TLDR
- Bitcoin could be going in for yet another price consolidation before the halving event in April.
- Milei Moneda is one of the altcoins to watch for profits in 2024.
The recent altcoin rally in the cryptocurrency, courtesy of the Bitcoin (BTC) price surge, has seen the best altcoins respond with price actions of their own. However, BTC volatility has resulted in liquidations, as traders want to cash in their profits as quickly as they can. Meanwhile, Milei Moneda ($MEDA) is prepping long-term profits for interested buyers. More on the meme coin in a bit.
Economize Like Milei: Invest in $MEDA!
Bitcoin: BTC Rally Might Take Yet Another Pit Stop
Bitcoin has been on quite the roll in 2024, starting the year on the back of its ETF approval news. Next, the BTC token had its four-year halving to look forward to, and the crypto-verse has been in virtual chaos ever since.
BTC climbed to its ATH early in March. However, many analysts state that Bitcoin is underperforming compared to what we have been used to from previous halvings. Econometrics shared on Twitter/X that BTC is supposed to be worth more than $100,000 if the previous halving trends were anything to go by.
Even more concerning is the recent trend of Bitcoin liquidation that has hit the market. Over $300 million of the top crypto coins have been liquidated in the past week. Apparently, scalper traders are working hard to take their profits before any price correction cancels their profits out.
At this rate, a price correction is inevitable, even if it won’t be as steep as the last two. So, your BTC deposits could still turn out to be your best crypto investment this year.
But there’s one more token that might be challenging the top DeFi coins. Milei Moneda‘s on the way!
Milei Moneda To Give a New Meaning to Meme Culture
Profits are the language of crypto traders, and Milei Moneda is plotting a sustainable protocol to ensure constant profits for the long term. Short-term traders are also in for quite the bang, but we’ll get to that in a bit.
Meme culture in the crypto-verse is dying out, as many meme coins are only heard of during altcoin rallies. The top performers, Dogecoin and Shiba Inu, are the only ones that offer significant challenges to the best DeFi projects. Essentially, meme coins’ reputation has fallen in recent years, and experts believe that Milei Moneda can set things right.
Milei Moneda centers on influencing government policies to adopt digital currencies and economic freedom for citizens. Javier Milei is the face of the $MEDA token, as the meme coin intends to follow the politician’s outspoken support for cryptocurrency in Argentina.
Milei Moneda is a big fan of DeFi policies, as the developers behind the project believe that they are key to economic freedom. As a result, Milei Moneda’s community will be the definition of DeFi. Members will participate in community events, suggest possible features to develop the project and vote to approve the best DeFi project.
Its developers have stated that the smart contracts will soon be audited, and we could soon see DeFi operations hit the $MEDA community. $MEDA is also deflationary, ensuring that the value of the token keeps rising and offering profits to long-term investors.
There are many goodies to gain from $MEDA, and it all starts with buying some tokens. You can join the cryptocurrency ICO now and get your $MEDA tokens for $0.010 to secure 100% profits by mid-year.
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