Arbitrum whales move ARB to exchanges as ARB continues to dip.
Render investors accumulate RNDR tokens on the dip, readying for the Bitcoin Halving event.
Milei Moneda is pushing for DeFi adoption and equal economic opportunities.
Who would have thought that meme coins would be the go-to altcoins to buy in the crypto market? Milei Moneda ($MEDA), apparently. The meme token is entering the market at just the right moment, as other top altcoins are reeling from the effects of the Bitcoin pullback. Render Network (RNDR) is not quite in the same situation as Arbitrum (ARB), but both top crypto coins have their investors divided on their loyalties. More on the market situation below.
Arbitrum is one of the leading Ethereum scaling solutions in the crypto market, offering increased scalability and speed to transactions on the ETH network. ARB released some of its stored tokens earlier in March, and it has fallen rather terribly since then.
Even before Arbitrum's release, the ARB market indices showed a downward trend. The token was on a 17% loss on the release date, and, with the sell-off that followed, Arbitrum's altcoin price only dipped in the long run. Investors have deposited about 11.34 million ARB coins in the past week, following other significant token transfers to multiple exchanges.
Now, Arbitrum has partnered with Azuki to launch a Web3-based blockchain venture for anime enthusiasts. Arbitrum will be powering the venture, using its speedy connections and scalability to ensure smooth activity. Will ARB be able to bounce back to the top altcoins rank with the Azuki partnership? Maybe, but the bulls will have work to do.
Render Network is another one of the altcoins to watch that has been in a fix following Bitcoin's dip. Unlike ARB, RNDR spiked along with the rest of the market during the February pump. However, Render's fortunes have dipped slightly since the altcoin rally.
Between February 26 and March 22, RNDR's supply on various exchanges increased. The rise was associated with intense sell pressure, which saw Render slip lower on the top 100 crypto list. Apparently, many traders simply wanted to cash in on whatever profits they had gotten from the coin spike.
Now that the scalpers are out, Render is seeing some consolidation from its investors. This time, more RNDR tokens are leaving the exchanges, pointing at a bullish signal. No doubt, the actual investors believe RNDR is one of the best cryptos to buy now.
Well, we'll see.
If you are looking for a meme coin that balances fun and jokes with real-life utility, Milei Moneda is the perfect project for you. $MEDA will leverage a strong social media presence to publicize its DeFi ambitions, and we'd have that before long.
As for memes, Milei Moneda is passionate about equal economic opportunities for everyone, which is why the project is such a huge fan of DeFi. With its memes, Milei Moneda hopes to influence politicians and stakeholders to encourage crypto trading in their countries. While $MEDA is campaigning for the adoption of DeFi globally, it will be offering Milei Moneda token holders top benefits in the ecosystem.
First off, Milei Moneda will tackle the challenges of price stagnation with its deflationary policies. About 5% of the token supply would be burned, ensuring that $MEDA's altcoin price keeps rising and long-term investors are profitable.
Also, for simply owning $MEDA tokens, you are eligible for trending NFTs that you can stake for token rewards and monthly giveaways from the team. Top holders get even more exclusive content and invites to events, while the best governance proposals get incentives.
Finally, even before all these crypto goodies, you can start counting your profits from the $MEDA presale. Get your tokens at $0.010 each and lock in some 100% returns by May when it launches on Uniswap where each token price will surge to $0.020,
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.