- Bitcoin Cash rises 21% after BCH halving
- Ethereum Classic Gains as ETC Posts Double-Digit Monthly Gains
- Milei Moneda ($MEDA) is set to join the list of DeFi cryptocurrencies.
As the Bitcoin halving gets closer, Bitcoin Cash had its own halving event this week, sending BCH surging 21% to a two-year high.
Meme coins also surged significantly this year. They have participated in every price rise and coin rally and this time it is the new meme coin Milei Moneda ($MEDA) which joins the top crypto coins in the last lap.
BCH Investing: Will It Succeed or Fail?
Bitcoin Cash forked directly from the Bitcoin protocol and became independent in 2017. It has almost always been in the shadow of the cryptocurrency giants. But that may be starting to change, as both protocols are in the spotlight with their own halving events this month.
Although the larger Bitcoin halving event is still a few weeks away, Bitcoin Cash’s halving occurred this week, which may be an indicator of what traders should expect from Bitcoin itself.
Bitcoin Cash’s halving means there are now fewer BCH tokens in circulation from mining operations. This increased scarcity caused BCH to rise 21% following the halving, hitting a two-year high. Bitcoin Cash may be one of the best cryptocurrencies to invest in.
Ethereum Classic: Follows the path of Ether and makes a modest profit at a time.
The Ethereum Classic network is in the same position as Bitcoin Cash, barring the halving event, and you may be wondering if Bitcoin Cash’s surge will also have an impact on the ETC altcoin price. Over the past four months, Ethereum Classic has shown resilience in breaking through resistance levels, which has made ETC and investors happier.
Ethereum Classic benefited from the airdrop of the Solana meme coin in December, and when news of the proposed Ethereum ETF hit the market, the price of ETC closely followed Ethereum’s surge. ETC’s biggest gains occurred between February and March, as Ethereum Classic has already gained 43% over the past 30 days.
A price correction could occur at any time, but ETC investors are in on the action as Ethereum Classic approaches another resistance milestone. By extension, Bitcoin could surge another 27% before the halving. Ethereum Classic is definitely one of the best cryptocurrencies you can buy right now.
Milei Moneda: Taking on the DeFi Challenge
There is too much talk that meme coins have little to offer other than an altcoin rally. Milei Moneda is tired of hearing all that. Memes have more applications than just their uses, and $MEDA could soon be an example.
Like Floki, Milei Moneda plans to challenge the top DeFi coins with its own DeFi features. $MEDA will leverage its community to launch best-in-class applications that drive traffic to the Milei Moneda platform while providing real-world utility to cryptocurrency users.
The community is simply a group of active $MEDA token holders who are passionate about Milei Moneda. And after launch, everyone who holds tokens will be eligible to participate in the community. Whether you want to invest for the long term or not, Milei Moneda’s investment could be great value for your money, especially if $MEDA is a deflationary coin. Steadily rising altcoin prices and returns from DeFi features could sustain the profits of $MEDA investors.
Investors still have the opportunity to participate in the Milei Moneda pre-sale. The cryptocurrency ICO is still in phase 1 with a price of $0.010 per token. However, the price is expected to rise to $0.020 by the time the pre-sale ends in May and the project begins.
For more information about $MEDA, visit the official website or chat on Telegram.