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Milei Moneda ($MEDA) joins the top altcoins with its offerings of deflationary tokens, the coolest NFTs, governance rights, and much more. Meanwhile, Dogecoin (DOGE) and Avalanche (AVAX) witnessed a price drop, and analysts suggest a further bearish future.
Milei Moneda ($MEDA) is a crypto project that turns the whole idea of crypto space around. Unlike the traditional tokens, $MEDA is not just a thing of profits; it is more of a movement.
The concept of Milei Moneda has its roots in Javier Milei's ideology, which is known for its rebellious stance in politics and economics. With the mixture of comedy, politics, and blockchain technology, the idea of Milei Moneda brings the three together.
Beyond financial aspects, $MEDA's deflationary nature, exclusive NFTs, and governance features make it one of the best altcoins in 2024. $MEDA is currently in Stage 2 of its presale, awaiting its launch on Uniswap on May 21 at a DeFi coin price of $0.020. You can buy it at $0.0125 and get 60% ROI at launch!
Dogecoin faces a bleak outlook amidst the recent flurry of meme coin mania. Despite a surge in holders and interest, its price has plummeted by 17% in just a week, reaching $0.17 in the first week of April.
Technical indicators paint an even darker picture, showing declining buying pressure and fund outflow as well as a negative investor sentiment as indicated by the Chaikin Money Flow and On-Balance Volume.
Under the watchful eyes of regulators, and with the general market sentiment being shaky, the struggles that Dogecoin faces in its bid to bounce back are all too real, and this is quite a bad sign for any investor in the cryptocurrency. Analysts expect DOGE to drop to $0.13 by the end of April.
The price of AVAX dropped by 14% in a week, reaching an altcoin price of $45.39 at the beginning of April, reflecting significant bearish sentiment. There are several marks that show this cool down.
The Relative Strength Index (RSI) of AVAX has been falling recently, which reflects the substantial drop in buyers' interest. This is illustrated by the fact that the Stop and Reverse (SAR) metric just changed the status from bullish to bearish, pointing to a downward momentum.
A bearish outlook for the future is reinforced by the presence of a death cross between the EMA lines, which herein shows the shape of a downtrend. Thus, analysts expect AVAX to drop to $37.72 by May.
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.
