The correction of the price of Bitcoin (BTC) has recently intensified with the loss of favor from investors by the exchange-traded funds (ETF) listed in the United States. In the third week of March, the best cryptocurrency by market value dropped by over 8%, marking the most significant percentage decrease in a single day since November 9, 2022.
After the difficulties of the BTC price, Bitcoin Cash (BCH) has recorded a 23% decrease in the last week. Once a heavyweight in the world of cryptocurrencies, Bitcoin Cash (BCH) boasted a market capitalization of 31.4 billion dollars, ranking as the third largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH). However, it has since dropped out of the list of top ten cryptocurrencies and, with its halving approaching, experts believe it could fall even further.
Regarding the forecast of the price of Bitcoin (BTC), price projections indicate a bearish sentiment. Considering the loss of favor by investors in US-listed ETFs and the intense price correction, market analysts are uncertain about the short-term price prospects of Bitcoin (BTC). And what BTC does, usually follows BCH. Nevertheless, cryptocurrency investors and enthusiasts are closely watching the tokens as the Bitcoin halving event approaches.
Cryptocurrency news: playful meme coin Milei Moneda ($MEDA) steals the spotlight in DeFi
While the market awaits the next move of Bitcoin Cash (BCH) and Bitcoin (BTC), investors are flocking to Milei Moneda ($MEDA), a cryptocurrency born from the playful parody inspired by Javier Milei. Mixing humor, politics, and blockchain technology with a touch of anarcho-capitalism, Milei Moneda ($MEDA) has quickly emerged as one of the best DeFi projects of 2024.
To consolidate the status of $MEDA as a cryptocurrency investment opportunity is its enthusiastic community, which actively engages in governance and voting. With the ongoing presale, investors are seizing the opportunity to grab $MEDA tokens at an attractive price of only 0.010 $ in phase 1 of the presale.
With the highly anticipated launch on Uniswap approaching, scheduled for May 21, investors are ready to reap significant rewards. Given the expected price of the DeFi cryptocurrency at launch at $0.020, Milei Moneda ($MEDA) presale investors can expect a 100% return on investment. This bullish outlook has caused investors to flock and close in, closely watching the journey of the $MEDA presale.
Conclusion
Bitcoin (BTC) and Bitcoin Cash (BCH) data are down, investors are looking for new opportunities and Milei Moneda ($MEDA) seems to be the best choice. As the meme coin project continues to ride the wave of enthusiasm from its presale, the cryptocurrency community is closely watching how $MEDA positions itself among the best cryptocurrencies on the market.
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*This article has been paid for. Cryptonomist did not write the article nor test the platform.
