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As Cardano developers ramp up activity amid ADA’s decline, SOL makes a comeback fueled by meme coins, while investors gravitate towards Milei Moneda for substantial gains in the altcoin arena.
Top altcoins have been correcting their prices since the last coin rally, and Cardano (ADA) and Solana (SOL) seem to have been hit worse than most. The cryptocurrency market is in yet another of its temperamental mood shifts, and meme coins are ruling the top gainers. Meanwhile, Milei Moneda (MEDA) is one of the leading cryptocurrency tokens, attracting investor attention.
Cardano hits new lows on the charts
Bitcoin’s regression last week affected even the best defi coins, including ADA. Cardano investors were down to about $20 million in losses by mid-week, and ADA’s price fell to a new monthly low.
The selling pressure is at an all-time high, as older Cardano investors are the only ones in profit at the moment. Those who bought ADA during the coin rally are deep in losses, and some of them are already cutting their losses. At the current sell pressure, Cardano could fall from the top crypto coins in the market.
Despite the dip, Cardano developers are not relenting in their building process though, as the ADA network surpassed Ethereum in GitHub developer activity. Their activity over the weekend saw the ADA token gain some 10%, clearing off some of the loss from last week.
Solana moves back to memecoins
Solana’s ecosystem came under fire for its rising number of failed transactions in the past week. SOL has taken quite a hit, too, although that might not be due to incomplete transactions.
The cause of the failed transactions has been tied to the influx of bots seeking to make the most of new meme coins on the Solana blockchain. There has been some silver lining too, even with some investors taking profits from their SOL deposits.
Solana now holds over $4.14 billion worth of crypto assets, its highest in almost two years. The past week saw the trading volume on SOL hit a record high as the best defi crypto sneaks its way back to the top. Thanks to its new meme coins, BONK, and WIF, SOL will almost always stay at the top of the crypto charts.
Milei Moneda garners investor attention
Benefits on Milei Moneda stretch past the presale phase, as MEDA offers several interesting features to keep its users in profits. First, users get access to exclusive NFT rewards that they can always re-stake for even better token rewards.
Milei Moneda also offers its top token holders exclusive content and events, bringing the latest trends in the DeFi world to them. Other members also get freebies like monthly giveaways and crypto discounts as a reward for their activity. With smart contracts already in the audit phase, Milei Moneda will soon be maximizing its community to build top defi projects.
Instead of relying on the occasional bull run for profits, Milei Moneda wishes to build an active community of MEDA holders to run the token’s affairs. MEDA also has a solid presence on social media, especially Discord, Twitter/X, and Reddit, where it will propagate its memes and market its products and services.
There are long-term and short-term gains from investing in Milei Moneda. Analysts believe the best profits start from getting MEDA tokens at $0.010 in Stage 1 of its presale before it goes up and launches at $0.020.
To learn more about Milei Moneda, visit the website or reach out on Telegram.
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