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While experts predict Solana and Filecoin prices will decline by the end of May, Miley Moneda’s pre-sale is attracting investors seeking significant returns.
With the recent market challenges faced by Solana (SOL) and Filecoin (FIL), their communities are increasingly looking elsewhere for revenue opportunities. Meanwhile, the pre-sale of Milei Moneda (MEDA) is attracting significant interest from holders of these tokens, as the prospects for doubling down on their investment on MEDA’s listing seem more favorable.
Solana’s growth stagnates as challenges increase
Solana is one of the altcoins hit hardest by the recent market correction. Solana’s price has fallen significantly since exceeding $200 in March. Year-to-date gains of over 40% reflect long-term potential, but the short-term outlook appears weak.
Several issues within the Solana ecosystem contributed to this. The network has been experiencing congestion issues, and a recent conflict broke out on social media between the founders of two Solana-based projects. This left Solana out of the top five cryptocurrencies by daily trading volume.
Given the prevailing bearish market conditions, many cryptocurrency analysts expect Solana’s value to decline further. According to their predictions, Solana’s price could fall to $134.89 by May 28.
As the price of FIL continues to fall, investor confidence has waned.
Filecoin saw some gains in the first few months of the year, but the broader market downturn has since pushed its price down more than 15% in the past month. In fact, the value of Filecoin fell further, falling more than 8% last week, and daily trading volume also decreased by more than 20%.
This recent downturn comes despite Filecoin announcing the completion of its nv22 Dragon network upgrade and announcing new strategic partnerships with AxelarNetwork and Ipcdevs to increase ecosystem performance.
Market analysts also believe that Filecoin could continue to decline if widespread market volatility persists. They predicted that if negative momentum continues, the price of Filecoin could fall to $4.67 by May 27.
Milei Moneda is causing excitement
With the recent price declines of Solana and Filecoin, many token holders are turning their attention to a new memecoin, Miley Moneda, attracted by the promising profits they can make from the ongoing pre-sale. there is. With over 68 million MEDA tokens sold so far, Milei Moneda is quickly gaining recognition.
There is widespread excitement around the imminent launch of Uniswap, scheduled for May 21, 2024. In stage 3, investors have the opportunity to purchase MEDA at $0.015. This initial investment sets the stage for good returns as the expected launch price of $0.020 represents a 33% increase over the current price.
Participation within the Milei Moneda community is also facilitated through vested voting rights granted to MEDA holders. These voting rights empower token holders to actively influence decisions and engage in activities that contribute to the growth of the platform.
But that’s not all they have access to the coolest NFTs, massive discounts and monthly giveaways.
conclusion
Due to the price decline of SOL and FIL, many token holders are looking for alternative cryptocurrencies with clear upside potential. The tempting profit prospects of Milei Moneda’s pre-sale have prompted many SOL and FIL investors to diversify their portfolios, hoping to benefit from early-stage profits.
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