SOL, ETH prints profit, new memecoin sparks interest

Milei Moneda introduces MEDA, a stable and secure meme coin, amid a dynamic crypto market where Solana challenges resistance levels aiming for $200 and Ethereum’s price surge reflects Bitcoin’s upward trend.

Solana and Ethereum exhibit discernible signs of a shift in their price trajectory, propelled by the upward movement of Bitcoin. Concurrently, a newcomer to the scene, the Milei Moneda meme coin, is garnering significant attention among investors for its returns.

Amid these developments, it becomes imperative to delve deeper into the potential opportunities these coins present to investors.

Milei Moneda launches new token MEDA

MEDA, the brainchild of Milei Moneda, is a meme coin inspired by Argentina’s president, Javier Milei, which has quickly captured the attention of the crypto community.

MEDA represents a deflationary token that incentivizes holding while discouraging excessive selling. Reflecting the vibrant spirit of the crypto community, Milei Moneda offers a platform for creative expression. 

Coupled with access to the coolest NFTs that can be acquired and staked for rewards, Milei Moneda elevates the token’s rarity and value.

Beyond its light-hearted facade, Milei Moneda places a strong emphasis on security. Built on the Ethereum network, MEDA boasts a locked liquidity setup and a total token supply of 500,000,000, ensuring a secure and robust ecosystem for investors.

MEDA presale ongoing

Currently, in Stage 1 of its presale, MEDA is sold at an altcoin price of $0.010, offering investors an early entry opportunity at a discounted price. With a vesting schedule of 25% every week for four weeks, early adopters can gradually unlock their MEDA tokens while contributing to the growth of Milei Moneda.

As MEDA gains momentum in the crypto sphere, it serves as a testament to the spirit and creativity flourishing within the community.

Solana navigates volatility on path to $200

Solana has demonstrated impressive price performance, registering a 35% increase over the past month. SOL surged from $109.27 on February 11, 2024, to $148 on March 11, 2024, showcasing Solana’s resilience and potential for growth.

Also, the climb of Solana meme coins influenced SOL’s own climb and can be attributed to the prevailing positive sentiment in the cryptocurrency market. Most altcoins, including SOL, have been moving in sync with Bitcoin’s price surge.

Currently, SOL is exhibiting a bullish rectangle pattern, with key support at $140 and resistance at $170. Solana’s ongoing oscillation within the rectangle presents an opportune moment for investors to re-accumulate SOL for potential long-term gains.

Breaking the resistance at $170 could trigger FOMO and spark a significant rally for SOL, with the next target set at $200. The RSI, currently neutral at 57, suggests a potential trend reversal, further bolstering optimism among Solana’s investors.

Ethereum surges amid bullish market momentum

Over the last month, Ethereum has emerged as a profitable investment, yielding up to 62.52% returns for ETH holders. Ethereum was trading at $2,498 on February 11, 2024, and increased to 4,058 by March 11, 2024. 

Ethereum’s price surge coincides with Bitcoin’s ascent. ETH has mirrored BTC’s upward trajectory, witnessing a 16% price surge over the past seven days.

Notably, large ETH investors have been increasing their holdings in anticipation of future price hikes. Data from Santiment reveals a rise in wallets holding between 10 million and 100 million ETH, from 27% on January 1 to 30.56% on March 11. 

Similarly, there has been a sharp spike in wallets holding between 1 million and 10 million ETH over the last five days, from 7% to 7.6%. Ethereum’s accumulation by whales is further supported by a reduction in ETH deposits on exchanges, signaling a lack of intent to sell.

Analysts estimate that the ETH price will continue its upward trajectory towards ATH above $4,800.

Conclusion

Following BTC’s price trend, SOL and ETH gained momentum surging in price over. MEDA started its presale at a price of $0.010 promising growth once it officially launches. Learn more about MEDA at their website on reach out to the team on Telegram.