The market downturn has hit Solana (SOL) and Avalanche (AVAX). However, both cryptos have slightly recovered, posting gains over the past week. However, a new coin, Milei Moneda ($MEDA), is on a whole different level, as it promises huge returns on investment.
Due to the market downturn, Solana lost 26.8% of its value over the past month. However, SOL has slightly recovered on the weekly chart, posting a gain of 16.5%. SOL’s rebound is linked to the recent Bitcoin halving and the easing tensions in the Middle East.
Recently, Solana’s price dropped again, which could be linked to several reasons. These include President Joe Biden’s proposed 44.6% tax on capital gains, which has affected investor sentiment. Additionally, the reduced inflows to spot Bitcoin ETF is another factor that contributed to the recent general downturn observed in the crypto market.
Furthermore, this drop in SOL price is seen in most assets, and meme coins are losing previous gains. However, Solana is bullish, and crypto experts believe SOL can bounce back to being one of the top crypto coins.
Over the past month, AVAX dipped 41.2% but has recovered slightly on the weekly chart, rising 11.6% in value. Recently, CoinDesk announced that Homium, a real-estate equity mortgage leader, had begun offering home equity loans in Avalanche.
This move works with the efforts of Avalanche to get actively involved in real-world asset (RWA) tokenization sub-niche, and Homium’s coming could make the network a leader in the RWA sub-niche.
Since the loans went live, Avalanche has gained 11.8%, and analysts believe that the interest created by this development may have pumped AVAX’s price. They further revealed that AVAX could surge to hit $50 by the year’s end if investor interest is sustained.
With new contenders challenging established meme coin projects, Milei Moneda has been able to set itself apart. Milei Moneda has emerged as a prominent meme coin, drawing the attention of savvy investors with its impressive ongoing presale.
Milei Moneda aims to transform the meme coin landscape via its innovative solutions. $MEDA offers investors the possibility of capital appreciation and opportunities to earn rewards through staking. Hodlers can stake $MEDA tokens to earn NFTs while enjoying other benefits like access to discounts and monthly giveaways.
With its growing ecosystem and high scalability, Milei Moneda is poised to outperform other meme coins. Furthermore, $MEDA has gained attention for its vibrant community and high throughput. Well-positioned as the best cryptocurrency to invest in, $MEDA offers high-growth opportunities for investors.
Initially priced at $0.010 in Stage 1 of its presale, Milei Moneda has increased to $0.0125 in Stage 2. The ongoing presale outperformed investors’ expectations as more than 65 million $MEDA tokens have been sold.
Upon its launch on May 21, 2024, Milei Moneda promises to generate 100% returns for individuals who purchased its tokens in Stage 1 and 60% for those who will participate in Stage 2 of its presale.
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