Markets
Solana and Filecoin investors are keeping a close eye on Milei Moneda amid market changes
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Experts expect Solana and Filecoin prices to drop by the end of May, while the Milei Moneda presale attracts investors looking for significant returns.
With the recent market challenges faced by Solana (SOL) and Filecoin (FIL), their respective communities are increasingly looking for profit opportunities elsewhere. Meanwhile, the Milei Moneda (MEDA) presale is attracting considerable interest from the holders of these tokens, as the prospect of multiplying their investments on the MEDA listing seems more profitable.
Solana’s growth stalls as challenges mount
Solana was one of the altcoins hardest hit by the recent market correction. Solana’s price dropped significantly after crossing the $200 mark in March. While its more than 40% year-to-date gain reflects its long-term potential, the short-term outlook appears bearish.
Several issues within the Solana ecosystem contributed to this. The network has had congestion problems, and a conflict recently broke out on social media between the founders of two Solana-based projects. This resulted in Solana dropping out of the top 5 cryptocurrencies by daily trading volume.
Considering the prevailing bearish market conditions, many crypto analysts expect Solana’s value to decline further. Their projections suggest that Solana’s price could drop to $134.89 by May 28.
Investor confidence declines as FIL price continues to fall
While Filecoin saw a modest rally in the early months of the year, its price has since fallen by more than 15% in the past month amid the broader market downturn. In fact, Filecoin’s value has fallen further over the past week, falling by more than 8%, while its daily trading volume has also shrunk by more than 20%.
This recent decline occurred despite Filecoin announcing the completion of the nv22 Dragon network upgrade and new strategic partnerships with AxelarNetwork and Ipcdevs to increase ecosystem performance.
Furthermore, market analysts believe Filecoin could continue to slide if broader market volatility persists. It is predicted that Filecoin price could drop to $4.67 by May 27 if the negative momentum continues.
Milei Moneda generates enthusiasm
As Solana and Filecoin prices have recently dropped, many token holders are turning their attention to a new memecoin, Milei Moneda, enticed by the promising earnings available in its ongoing pre-sale. With over 68 million MEDA tokens sold so far, Milei Moneda is quickly gaining recognition.
Anticipation for its imminent launch on Uniswap, scheduled for May 21, 2024, is generating widespread excitement. In Phase 3, investors have the option to buy MEDA at $0.015. This initial investment lays the foundation for good returns, as the expected launch price of $0.020 represents a 33% increase from the current price.
Additionally, engagement within the Milei Moneda community is fostered through the voting rights granted to MEDA holders. These voting rights allow token holders to actively influence decisions and participate in activities that contribute to the growth of the platform.
However, that’s not all: they also have access to the hottest NFTs, huge discounts, and monthly freebies.
Conclusion
Given the declining prices of SOL and FIL, many token holders are looking for an alternative cryptocurrency with solid upside potential. The attractive profit prospects of the Milei Moneda presale have led many SOL and FIL investors to diversify their portfolios, hoping to benefit from early-stage gains.
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