<img src="https://crypto.news/app/uploads/2024/03/crypto-news-Solana-option001.webp” />
Disclosure: This article does not represent investment advice. The content and materials appearing on this page are for educational purposes only.
As Cardano developers ramp up amid ADA decline, SOL makes a comeback driven by meme coins, while investors gravitate towards Milei Coin for substantial gains in the altcoin space.
Major altcoins have been correcting their prices since the last coin rally, and Cardano (ADA) and Solana (SOL) appear to have been hit harder than most. The cryptocurrency market is in another of its temperamental mood swings, and meme coins are the biggest winners. Meanwhile, Milei Coin (MEDA) is one of the leading cryptocurrency tokens and attracts the attention of investors.
Cardano hits new chart lows
bitcoin's regression last week affected even the best defi coins, including ADA. Cardano investors had losses of around $20 million by mid-week and the ADA price fell to a new monthly low.
Selling pressure is at an all-time high as older Cardano investors are the only ones making profits right now. Those who bought ADA during the coin rally have huge losses and some of them are already cutting their losses. With the current selling pressure, Cardano could fall from the top cryptocurrencies in the market.
Despite the drop, Cardano developers are not letting up in their construction process, as the ADA network surpassed ethereum in GitHub developer activity. Its activity over the weekend saw the ADA token gain around 10%, erasing some of last week's loss.
Solana returns to memecoins
The Solana ecosystem came under fire for the increasing number of failed transactions last week. SOL has also been hit quite a bit, although that may not be due to incomplete transactions.
The cause of the failed transactions has been linked to the influx of bots looking to take full advantage of the new meme coins on the Solana blockchain. There has also been a silver lining, even as some investors make profits from their SOL deposits.
Solana now holds more than $4.14 billion in crypto assets, its highest level in almost two years. Last week, trading volume on SOL hit a record high as the best defi crypto returns to the top. Thanks to its new meme coins, BONK and WIF, SOL will almost always remain at the top of the cryptocurrency charts.
Milei Moneda attracts the attention of investors
Benefits in Miley Moneda It extends beyond the pre-sale phase, as MEDA offers several interesting features to keep its users profitable. First of all, users get access to exclusive nft rewards that they can always stake again for even better token rewards.
Milei Moneda also offers its main token holders exclusive content and events, bringing them the latest trends in the DeFi world. Other members also get freebies like monthly giveaways and cryptocurrency discounts as a reward for their activity. With smart contracts already in the audit phase, Milei Moneda will soon maximize its community to build the best defi projects.
Instead of relying on the occasional bull market for profits, Milei Moneda wants to build an active community of MEDA holders to manage the affairs of the token. MEDA also has a strong presence on social media, especially Discord, Twitter/X, and Reddit, where it will spread its memes and market its products and services.
There are short and long term gains when investing in Milei Moneda. Analysts believe that the best gains start by getting MEDA tokens at $0.010 in stage 1 of their pre-sale before they rise and launch at $0.020.
To learn more about Milei Moneda, visit the website or contact Telegram.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.
