What you'll learn 👉
TLDR
- Investors see Milei Moneda ($MEDA) as a good crypto to buy because of certain gains.
- Increased interest in Dogecoin (DOGE) is offset by unfavorable market conditions.
- Whale action halts the recent Shiba Inu (SHIB) dip, but how long will that last?
As interest in meme coins increases, Milei Moneda stands out as the best new crypto to invest in for mainly reasons, but mainly because of its presale profits. Meanwhile, speculations about Dogecoin’s (DOGE) role on X are on the rise again. At the same time, big investors seem to be stocking up on Shiba Inu (SHIB).
How much do investors stand to gain from investing in Milei Moneda? And how has the news above affected Dogecoin’s and Shiba Inu’s prices? Let’s find out!
Economize Like Milei: Invest in $MEDA!
Milei Moneda’s Presale Guarantees Profits for Investors
Milei Moneda is a new and unique meme coin that goes beyond traditional meme coin humor. It infuses radical political and economic ideas, taking its cue from the anarcho-capitalism of Argentina’s president and crypto proponent, Javier Milei.
Another aspect that makes Milei Moneda attractive is its ongoing presale. The presale is in Stage 2, and $MEDA sells for $0.0125. Investors who got in at Stage 1 have already locked in a 25% profit. Similarly, Stage 2 investors will gain 60% of their initial investment when the project launches.
Furthermore, $MEDA is a deflationary token. 5% of its 500 million supply will be burned, creating scarcity. Analysts say reducing supply in a bull market could drive $MEDA up 100x before long. Another reason why the 100x projection is so attainable is the recent meme coin craze that’s been going on in the market. Namely, according to IntoTheBlock, the number of addresses holding meme coins for less than thirty days has hit a record high, signaling the massive interest in meme coins from the market.
In addition, Milei Moneda boasts a vibrant community on X, Discord, and Reddit. Community members interact with each other, participate in Q&A sessions, and win giveaways. They also get rewarded for quality proposals.
Finally, smart contract audits, locked liquidity, and zero team allocations protect investors’ funds.
All these features and benefits explain why investors have immense FOMO on $MEDA.
Economize Like Milei: Invest in $MEDA!
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Show more +Speculation Arises as X Gets Additional Payment Licenses
On March 27, 2024, a Dogecoin influencer on X, Mishaboar, revealed that X was close to bagging money transmitter licenses in California and New York.
When news regarding X’s payment platform came up previously, Dogecoin (DOGE) had seen increased interest because of Elon Musk’s connections to the meme coin. Musk’s car company, Telsa, accepts DOGE payments, fueling the expectation that the cryptocurrency will feature on X payment’s platform.
This increased speculation showed in the increase of Dogecoin’s trading volume from $3 billion to $7 billion within 24 hours.
Similarly, DOGE’s price also gained 22.2%, rising from $0.18 to $0.22 two days after Mishaboar’s announcement. However, the prevalent bear sentiment pervading the market has swiftly taken DOGE’s price back down to $0.18.
Analysts say Dogecoin could fall to $0.15 if the price correction persists.
Whales Withdraw 184 Billion SHIB From Exchanges
On April 4, 2024, it was noted that three new wallets withdrew 184 billion SHIB from Binance and Coinbase. The total value of these transactions stood at $4.9 million at the time.
Analysts explain that this move could be caused by whales holding on to their SHIB holdings as prices fell. However, other analysts say it could be the exchanges moving their Shiba Inu tokens around.
Whatever the true situation is, this move helps reduce Shiba Inu sell pressure and might slow the ongoing price correction. Consequently, SHIB’s price has increased from $0.000026 to $0.000027 since the report, a 3% gain.
Analysts also predict that Shiba Inu could pump to $0.000128 in the next phase of the 2024 bull market.
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