TLDR
- Milei Moneda ($MEDA) is on the brink of achieving a significant milestone with the sale of over 61 million $MEDA tokens.
- Dogecoin (DOGE) experiences a 1,200% surge in transaction volume.
- Dogwifhat (WIF) will plunge by 15% in the coming days.
As the market remains in a downturn, stock meme coins, including top players like Dogecoin and Dogwifhat, have particularly borne the brunt with a number of them registering record lows. However, Milei Moneda’s presale has retained investors’ hope in the meme coin space, becoming their source of loss recovery. Delve in to learn how Milei Moneda continues to attract investors amidst the current market conditions.
Economize Like Milei: Invest in $MEDA!
Dogecoin (DOGE) Remains Down Regardless Of Bullish Metrics
Recently, on-chain metrics for Dogecoin took a bullish turn, indicating favorable conditions for a significant pump in its price. However, contrary to expectations, it has persisted in its descent, potentially signaling further downward movement.
With DOGE Day approaching on April 20 and the Bitcoin Halving scheduled around the same time, Dogecoin’s transaction volume spiked from $4.33 billion to $57.10 billion in about a week. However, this surge coincided with a 13% price decline in a week.
Additionally, Dogecoin’s upcoming futures launch on Coinbase aimed at attracting institutional clients seems to be having the opposite effect as whales are offloading their holdings. Specifically, about 150 million DOGE tokens were transferred from a particular whale wallet on Robinhood to an undisclosed wallet.
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Show more +Show less –Dogwifhat’s Technical Indicators Hint at Further Downside for WIF
Dogwifhat has been on a continuous downtrend, plummeting 60% from its March ATH. After a remarkable rally that surged its price by 1,587% in seven weeks, analysts anticipated a correction, but not of this magnitude. They foresee an additional 15% downside for WIF in the coming days.
Moreover, amidst a 28% decline in the crypto market cap over the past six days, WIF’s technical pattern is also showing bearish signals, with 14 indicators forecasting a bearish outlook. Specifically, Dogwifhat is trading below the SMA 50 and 200 trendlines.
Besides the overall market downturn, Dogwifhat’s decline worsened due to decreasing sentiment and a slowdown in meme coin hype caused by ongoing congestion in the Solana network, which developers have been struggling to resolve since the month started.
Milei Moneda’s Presale Reignites Meme Coin Enthusiasm
The current turbulence in the wider crypto market has sparked a surge in Milei Moneda’s presale as new investors capitalize on its discounted Stage 2 prices. Reaching over 61 million $MEDA tokens sold, this demand spike is primarily linked to Milei Moneda’s upcoming Uniswap Launch.
Scheduled for May 21st, the launch anticipates a 60% surge to $0.020 from the current altcoin price of $0.0125. $MEDA holders are eagerly awaiting the potential gains while already enjoying access to a vibrant community, voting rights on ecosystem decisions, and other enticing community rewards.
As the demand for $MEDA tokens continues to surge, the meme coin market finds itself at a critical juncture. Investors are cautiously optimistic, hoping that this newfound enthusiasm will translate into a sustained revival for meme coin investments. While that remains uncertain, Milei Moneda has solidified its place as a top ICO this year.
Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!
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The post Surging Demand on Milei Moneda Presale Lifts Meme Coin Spirits Amid Downtrend on Dogecoin and Dogwifhat appeared first on CaptainAltcoin.
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