Milei Moneda (MEDA) is campaigning for global adoption of DeFi, as its MEDA token presale gains momentum. Ethereum falls drastically under intense sell pressure, while Solana dips.
We are in that lull between two huge events, where everything in the crypto market seems uncertain. Ethereum (ETH) and Solana (SOL) got double-figure price pumps last month following Bitcoin’s spike. Now, the coin rally has ended, more or less, but we have the Bitcoin halving to look forward to, and the top altcoins appear undecided on their price movements.
ETH dipped significantly in the past week as most of its investors cashed in on their ETH profits. Blockchain metrics showed that three investors moved about $95 million worth of ETH tokens to exchanges like Kraken, raking in a combined $39 million in profits. The trend of dipping profits has continued despite a rise in trading volume on the ETH blockchain, as more whales have moved their ETH tokens. Will ETH get to the bullish heights set by analysts after the Bitcoin halving? That remains to be seen.
On the other hand, SOL seems to be in much more uncertainty than Ethereum. SOL entered the top 10 altcoins list with the past altcoin rally, but it has struggled recently. While the executives indicate that the increased failed transactions are not an issue to worry about, the technical indicators on SOL’s trading chart are certainly concerning. Is SOL still a crypto to buy, or do we have to look forward to another?
Well, if you are looking for options, the new coin, Milei Moneda, is tipped as one of the best cryptos on the market currently. The MEDA token is bringing features, and even the trending SOL meme coins aren’t ready for it.
Ethereum vs. Solana
The earliest buyers from Ethereum’s cryptocurrency ICO are waking to shake the market rather heavily. As if the $93 million offload last week wasn’t enough, more whales have joined the sell train on Ethereum.
The investors seem to want to cash in now after accumulating so much profit. The latest sellout was from a dormant wallet that seems to have been holding ETH since the token launched in 2015. TradingView analysts speculate various reasons for the awakening of such a crypto whale, but it is quite early to decide on Ethereum’s future.
Solana’s blockchain recorded a whopping 70% failed transactions in its last seven days of trading. Bots have been discovered to be the cause of the spike in failed transactions, as organic users are still trading normally. But that is not an issue at the moment, as analysts think SOL might dip 20% more before regaining stability.
This prediction comes after SOL lost about 50% of its profits this month. The meme coin frenzy put Solana among the top crypto coins, but its recent woes might see it lose its status as a top ten cryptocurrency to buy this year.
Elsewhere, Milei Moneda is prepping a stellar launch on the side. Here’s more on the meme coin.
The Milei Moneda presale
Many crypto veterans say that the best time to hop on a crypto project is at the launch phase—all the better if the token has a presale. But Milei Moneda offers much more than just presale profits.
Milei Moneda is unlike other meme coins, and its features justify that. Burning MEDA tokens through its deflationary policies is the first step in the direction of long-term profits. For every token that gets spent, the platform burns some of the available tokens to create scarcity and increase the token’s value over time.
Next up is Milei Moneda’s desire for DeFi. Apart from campaigning for global DeFi adoption, MEDA’s community will actively fund DeFi project development on the platform. Milei Moneda is about to integrate smart contracts into its operations; with its social media influence, MEDA’s DeFi apps could take over the market.
The top altcoins have gone quiet after the last coin rally waned. However, Ethereum still seems to be one of the best cryptos to hold. Milei Moneda’s presale is still in Stage 1, exchanging hands for $0.010 per MEDA.
.To learn more about this project, visit the Moneda presale website or Join the community
Read more: Milei Moneda sees investor interest as Solana, Toncoin, surge
