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BCH halving helps Bitcoin Cash lead daily altcoin price pumps.
Litecoin ETFs can mark the start of something new for the LTC token.
Presale buzz gathering on Milei Moneda ($MEDA): everybody wants some $MEDA tokens.
There's been a shift in investor interest in the past few days, as many top altcoins suffered dumps because their tokens are trading sideways. However, Litecoin (LTC) and Bitcoin Cash (BCH) have been trading similarly to Bitcoin all year, and investors are starting to connect the dots.
Plus, the Milei Moneda ($MEDA) presale is garnering quite the following in crypto news already. It's time to throw in some meme coin drama.
Out from the shadows and into the light—that's how the BCH price has gone in the past few weeks. Of course, Bitcoin played a hand in it, but the Bitcoin Cash halving was the icing on the cake. Now that the event has been completed successfully, BCH prices are flying high on the daily charts.
The Bitcoin Cash price charts show a 10% surge in activity since its halving event started. As is expected with sudden price surges, there have been some fluctuations in the BCH charts. Already, analysts are seeing signs of some downward trends in the Bitcoin Cash trading patterns.
But through it all, the BCH altcoin price has remained stable. Bitcoin Cash has held on to its profits, even though its volatility has caused traders to become more cautious. However, there might be doubts about how much BCH can actually rise in the future.
The Securities and Exchange Commission (SEC) approved Bitcoin's ETFs earlier this year, and many investors have been looking forward to ETFs for other top crypto coins. Well, with talks underway for Ethereum ETFs and now Litecoin (LTC) ETFs, maybe we'll be seeing more cryptocurrency ETFs flooding the stock market.
LTC has been compared to Bitcoin for years, as it was the first blockchain to fork off the Bitcoin protocol. The possibility of Litecoin ETFs has caused quite a spike in the LTC charts, as the token surged 10% last week.
Now, analysts think an LTC rally is underway this month. There are several indicators of a possible Litecoin price spike this year, from the current healthy LTC mining activity to the interest from financial institutions. Thus, Litecoin might be one of the altcoins to watch as the year unfolds.
The meme coin sector has been a go-to for instant profits for a long time. A meme token is ideally the best crypto for beginners, except for the relatively undesirable downside of being pump-and-dump tokens. Well, we're about to see long-term prospects in the meme market, and it's the new token Milei Moneda leading the way.
$MEDA is intent on bringing economic reforms to everyone. With its meme coin influence, Milei Moneda aims to create memes and jokes about DeFi and spread them throughout social media platforms. Apparently, the plan is to get the message to policymakers, who can influence the adoption of DeFi policies in their countries.
As for long-term prospects, Milei Moneda's community will be at the heart of platform development. The community members are active $MEDA token holders, and they will be actively involved in governance and the development of new DeFi projects to promote traffic to Milei Moneda's ecosystem.
And there's a lot of rewards in store for the members. $MEDA offers NFTs that can be staked for even more profits, as well as incentives for active members in the community.
Are $MEDA investments sounding interesting already? Well, there's only one way to join the community, and that's through the presale. You can get your tokens for $0.0125 in the ongoing Stage 2 of its presale and settle in for 60% profits when it launches at $0.020 in May.
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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.
