Starknet's STRK is reeling from the drop in the Ethereum gas fee.
ORDI investors seem to be pulling out as the bearish dip continues.
Milei Moneda is putting out a strong presale; the new ICO is one to watch for top gains this year.
Even while the cryptocurrency market is in a profit frenzy, Starknet (STRK) and ORDI are still battling bearish waves. STRK is still stabilizing with Ethereum's Dencun upgrade, and ORDI is getting bearish price predictions from most analyst sites. Experts are already backing a new meme coin to rescue STRK and ORDI investors; Milei Moneda ($MEDA) might be the best coin to invest in at the moment.
Starknet is a Layer-2 chain that works with Ethereum Virtual Machine to provide scalability to Ethereum's operations. Even after Ethereum's scalability issues were fixed, there was still the issue of high slippage fees. Now, the Dencun upgrade has been completed on all Ethereum Layer-2 platforms, reducing the amount users have to pay as Ethereum gas fees.
The Dencun upgrade will reduce ETH gas fees on Starknet by over 50% in the long run, and Starknet has introduced a strategy to achieve such long-term goals effectively. For now, computational costs will be reduced by 50%, while data availability costs will drop by 25%. Other slippage fee adjustments will occur over the next few months.
With the ongoing implementation of the Dencun upgrade, STRK is experiencing a downturn. Although the coin has gained 20.1% so far in March, STRK is currently trading at -19.5% of its March peak. From leading the L2 chain gainers for the week, STRK is slipping from the top of the charts. However, the Bitcoin halving is only weeks away, and STRK has some time to rejoin the best altcoins to buy in 2024.
ORDI registered its presence as a top crypto to buy in the market some weeks ago, hopping on Bitcoin's pump and getting a price surge in the bargain. Now, the fans' favorite is facing some rejection at critical resistance and support levels, as ORDI has fallen well below 51% of its ATH.
Several analysts have indicated that ORDI's bearish slump could get a lot worse, with the bears pulling the price in a downward trend. ORDI investors can expect more losses in the next weeks if the token doesn't pull back from its support.
Any further drop would mean the bears are winning the struggle on ORDI, and the bulls will have to get the token price up to within a distance of its ATH before any remarkable price pump can start. ORDI can still be a good crypto to buy in 2024, but it's a long walk back to the greens.
Milei Moneda is a meme coin through and through. The $MEDA cryptocurrency ICO has adopted the ideals and face of Javier Milei to propagate its gospel of economic reforms, and the meme coin is looking to influence global politics to encourage even more cryptocurrency trading.
But unlike other meme coins, Milei Moneda will not leave its community unattended. In fact, the community dictates $MEDA's direction, as members suggest brilliant innovations to ensure Milei Moneda is relevant and trendy.
Active members of the Milei Moneda community will be adequately rewarded. Exclusive access to trending NFTs and various forms of freebies is only the tip of the iceberg; smart contracts are on their way, allowing a stream of DeFi projects on the Milei Moneda ecosystem.
It's a future full of long-term prospects on Milei Moneda, and all that starts with buying some $MEDA tokens. $MEDA is selling at $0.010 in its ongoing Stage 1 of the presale. You can lock in a potential 100% ROI by mid-year if you buy now.
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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.