What you'll learn 👉
TLDR
- Bitcoin ETFs sell-off corrects as Bitcoin price pulls back again.
- Dogecoin gets Coinbase Futures and hits a bullish milestone.
- Analysts fawn over the bullish future for SHIB.
- Milei Moneda is set to join the profits game as $MEDA could be the best crypto for beginners this year.
Bitcoin’s influence on the cryptocurrency market has always been dominant, but this year, some major market trends have arisen from the rise and fall of the top DeFi coin. Only last week, the top altcoins across sectors slightly dipped from Bitcoin’s ETF outflows. Dogecoin (DOGE) and Shiba Inu (SHIB) are retracing their profits as the BTC token pumps right back up.
And they are calling the new meme coin Milei Moneda ($MEDA) to join the party.
Economize Like Milei: Invest in $MEDA!
Bitcoin ETFs Are Back in Business!
Bitcoin’s pump last month followed the approval of the Bitcoin ETFs and their immediate success in the stock market. Last week, however, the nine approved ETFs experienced huge outflows as the BTC price dipped.
Clearly, Bitcoin’s price still plays a huge role in the activity of the Bitcoin ETFs, as interest from traders dropped significantly due to Bitcoin’s price slump. Now that BTC is testing its resistance, the ETFs are getting more inflows and even setting record daily inflows.
Fidelity’s FBTC crossed the $200 million mark for daily inflows, making it the third Bitcoin ETF to cross the record in a single day. BlackRock and Grayscale had crossed the net inflow record earlier in the day, and analysts attribute the inflows to Bitcoin’s pump this week.
Dogecoin Reaches Six Million Active Addresses in Bullish Trend
DOGE has always been a popular token among crypto users. Since 2013, the DOGE token has maintained a blue-chip status in the meme market, rising to and keeping a spot on the top crypto coins throughout the crypto-verse.
But because of its singular use case as a tool for humor, most traders didn’t see the light on Dogecoin until very recently. In fact, we still get the jokes about how DOGE isn’t the best crypto investment and has no ‘intrinsic value.’ But the blockchain says otherwise.
The recent bullish movements have seen Dogecoin reclaim its spot as a top ten cryptocurrency. DOGE recently jumped past Cardano to 8th place with a $30 billion market cap. That’s not all. DOGE reached a milestone of over six million active addresses on its network last week, depicting even more interest in the meme coin than ever before.
Dogecoin’s small price spikes might not seem like much, but they certainly are accumulating. Watch out for DOGE in the next few weeks.
Shiba Inu Price Prediction: Everything Points to Profits!
Another token making its way to the top 10 altcoins list is the Dogecoin killer, Shiba Inu, although the Bitcoin pump might have little to do with this. SHIB has been getting top reviews from analysts, and, of course, a Shiba Inu price surge is in order this year.
That price surge might be due to the effects of SHIB’s burn rate. The rate spiked by 500% last week as Shiba Inu transactions crossed the 400 million mark. Also, there has been some decent SHIB token movement lately; investors are regrouping for a spike back to Shiba Inu’s ATH in 2021 as the Bitcoin halving draws near.
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Show more +And you would, too, if you held SHIB tokens. The expected price surge ranges from the more conservative 40% pump to outright three-digit price spikes. However you look at it, Shiba Inu is one of the altcoins to watch during the ‘alt season.’
The fun part; it’s not the only one.
Milei Moneda: Crashing the Party, Stealing the Show
Yes, the $MEDA token is crashing the altcoin party and doing a fine job of stealing the show presently. It’s all in a day’s work for a meme coin, and Milei Moneda is not your regular meme token.
Milei Moneda is based on a philosophy that sees everyone in the crypto-verse—trader, enthusiast, beginner–get financial autonomy. $MEDA prescribes DeFi as the way to go. With DeFi at the center of cryptocurrency, the wealth is bound to spread to as many users and traders as are active on their respective blockchains.
Milei Moneda will push its agenda for global DeFi policies through memes. $MEDA’s team has gained a significant following on social media platforms, and the token holders–read community members–will spread the word. But they won’t just be spreading jokes and graphics; they will live it.
Life on Milei Moneda’s ecosystem offers benefits to active users. The best governance proposals get incentives, monthly giveaways, and discounts, and every user gets access to trending NFTs you won’t find anywhere else.
How to get in? Luckily, $MEDA’s presale is in Stage 1, and you can buy your tokens for $0.010 each. There’s a guaranteed 100% ROI on them too, as the price will surge to $0.020 when it launches in May.
Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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