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Milei Moneda gears up for a rally before its Uniswap launch, while XRP remains bearish and Dogwifhat is expected to decline by 27% next week.
Amid bearish pressures on XRP and Dogwifhat (WIF), Milei Moneda (MEDA) shines due to its growing popularity in the ongoing presale. Investors seeking alternatives in the downturn are taking notice. Read on to explore how Milei Moneda has shaken up the crypto space.
Ripple’s challenges spark market concerns
As Ripple awaits the outcome of the judge’s ruling on final remedies in its legal battle with the SEC—a decision delayed due to the SEC’s opposition to Ripple’s sealing motion—speculations abound about XRP’s potential to continue its bearish trend course.
Since its legal battle with the SEC began in 2020, XRP has struggled to regain the highs it reached in 2018. The prolonged legal issues have knocked XRP from its position among the top crypto coins and led to its delisting from major exchanges like Coinbase.
Additionally, concerns have been raised about Ripple’s recent “dump” of XRP, which the project’s CTO, David Schwartz, has defended as crucial sales for maintaining liquidity. Ripple’s strategy of periodically selling portions of its large XRP hodlings has historically led to XRP’s price crashes.
Dogwifhat’s divergence from Bitcoin signals potential drop
Crypto experts have identified an intriguing relationship between WIF and BTC: as Bitcoin and the broader crypto market rally, WIF falls, reinforcing a divergent pattern.
This trend, solidified over the past months, casts a shadow over WIF’s future and raises concerns about its potential to continue showing underwhelming price performances in contrast to Bitcoin’s in the ongoing bull run.
Moreover, WIF’s crypto market cap has fallen from $3.00 billion to $2.69 billion over the past week, and its chart analysis suggests potential further losses. Analysts say a swift 27% price decline could be imminent if WIF breaks below its current downtrend channel.
This precarious position highlights a compelling case study in the crypto world—a reminder that even in a market defined by volatility, some altcoins can defy broader trends, for better or worse. For WIF to shift its dynamics, it may need an increase in its trading volume to $2 billion.
Milei Moneda defies skeptics with its presale
Many skeptics doubted Milei Moneda’s ability to live up to the hype, given its unprecedented approach to the memecoin industry. However, Milei Moneda has proven itself, exceeding expectations with a highly fruitful presale.
By combining elements of meme culture, politics, and utility, MEDA has carved out a unique niche with a cult-like following.
Milei Moneda has attracted significant attention, especially from investors disillusioned by the volatility and losses experienced with top altcoins like XRP and Dogwifhat. This memecoin has been on a remarkable trajectory, surging by 50% from $0.010 to its current altcoin price of $0.015 in Stage 3 of the presale.
Looking ahead, Milei Moneda is preparing for its launch on Uniswap at $0.020. Therefore, new investors can secure a 33.3% profit by joining the MEDA presale right now.
Moreover, projections indicate the possibility of a 1000% rally, sparking significant buy orders for MEDA tokens and offering new investors a chance to maximize their gains.
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This article first appeared at crypto.news
