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Starknet (STRK) suffers a dip after a system outage.
Avalanche (AVAX) experiences modest pump after whale interest.
Milei Moneda's ($MEDA) potential gains cause FOMO.
Starknet (STRK) experienced a network outage for a few hours. Meanwhile, whales buy up large quantities of Avalanche (AVAX) tokens. However, AVAX and STRK investors flock to Milei Moneda's ($MEDA) presale as profits begin rolling in.
How have these developments affected STRK and AVAX? And how can other investors benefit from $MEDA's potential profits? Let's find out!
On April 5, 2024, Starknet experienced an outage for four hours. Starkscan, the project's blockchain explorer, showed that the system stopped producing blocks during this period. It shows a gap between the creation of blocks 630,028 and 630,029.
The Starknet team later revealed that a rounding error bug caused a block restructuring. They explained that block manufacturing remained as usual, but the restructuring created a transaction backlog that stopped it from achieving maximum capacity.
Despite the reassurance, STRK has suffered a slump. STRK lost 5.2%, falling from $1.92 to $1.82. Analysts say this might be due to a slight panic concerning the issue. However, they add that the general bearish market sentiment might have played a role.
Finally, they predict that STRK might not go above $1.87 in this unfavorable market.
On April 4, it was reported that large inventors had spent a whopping $2.1 billion to purchase 52 million Avalanche tokens in the first three days of April.
Analysts say that this indicates confidence in Avalanche's potential. They add that whale accumulation is always succeeded by traders rushing to buy the token in question.
Consequently, this could lead to recovery for Avalanche despite the strong bear sentiment affecting other altcoins.
Fortunately, AVAX's price movements have proved the analysts right. AVAX gained 0.6%, rising from $45.95 to $46.23. However, this is a modest gain, which is why Avalanche investors are now interested in $MEDA's superior profit margins.
Analysts predict that the uptrend generated by the whale interest might already be over. The expectation is that AVAX will trade around $46.15 in the coming weeks.
Milei Moneda is a new meme coin that combines politics and humor with blockchain technology and a vibrant community. This novel project has attracted much attention recently as its presale has progressed. Potential investors now consider it a top crypto to buy because of the huge gains that they can earn from buying $MEDA during the presale.
$MEDA's presale is currently in Stage 2, and the tokens sell for $0.0125. Investors who buy $MEDA now will earn a 60% profit when the project launches at $0.020. However, Stage 1 investors have already gained 25% and will see their initial investment increase by 100% at launch.
Also, 5% of $MEDA's 500 million supply will be burned to create scarcity. This presents more opportunities for a price gain. $MEDA's supply is fixed, making the token deflationary.
Milei Moneda investors will also enjoy voting rights, access to the lively community, and access to exclusive NFT collections. They are also entitled to NFT staking rewards, discounts, and free content.
All these explain why Avalanche and Starknet investors say Milei Moneda is the best cryptocurrency to buy now.
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