What you'll learn 👉
TLDR
- Investors bet big on Milei Moneda’s ($MEDA) presale.
- Uniswap (UNI) declined by 15% this week.
- Bonk (BONK) is projected to plunge by 20% in the coming week.
Top crypto coins like Uniswap and BONK have registered double-digit losses over the week as the crypto market continues bleeding. Consequently, many investors are migrating to Milei Moneda, which has surged 25% so far during its ongoing public presale. Eager to discover Milei Moneda’s potential for recouping losses and its ability to outpace top altcoins like UNI and BONK? Keep reading to uncover the answers.
Economize Like Milei: Invest in $MEDA!
Uniswap Plummets Amid Regulatory Concerns
Recent on-chain metrics revealed that sell orders for Uniswap’s native token, UNI, have surpassed current active market demand. Consequently, Uniswap has suffered a staggering $1.3 billion loss in its crypto market cap, with UNI’s price plummeting by 15% this week.
This bearish trajectory is partly due to substantial selling pressure from large holders, a response to the recent issuance of a Wells Notice by the SEC to Uniswap Labs, further exacerbated by the broader market decline since the beginning of the month.
Interestingly, UNI’s trading volume has spiked, hitting a significant milestone of $250 billion on its Layer-2 platforms like Arbitrum, Polygon, Optimism, and Base. Yet, despite this surge in trading activity, UNI failed to see a significant price increase, with the coin projected to experience an additional 10% decline in the coming week.
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Show more +Bonk Violates March’s Support
BONK’s performance this month has been dismal, with a 12% slump this week. The coin saw a surge in interest on April 8, after AllDomains announced that the number of registered LetsBONK domain names had exceeded 10,000.
This milestone briefly caused a 9% pump in BONK’s price, but the excitement quickly faded, resulting in a 51% plunge that week, with losses spilling over into the current week. Additionally, BONK has breached the support zone from which it rallied to its ATH in March.
Crypto analysts foresee further downward pressure on BONK’s price in the coming week, as its next support level sits approximately 20% below its current price.
Milei Moneda Fosters Investor Confidence
Several factors contribute to the growing investor confidence in the Milei Moneda presale. Firstly, the opportunity to enter at an early stage provides investors with the potential for significant gains as the project progresses. Specifically, $MEDA tokens are projected to trade at a DeFi coin price of $0.015 in the upcoming Stage 3, representing a 19% increase from the current Stage 2 price of $0.0125.
Milei Moneda’s tokenomics also features a transparent distribution of $MEDA’s total supply of 500,000,000 tokens, with a whopping 15% allocated to community rewards. This approach not only fosters investor confidence in their investment choices but also motivates them to advocate for Milei Moneda’s mission, fueled by the promise of enticing incentives.
Additionally, the upcoming Uniswap launch of Milei Moneda, which is scheduled for May 21, has further spiked investors’ interest as this event will mark a crucial milestone in the Milei Moneda ecosystem. The value of $MEDA tokens is projected to trade at an altcoin price of $0.020 at launch, potentially yielding a 60% return for investors who get in now.
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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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