The post How High Can $MEDA Go Amid Meme Coin Hype? Being a Meme Coin Contender to FLOKI and PEPE appeared first on Coinpedia Fintech News
TLDR
Milei Moneda ($MEDA) is primed to capture the meme coin hype with its successful presale. FLOKI’s price could decline to $0.0001142 by April 28. PEPE’s price could drop to $0.0000046 before the end of April.While FLOKI and PEPE prices continue to slide amid the ongoing crypto market downturn, investors are looking for the next big meme coin opportunities. Milei Moneda ($MEDA) is emerging as a top contender through its successful presale rounds. With its launch imminent, analysts believe ($MEDA) has the potential to surge well past the current price levels of these top altcoins if the hype continues to build. But can ($MEDA) live up to the hype? Find the details below!
Economize Like Milei: Invest in $MEDA!
Milei Moneda’s Meteoric Rise Amid Meme Coin Frenzy
As the meme coin hype continues to sweep through the market, all eyes are on Milei Moneda ($MEDA) as it emerges as a formidable contender to popular meme coins like FLOKI and PEPE. With its renegade approach and alignment with the principles of decentralized finance (DeFi), Milei Moneda sets itself apart by championing an open market economy that respects individual decisions.
As an Ethereum network-based token, Milei Moneda leverages the advantages of the blockchain while ensuring a locked liquidity configuration. By boasting a total supply of 500,000,000 tokens, the distribution of $MEDA is divided as follows: 60% for public access, 15% for liquidity, 15% for marketing and rewards, 5% to be burned, and 5% for airdrop campaigns.
Having successfully sold out Stage 1 of its presale, Milei Moneda finds itself in Stage 2. Trading at an altcoin price of $0.0125, the excitement is palpable among investors. The imminent launch on Uniswap at $0.020 is projected to trigger a remarkable 60% increase for Stage 2 presale investors. This initial surge is anticipated to be just the beginning, as Milei Moneda is expected to witness a 100x surge when it becomes available on various exchanges.
FLOKI Volatility Intensifies as Prices Continue to Fall
Over the past month, the price of FLOKI has dropped significantly amid the recent broader market pullback. In just the past week, FLOKI declined over 15% as its crypto market cap fell roughly 18%.
Although FLOKI was up over 300% year-to-date, the short-term outlook has turned bearish. This is evidenced by FLOKI’s relative strength index (RSI) dropping below its 14-day simple moving average, followed by a decline below the key 50 level – indicating weakening price momentum.
Given the current market sentiment surrounding FLOKI, analysts expect further price decreases in the near future. Based on their projections, the price of FLOKI could fall to $0.0001142 by April 28 if the bearish momentum continues.
Bearish Sentiment Surrounds PEPE as Prices Plummet
After experiencing impressive growth for the first few months of the year, PEPE has been on a downward trajectory since reaching a new all-time high (ATH) in March. Over the past 30 days, the price of PEPE has declined by more than 25%, with a further drop of over 10% occurring in the last week.
This decline has had a significant impact on PEPE’s market cap as well, with a 10% decrease observed. The number of active addresses associated with PEPE has dwindled from 18,000 to just 2,383 within the past month. Additionally, the open interest in PEPE futures has seen a rapid decline from $126 million to $76 million during the same period.
Given these downward trends, many crypto market analysts are forecasting that the PEPE price will continue to drop further in the near future. Their predictions estimate that by April 28, PEPE could reach as low as $0.0000046 per coin.
Summary
With FLOKI and PEPE losing their luster as dominant meme coins, Milei Moneda ($MEDA) seems poised to capitalize on the growing hype in the sector. Its strong community backing and presale success indicate high enthusiasm that could catapult its price to new heights.
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