Cryptocurrency

Traders Shift Focus From BNB and XRP to Milei Moneda’s Presale, the Crypto Chuckle Turning into Serious Cash

IndustryTrends

BNB's price declines despite a surge in trading volume and Smart Chain improvements. XRP's price witnesses a slight increase; however, potential risks suggest a bearish future. Meanwhile, Milei Moneda ($MEDA) is a new cryptocurrency that offers innovative features and a 100% ROI potential.

BNB: Price Decline Despite Positive Signs

Despite BNB's decent performance in 2024, the crypto has witnessed a slight decline in the last week. BNB's price dropped by 1.69%.

Binance's trading volume has skyrocketed in 2024, and BNB's Smart Chain has shown signs of increased activity. However, BNB still remains bearish. Furthermore, technical indicators like the RSI suggest a "Sell" for BNB.

Based on this, analysts expect BNB to drop to $500 in April.

XRP: Potential Risks Ahead

XRP experienced a slight 8.3% increase in its price last week while surging by around 15% in the past 30 days.

In a recent event, Ripple's CTO David Schwartz issued warnings alongside the launch of XRP Ledger's AMM, signaling potential risks for traders and XRP. 

Schwartz advises caution due to potential losses from single-sided deposits and risks associated with liquidity and slippage in the AMM. Analysts expect XRP to drop to $0.42 in April.

Milei Moneda ($MEDA): Best Cryptocurrency Choice in 2024

Milei Moneda ($MEDA) is a project that combines humor, politics, and blockchain innovation. The project is believed to favor liberty and defy the government.

Milei Moneda has developed the token as deflationary, and in addition to that, they have given the holders a chance to acquire exclusive NFTs and even voting rights within the ecosystem. 

Investors are awaiting $MEDA's official launch on Uniswap on May 21, when its price reaches $0.020, marking a 100% increase from its current price.

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