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Ethereum Investors Are at the Crossroads Between Milei Moneda and Dogecoin: Which Promises More Profit?
As the crypto market begins to warm up to a potential post-Bitcoin halving rally, Ethereum (ETH) is struggling to get going. To avoid missing out on the big price increase and save their portfolios, Ethereum investors may now be considering other altcoins. Dogecoin (DOGE) and new cryptocurrency ICO Milei Moneda ($MEDA) are claimed as two of the altcoins currently available for purchase.
Although it is often compared to Bitcoin, Ethereum's recent performance has not been as impressive as Bitcoin. Like many altcoins, ETH experienced a massive rise in March, but still failed to surpass its two-year ATH.
Although ETH is 31% above its year-opening price, the coin is currently trading 38% below its ATH. Having lost 14% of their #ETH holdings last month, Ethereum investors are now looking for other top cryptocurrencies.
Anyone with knowledge of the crypto markets knows that meme coins are the place for big price pumps. Dogecoin maintains its leadership in the meme coin industry and continues its post-Bitcoin halving momentum.
Additionally, the April 20, 2024 Doge Day event created some excitement about Dogecoin, ultimately leading to a pump in the #DOGE altcoin price. Even though Dogecoin experienced a price drop last week, the coin is back and ready to go.
DOGE is having a good year. YTD growth is currently at 50% and with steady uptrends over the past few days, it is only a matter of time before the Dogecoin pump is in full swing.
Meme coins have become famous for their impressive price growth trends, and Milei Moneda is allegedly aiming to continue this trend with one of the new ICOs currently on the market.
The meme is the 'pump and dump' culture that has tainted the cryptocurrency industry. Milei Moneda has securely secured 15% of the 500,000,000 $MEDA token supply in liquidity, according to the team's statement.
