Milei Moneda ($MEDA) grows stronger as investors start reaping presale profits. Meanwhile, XRP’s prices remain down as Ripple’s battle with the US SEC intensifies. On the other hand, negative DeFi statistics and other developments hold SUI back. Let’s discuss these developments more!
Milei Moneda has recently caught the eye of crypto experts because of its massive presale gains. The project’s presale is currently in Stage 3, with $MEDA selling for $0.015.
It is already off to a flier as Stage 1 investors have made a 50% profit. Investors who get in at Stage 3 will also earn a 33% profit when $MEDA launches at $0.020 on May 21, 2024. Meanwhile, Stage 1 investors will gain 2x their initial investments at launch.
Investors can continue to make more profit after the launch. That’s because five per cent of $MEDA’s fixed supply of 500 million will be burned, creating scarcity.
In addition to profits, $MEDA investors become a part of Milei Moneda’s community on Discord, X, and Reddit. Other benefits of holding $MEDA are access to exclusive NFT collections, voting rights, discounts, and NFT staking rewards.
Furthermore, investors’ funds are protected through locked liquidity, smart contract audits, and zero team allocations. That’s why investors are moving funds to the new meme coin.
XRP has endured a rollercoaster year. The token has been affected by the events of the US SEC’s lawsuit against Ripple Labs. That’s why XRP has increased a relatively low 20% in the past year, despite rising past $0.80 after a preliminary judgment in Ripple’s favour.
With the lawsuit on the front burner again, XRP has taken another hit in the past month. The token has lost 16% in this period. Meanwhile, the SEC is currently seeking a $876 million disgorgement injunction against Ripple. The regulator claims that institutional investors lost their money because of Ripple’s actions.
Analysts say the final judgment could come in September. They also add that XRP could fall to $0.32 during the current instalment of the lawsuit.
Sui has been one of the worst-performing altcoins in the past 12 months. The Sui token is down 14% from a year ago despite most other cryptos gaining ground in the same period.
The token initially surged during the last rally, but a market-wide slump eroded all the gains. Moreover, SUI’s situation worsens because of falling TVL figures. The network’s TVL has fallen from a peak of $736.69 million to $631.79 million currently.
The network is also unlocking 999 million tokens, worth around $1 billion, by the end of the month. These two developments have contributed to SUI’s 41% price slump in the past 30 days.
Analysts now say Sui could further fall to $0.997 in the run-up to the token unlock due to an increase in the token supply.
Experts highlight that Milei Moneda’s massive presale profits and other exciting perks make it the best crypto investment. On the other hand, XRP’s fate hangs on the outcome of the Ripple v SEC case. Moreover, multiple issues are converging to erode SUI’s gains and send it below $1.
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