Markets
Solana and Filecoin Investors Eye Milei Moneda Amid Market Shifts
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Experts predict a drop in the prices of Solana and Filecoin by the end of May, while the Milei Moneda presale attracts investors looking for big returns.
Amid the recent market challenges that Solana (SOL) and Filecoin (FIL) have faced, their respective communities are increasingly looking for profit opportunities elsewhere. Meanwhile, the Milei Moneda (MEDA) pre-sale is attracting considerable interest from holders of these tokens, as the prospect of multiplying their investments during the MEDA listing appears more lucrative.
Solana’s growth stalls as challenges pile up
Solana was one of the hardest hit altcoins in the recent market correction. Solana’s price has declined significantly after surpassing the $200 mark in March. Although its more than 40% year-to-date gain reflects its long-term potential, the near-term outlook appears bearish.
Several issues within the Solana ecosystem contributed to this. The network has experienced congestion issues and a conflict recently emerged on social media between the founders of two Solana-based projects. This caused Solana to fall from the top 5 cryptocurrencies in terms of daily trading volume.
Given the bearish market conditions, many crypto analysts are predicting a further decline in Solana’s value. Their projections suggest that Solana’s price could drop to $134.89 by May 28.
Investor Confidence Declines as FIL Price Continues to Fall
Although Filecoin saw an uptick in the first few months of the year, its price has since fallen by more than 15% over the past month amid a widespread market slowdown. In fact, Filecoin’s value fell further last week, falling by more than 8%, while its daily trading volume also declined by more than 20%.
This recent slowdown occurred despite Filecoin announcing the completion of its nv22 Dragon network upgrade and new strategic partnerships with AxelarNetwork and Ipcdevs to improve ecosystem performance.
Additionally, market analysts believe that Filecoin could continue its fall if broader market volatility persists. They predict that Filecoin price could drop to $4.67 by May 27 if the negative momentum continues.
Milei Moneda sparks enthusiasm
As the prices of Solana and Filecoin have fallen recently, many token holders are turning to a new memecoin, Milei Moneda, seduced by the promising gains available in its current presale. With more than 68 million MEDA tokens sold to date, Milei Moneda is quickly gaining notoriety.
Anticipation around its imminent launch on Uniswap, scheduled for May 21, 2024, is generating widespread enthusiasm. During Stage 3, investors have the option to purchase MEDA at $0.015. This initial investment lays the foundation for good returns, as the projected launch price of $0.020 represents a 33% increase from its current price.
Additionally, engagement within the Milei Moneda community is furthered by vested voting rights granted to MEDA holders. These voting rights allow token holders to actively influence decisions and participate in activities contributing to the growth of the platform.
However, that’s not all, they also have access to the most exciting NFTs, massive discounts and monthly giveaways.
Conclusion
Given the falling prices of SOL and FIL, many token holders are looking for an alternative cryptocurrency with solid upside potential. The tempting profit prospects from the Milei Moneda presale have prompted many SOL and FIL investors to diversify their portfolios, hoping to benefit from its initial gains.
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