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Sei Labs' new project tempers SEI's slump.
STX could see limited gains in 2024.
Milei Moneda is one of the altcoins to watch in 2024.
SEI sees a slight gain after its developers launch a new project. Stacks (STX) announces that the token has gained 35% in seven days. Meanwhile, investors are moving their funds to Milei Moneda ($MEDA) as the surge looms closer.
SEI is one of the top-performing altcoins in the past year. The token has gained a whopping 10,221% in the past 12 months. This massive surge was driven by the announcement of Sei v2, touted to be the first parallelized EVM.
Sei Labs recently announced the launch of The Parallel Stack, a free project. It aims to enhance the performance of transactions per second (TPS) of Ethereum Virtual Machine (EVM)-based Layer-2 blockchains through the tried-and-true computer science concept of parallel processing.
Analysts say this new project might increase SEI's popularity and take the price to $3.93 in 2024 from its current price of around the $0.81 level.
Stacks (STX) has gained 1,445% in the past year. This surge is linked to the ongoing crypto rally that took Bitcoin above $73,000.
Interestingly, despite a market-wide price correction, STX has remained in the green. The token has gained 30% in the past seven days, reaching an ATH of $3.68. This surge has been attributed to the recently announced collaboration between Bitfrost and Stacks to improve Bitcoin's utility. This will be achieved by incorporating Bitfrost's offerings into the Stacks ecosystem.
STX is predicted to reach $5.56 in 2024. This modest prediction in a bull year indicates that STX might have run out of steam, making its investors look for projects with better profit margins.
Milei Moneda is a unique new meme coin that combines humor, blockchain technology, and politics into an irresistible mix. It is inspired by anarcho-capitalist and Argentina's president, Javier Milei.
$MEDA is Milei Moneda's membership and governance token. It is currently being sold for $0.010 in Stage 1 of Milei Moneda's ongoing presale. So far, over 16 million $MEDA tokens have been sold. This shows that investors are becoming increasingly interested in $MEDA. One of the reasons for this interest is the 100% surge that will happen when $MEDA surges to $0.020 at launch.
Other benefits attracting investors are access to exclusive NFT collections, NFT staking rewards, discounts, and rewards for quality proposals.
Furthermore, the Milei Moneda community is active on X, Discord, and Reddit. Community activities include virtual events, Q&A sessions, and regular giveaways.
Milei Moneda is secured by smart contract audits by leading firms, locked liquidity for stability, and no team allocations. All these features and benefits explain why investors see $MEDA as one of the best altcoins to buy in 2024.
SEI escaped a devastating slump due to the impact of an important new project from Sei Labs. A new collaboration ensured Stacks (STX) remained on course for a record-setting year. Meanwhile, investors are attracted by the possibilities and potential of Milei Moneda.
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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.
