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Bitcoin Cash is retracing after a superb BCH halving run.
Sui launches a handheld gaming device for Web3 gamers. Could SUI be looking for a way out of the trenches?
Milei Moneda ($MEDA) is offering unusual prospects: DeFi features and memes all at once.
Bitcoin Cash (BCH) was the toast for last week, as BCH mounted a decent run to its halving. The token capped the run with a 10% spike following the halving, but it's all gone now. BCH and Sui (SUI) are locked in bearish waves, although Sui might have a way out of the quagmire in the long run. Both BCH and SUI are trading at double-figure losses, and Milei Moneda ($MEDA) is looking like the best crypto to buy at the moment.
Call it meme coin pressure, but $MEDA presale is pulling investors from the top DeFi coins already. We have more information on the new project.
Economize Like Milei: Invest in $MEDA!
The bearish pressure hit Bitcoin Cash hard after its halving recorded so much success. Investors have been banking on BCH investments for years, and when the time came to cash in on them, they didn't hesitate. Bitcoin Cash opened April on top of the decentralized cryptocurrency list, going on to pump by 10% on the halving day.
And it has all been for nothing, or so it seems. BCH's altcoin price is already 15% below the value on the halving day. At any rate, it's all the more an indication of what to expect from Bitcoin's halving, too. While many investors might be expecting a strong pump immediately after the halving, analysts warn that the profits might not come until much later.
And Bitcoin Cash's price is not the only parameter that is down. Even open interest in BCH is down by 45% as buyers are looking elsewhere for their monthly profits. Bitcoin's pullback during the week hasn't helped the conditions on BCH either, and we might be looking at long-term bearish trends on Bitcoin Cash.
While even the best DeFi coins suffer from reduced activity on their networks, Sui is maintaining a strong showing in terms of development. There will be more Web3 functionality on SUI, as the SuiPlay0X1 gaming device that was recently launched has been built to run both Web2 and Web3 games.
Mysten Labs built the gaming device, and they have announced that it will be available in stores starting in 2025. Hong Kong's $3-billion-pegged stablecoin FDUSD is also expanding to Sui's blockchain, making SUI the third network to support the stablecoin after ETH and BNB.
Between these developments, the SUI token is still making progress on the trading charts, but a little too slowly. SUI is trading at 11% weekly losses, as the token hasn't made much uptrend action since the Bitcoin-inspired pump in March. With new DeFi projects coming in, we might see some surge from SUI before long.
Milei Moneda is soon to be bleeding profits from all sectors on the network, and only those who key in during the presale–and quickly, too–will get the best of their $MEDA tokens. Apparently, the presale is in Stage 2 already, but we will get to that soon enough.
Most meme coins leave nothing of a legacy behind, except, of course, you want to consider memories of their rallies after they launch. Well, Milei Moneda is going to be different this time, as the presale profits are only a tip of what the average $MEDA token holder will gain from the ecosystem.
Smart contracts are underway (actually, they are in the audit phase), and they are a central part of Milei Moneda's DeFi projects. The community is the other part, where token holders get to suggest and approve only the best DeFi projects for implementation on $MEDA's network.
With the social media influence on Twitter/X, Reddit, and Telegram, Milei Moneda is set to rock the DeFi crypto list really hard. Competing with the top DeFi coins won't be easy, but if there's a meme coin that can do it, it's $MEDA.
$MEDA tokens sell for $0.0125 currently, and they are only going to get more expensive. Hop on the presale train now and settle for 60% profits by May.
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