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History Suggests Shiba Inu Could Soar 355% to $0.0001064 in May

Abdulkarim Abdulwahab
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History Suggests Shiba Inu Could Soar 355% to $0.0001064 in May

Based on the historical 355% observed for the past period, Shiba Inu could witness the much-awaited comeback next month in May. 

The month of April has posed a significant setback for Shiba Inu, with more bearish days than bullish. Shiba Inu opened the month with a price in the $0.00003 range. However, it later lost about 40% of that value, dropping to $0.0000185. With April winding down, attention now turns to May, an averagely bullish month for Shiba Inu. 

Shiba Inu Historical Performance in May

According to data from market tracker CryptoRank, Shiba Inu’s average profitability in May stands at 99.3%. Ordinarily, this figure hints at the potential for next month to be favorable for Shiba Inu.

However, it is worth mentioning that the average gain was bolstered by the remarkable 355.4% growth SHIB witnessed in May 2021. Notably, during that period, SHIB soared from a low of $0.0000016, canceled a zero, and traded at $0.0000388.

Meanwhile, in May 2022 and 2023, Shiba Inu registered substantial losses of 42.1% and 15.4%, respectively. It is worth noting that 2022 and 2023 were typically bearish periods in the broader market. As a result, it is not entirely unusual that Shiba Inu experienced negative gains during May of those years. 

On the flip side, the crypto market is currently experiencing a bull run in 2024, and market analysts have consistently highlighted SHIB’s potential to replicate past successes. 

Shiba Inu Repeating History 

At press time, Shiba inu holds a prevailing market value of $0.00002336. Given the asset’s average gain of 355.4% in May 2021, it could reach a value of $0.00010634 next month if it repeats history.

Remarkably, the $0.00010634 price would mark a new peak value for Shiba Inu, considering its 2021 ATH at $0.00008845.

Despite this optimistic projection, analysts disagree on the timeline. Market watchers with projected price points around $0.0001 for SHIB expect it to be the asset’s peak for this cycle, essentially next year.

Moreover, analysts at the crypto exchange Changelly recognized that May 2024 would be predominantly bullish for Shiba Inu, projecting double percentage growth. Yet, they argue Shiba Inu’s highest price for May 2024 would be $0.00008351.

Here is What Shiba Inu Price Will be if It Reaches $100B Market Cap

Sam Wisdom Raphael
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Here is What Shiba Inu Price Will be if It Reaches $100B Market Cap

Shiba Inu’s price could skyrocket to the $0.000169 territory if SHIB clinches a market capitalization of $100 billion at its current circulating supply.

The cryptocurrency market has expanded this year owing to the price surges recorded in the first quarter. Last month, the global crypto market cap reached a two-year high of $2.76 trillion, with Shiba Inu contributing to the massive uptrend. 

SHIB’s market cap spiked to a high of $21.16 billion on March 5, when the Shiba Inu price reached a yearly peak above $0.000045. At this price and market cap, Shiba Inu eventually overtook Avalanche (AVAX) to secure a spot among the top 10 cryptocurrencies by market cap.

Shiba Inu Price at $100B Market Cap

However, with the subsequent price retracement from the $0.000045 high, Shiba Inu’s market cap has witnessed an equivalent drop. According to CoinMarketCap (CMC) data, it is currently sitting at $13.85 billion. This current valuation translates to a Shiba Inu price of $0.0000235.

Shiba Inu Price and Market Cap CoinMarketCap
Shiba Inu Price and Market Cap | CoinMarketCap

To proponents who seek to see SHIB reclaim a spot in the top 10, a significant push in its market cap would be imperative. As a result, The Crypto Basic has assessed how much Shiba Inu would need to rally to clinch an unprecedented market valuation of $100 billion.

Considering its current circulating supply of 589 trillion tokens, as revealed by CMC, Shiba Inu must skyrocket to a price of $0.0001696 to hit a market cap of $100 billion. If other assets remain stagnant, this would lead to a new all-time high price and take SHIB to fourth position among the top crypto assets with the largest market capitalization.

SHIB’s Historical Battle for Top 10

Interestingly, despite SHIB’s downward pressure, market analysts still expect it to perform remarkably well in this bull season. Most recently, crypto trader Eunice Wong asserted that Shiba Inu is poised to witness a second leg up, expected to take its price to $0.000125 amid a massive 409% rise. 

In addition, market analyst Cipher presented an analysis of Shiba Inu’s price performance in recent times, noting that SHIB is bound to witness a rise to $0.0001 by following its third Elliott Wave on a weekly timeframe. These lofty price targets would eventually push Shiba Inu’s market capitalization up.

As a result, reaching any of these targets would immensely bolster SHIB’s ambition to seal a spot among the top 10 cryptocurrencies. Shiba Inu first broke into the top 10 list in October 2021 when the spike to an all-time high led to a market cap above $39 billion, per CMC data.

However, it slipped below the tenth position amid the retracement that followed. SHIB has since been battling to push into the much-coveted top 10 rankings, and a surge to a market cap of $100 billion could make this happen. Nonetheless, this remains speculative as of press time.

Shiba Inu Warns About Scams Targeting This Token 

Lele Jima
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Shiba Inu Warns About Scams Targeting This Token 

With scammers spreading misleading information about TREAT, the Shiba Inu ecosystem team has called for caution, emphasizing that the token has not yet been released. 

Given the recent updates surrounding the upcoming launch of Shiba Inu’s fourth ecosystem token, TREAT, scammers have been spreading false information about the asset. 

Scammers Move to Exploit Potential TREAT Investors 

Last week, Shiba Inu lead developer Shytoshi Kusama disclosed that the team raised $12 million by selling an undisclosed amount of TREAT tokens to venture capitalists. As reported earlier, the Shiba Inu ecosystem team aims to use the funds to develop a layer-3 privacy blockchain on Shibarium. 

With Shiba Inu announcing that it raised $12 million via the sale of TREAT, scammers swung into action, claiming that the team had released the token to the public. Since the announcement, these bad actors have been spreading malicious links and steps on how investors can purchase the hoax TREAT token. 

Shiba Inu Debunks Malicious Claims 

In a recent post, Shibarmy Scam Alerts called the public’s attention to the malicious claim making rounds within the Shiba Inu community. Contrary to these claims, the community-driven scam alert account informed the proponents that the ecosystem team has not officially released the TREAT token. 

In addition, the community-driven channel advised Shiba Inu investors not to participate in any transactions relating to TREAT until legitimate sources have confirmed its launch. 

Furthermore, it urged Shiba Inu enthusiasts to prioritize their financial security and that of other investors by spreading the latest awareness about TREAT. 

Previous Claims About TREAT and SHI 

Some of these scammers claimed the team had launched TREAT alongside Shiba Inu’s stablecoin SHI. However, the Shiba Inu ecosystem team has consistently debunked these claims. 

Last year, Shiba Inu lead developer refuted a tweet claiming that TREAT and SHI would soon launch. The handler behind the hoax announcement shared a malicious contract address for both tokens. 

At the time, Shibarmy Scam Alert warned investors to conduct due diligence before making any investment decisions relating to SHI and TREAT. Following the warnings, there was an observable decline in the rate at which these scam schemes spread. 

However, the malicious claims have resurfaced following the recent announcement surrounding the TREAT funding round, as these bad actors look to take advantage of the growing euphoria. 

Meanwhile, once it officially launches, TREAT is expected to play important roles within the Shiba Inu ecosystem. For instance, it will serve as the governance and utility token for the upcoming L3 blockchain. 

Shiba Inu enthusiasts can also earn TREAT by staking their SHIB tokens on designated liquidity pools. At press time, there was no official launch date for the token. However, in a recent X post, Shiba Inu marketing lead Lucie stated that TREAT will launch in 2024/2025. 

Solana Price Analysis: $120 Reverse or $150 Rebound?

Mark Brennan
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Solana Price Analysis: $120 Reverse or $150 Rebound?

Solana’s on-chain metrics reveal how a decline in new users joining the network has emerged as a critical catalyst behind the 34% SOL price dip over the past month.

New-User Acquisition Rate Has Declined 51%

The global crypto market has been stuck in limbo since the April 20 Bitcoin Halving. Similar to Solana, prices of ranked mega-cap assets, including BTC, ETH, and DOGE, have all declined considerably, as investors took a cautious stance to avoid possible downside from a potential post-halving crash.

However, digging deeper, on-chain data shows that a unique set of bearish catalysts could be in play in the Solana market.

Chiefly, HelloMoon’s Daily Signer chart below tracks the number of new wallets that execute their first transaction on a given day. This helps measure the rate at which new users join the Solana blockchain network.

Solana (SOL) Daily First Signers
Solana Daily First Signers

The Daily First Signers trend chart shows that Solana attracted 1.2 million new wallets on March 29. But curiously, it has been downhill since then. The latest day reveals that 608,298 SOL wallets executed their first transaction on April 28, marking a 51% decline from figures recorded 30 days ago.

Solana’s remarkable network growth in Q1 2024 was fueled by a flurry of investors aping in on the memecoin rave. However, amid sustained network congestion and delays in transactions, as well as a drop in the euphoria surrounding Solana’s memecoins, the new-user acquisition rate has been in a steady decline over the past month.

Solana (SOL) Price Action | April 2024 | Source: TradingView
Solana Price Action

Typically, a decline in new-user acquisition can have an accelerated bearish impact on price action during high sell-off periods, as the underlying asset struggles to attract new demand.

With SOL price down 34% during over the last 30-days, the impact of the 51% decline in new-user activity has been obvious.

SOL Price Forecast: Bears Eyeing $125 Reverse

Solana (SOL) price dropped to 10-day low of $133 on Saturday April 27, bringing its weekly timeframe losses to 11.4%. In terms of short-term forecast, a further escalation of the 51% decline in new-user activity could see Solana price slide below $140 in the days ahead.

In further affirmation of this bearish price forecast, the lower limit of the Bollinger Band indicator suggests SOL could drop as low as $125 before finding a steady support cluster.

Solana (SOL) Price Forecast
SOL Price Forecast

On the contrary, after a 34% decline over the past month, if fatigue sets in among SOL sellers, the bulls could attempt to stage a $150 retest. However, as depicted above, short-term price recovery efforts could be thwarted by the looming sell wall at the 20-day SMA price of $146.

Big Shiba Inu DEX Arrives on Shibarium: Details

Abdulkarim Abdulwahab
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Big Shiba Inu DEX Arrives on Shibarium: Details

ShibaSwap, the prominent decentralized exchange (DEX) for Shiba Inu, has migrated to the ecosystem layer-2 blockchain Shibarium.

Shiba Inu content marketing specialist, Lucie, announced the development in a recent post on X. Until now, ShibaSwap was solely a DEX on Ethereum. However, the Shiba Inu development team has confirmed the migration of the DEX to Shibarium, which comes eight months after the blockchain debuted.

According to the notification, this move signifies a notable stride in the progression of ShibaSwap. It brings fresh opportunities within the Shibarium blockchain ecosystem.

Shiba Inu DEX Arriving Shibarium

With ShibaSwap now on Shibarium, Shiba Inu enthusiasts can expect to see a variety of new dApp utilities, all powered by Shibarium.

Among these enhancements are the integration of new tokens into ShibaSwap’s native ecosystem, bolstered liquidity pools, and advanced DeFi functionalities. 

Moreover, users will experience exclusive farming contracts designed to reward both early adopters and long-term investors. Furthermore, a new launchpad will facilitate token discovery on ShibaSwap.

Besides, community-driven features such as token voting competitions and incentivized engagement are now available on ShibaSwap.

Shiba Inu Lead Reacts

Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, describes the revamped ShibaSwap as a central hub for innovators and Shibizens alike. In his words:

“It’s where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and ShibArmy members.”

The Shiba Inu team emphasized that more exciting times are ahead, urging the SHIB Army to brace up for more updates. 

ShibaSwap

Significantly, ShibaSwap’s migration comes days after Kusama hinted at the imminent arrival of ShibaSwap 1.75 amid widespread anticipation for ShibaSwap 2.0. The decentralized exchange went live in July 2021, serving as a pivotal platform for SHIB trading. 

Within a few months of its launch, Shiba Inu briefly overtook Dogecoin in market cap, partly owing to the impact of ShibaSwap and the massive demand SHIB commanded at the time.

ShibaSwap empowers users to contribute liquidity and exchange various tokens, earning its governance token, BONE, in the process. 

The Shiba Inu team emphasized that by incentivizing transactions with rewards, SHIB is driving up trading volume, establishing ShibaSwap as the premier platform for community token transactions within Shibarium. They believe these advantages cater to all users, nurturing a robust marketplace ecosystem.

At press time, ShibaSwap has garnered a 24-hour volume of $482,058, with over 100 listed trading pairs.

Shiba Inu Eyes $0.000035 After Crucial Bull Flag Breakout Against Bitcoin

Sam Wisdom Raphael
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Shiba Inu Eyes $0.000035 After Crucial Bull Flag Breakout Against Bitcoin

Shiba Inu (SHIB) is looking to recover the $0.000035 price territory following a recent bull flag breakout staged against Bitcoin (BTC) on the daily chart.

The broader crypto market is currently trading within a downtrend, and Shiba Inu has followed this path, having collapsed 22.48% this month. Despite Bitcoin witnessing a similar decline since April 23, it has outperformed Shiba Inu within this timeframe, as evidenced in the SHIB/BTC chart.

However, it bears mentioning that the recent strength demonstrated by Bitcoin against Shiba Inu comes after an impressive upswing from SHIB over the firstborn crypto. Shiba Inu community figure and crypto trader Digarch first called attention to this trend in a recent post on X.

Shiba Inu Outperforms Bitcoin

Notably, Shiba Inu’s upward push against Bitcoin started in late February when SHIB engineered an impressive bull run amid the meme coin mania. This rally helped Shiba Inu claim a 12-month high of 0.000000000660 BTC on March 5. Despite Bitcoin’s similar surge, SHIB gained 243% against it during this period.

However, following the 0.000000000660 high, Shiba Inu consolidated against Bitcoin, eventually recording intermittent declines. This resulted in the formation of a bull flag, as identified by Digarch in an accompanying chart. 

A bull flag pattern typically emerges when a cryptocurrency experiences a sharp rally and then enters a consolidation phase upon reaching a significant resistance level. This consolidation phase, which forms the flag, indicates that the market has paused before potentially resuming the initial robust uptrend.

SHIB Breaks Above Bull Flag

The resumption of the uptrend often occurs after SHIB breaks above the bull flag and then retests its upper trendline. Market data confirms that SHIB broke above the bull flag on April 20, when it spiked 13% against Bitcoin. Following this spike, Shiba Inu has now continued to decline, gradually dropping to retest the upper trendline.

Should SHIB push toward retesting the trendline, it could witness more days of price drops, eventually collapsing to the April 14 lows at 0.0000000003263 BTC. Meanwhile, with Shiba Inu currently trading for 0.0000000003807, the bulls have opposed Shiba Inu’s current downtrend with robust support stationed at the 50-day EMA (0.0000000003798).

A drop below this level could spell trouble in the short term, eventually pulling Shiba Inu toward the support at the upper trendline of the bull flag. Nonetheless, in the long term, this could be favorable, with Shiba Inu seeking to leverage this retest as a launchpad for greater heights in a resumption of the late February rally.

Once this occurs, Digarch presents an immediate target of 0.0000000005217 BTC, marking a return to the highs of early March. At this price, SHIB would trade at the $0.000035 level if Bitcoin returns to its price of $68,000. Currently, Shiba Inu is changing hands at $0.00002340, while BTC trades for $62,135, and both assets are down today.

However, the downtrend has not impacted the confidence among market commentators in the Shiba Inu community. A market analyst asserted last week that SHIB is about to record a second leg of an uptrend, which could ultimately lead to a 409% surge to $0.000125.

Ripple CTO and Cardano Founder Lock Horns Over “ETH Gate”

Lele Jima
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Ripple CTO and Cardano Founder Lock Horns Over “ETH Gate”

Ripple CTO David Schwartz and Cardano founder Charles Hoskinson express dissenting views over the controversial ETH Gate theory. 

In what can be described as a clash of two crypto heavyweights, the Ripple CTO and Cardano founder were recently at loggerheads over “ETH Gate,” one of the industry’s most controversial topics. 

ETH Gate Debates Resurfaces 

Debates surrounding the ETH Gate theory resurfaced over the weekend during an X Spaces featuring Hoskinson. Per Hoskinson, there are two narratives surrounding the controversial ETH Gate theory. 

The first narrative suggests that Ethereum officials established connections with internal SEC staff to give ETH favorable regulations over other crypto assets. 

On the other hand, the second narrative features claims from some crypto enthusiasts that Ethereum leveraged its connections with the SEC to instigate legal actions against Ripple and XRP.

Commenting, Hoskinson emphasized that the second narrative is a conspiracy theory and that no evidence supports the argument that the Ethereum community bribed the SEC to “eliminate” Ripple and XRP. Hoskinson has always held this belief, which has generated bad blood between him and the XRP community.

Ripple CTO Refutes Hoskinson’s Claim 

Reacting to Hoskinson’s comment, Schwartz raised some questions about the evidence he thinks supports the theory that Ethereum influenced the SEC to actively plot against Ripple and XRP. 

Schwartz’s questions revolve around the relationship between former SEC official William Hinman and Ethereum. 

“So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?” the Ripple CTO quizzed. 

Furthermore, Schwartz asked Hoskinson whether he considers Hinman’s affiliation with Simpson Thacher & Bartlett as potential evidence that could have influenced factors surrounding the SEC’s lawsuit against Ripple.  

Before joining the SEC, Hinman was a partner at Simpson Thacher & Bartlett LLP, a member of Enterprise Ethereum Alliance (EEA), a firm focused on marketing Ethereum as an enterprise solution. 

While at the SEC, Hinman met with Simpson Thacher staff on multiple occasions, including in 2018, the period leading to his controversial speech about ETH not being a security. 

Cardano Founder Reacts 

Reacting, Hoskinson accused Schwartz of trying to incite the mob with his comments. The Cardano founder noted that while he never took a position on the conventional ETH Gate arguments, his grand conspiracy statement relates to allegations fostered by XRP enthusiasts that Ethereum bribed the SEC to go after Ripple. 

“No matter how many times you try to conflate the two statements, it won’t change reality,” Hoskinson added.

In response, Schwartz suggested that the conventional ETH Gate arguments have been focused on how the regulatory commission concluded and interpreted regulatory lines, seemingly favoring Ethereum and casting XRP in a negative light. 

This is not the first time that Hoskinson and Schwartz have had arguments over the ETH Gate issue. Last year, Schwartz publicly disagreed with Hoskinson after he claimed Hinman’s speech did not prove corruption but favoritism. 

Top Analyst Updates XRP ‘Bent Fork’ Target to $17 Amid Current Market Realities

Sam Wisdom Raphael
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Top Analyst Updates XRP ‘Bent Fork’ Target to $17 Amid Current Market Realities

Prominent market watcher EGRAG recently updated his famous XRP “Bent Fork” analysis, suggesting that current market realities point to an ultimate price target of $17.

XRP currently trades in an extensive downtrend, as it trails the trends surrounding the broader crypto market. It has continued to record intermittent declines since retesting the 50-day EMA ($0.5723) on April 22, down nearly 10% since it touched this high.

Despite the prevalent bearish sentiments and XRP’s 17.72% collapse this month, market analysts such as EGRAG expect it to perform remarkably well during this bull season. In one of his latest analyses, EGRAG updated his ultimate target for a pattern he dubbed “Bent Fork.”

EGRAG introduced the Bent Fork analysis last June, noting that XRP is currently trading within a roadmap that features four different trajectories. These trajectories, labeled A, B, C, and D, are expected to lead to different price targets, with the D path poised to result in a surge to $15.

XRP Bent Fork Target Updated to $17

However, in the latest commentary, the crypto analyst confirmed that he has updated the ultimate target associated with path D to $17, considering prevailing market realities. According to him, with XRP recording an increase in the curvatures that represent the paths, the target for D has moved slightly upward.

With XRP trading below most of its crucial psychological levels in recent times, EGRAG stressed that market participants should not underestimate the significance of the $1 level. He noted that this threshold marks a potent resistance point and barrier on XRP’s journey toward greater heights.

Market data confirms that if XRP breaches the $1 psychological resistance, this could strengthen the bulls to push toward higher values. Consequently, EGRAG believes breaking above the ATH of $3.5 would put XRP on the path toward a price territory he terms “Valhalla Highway.”

A Projected Surge in XRP’s Dominance

Interestingly, the analyst further reaffirmed his confidence in XRP’s imminent growth in separate analysis. Citing movements from the XRP.D chart, EGRAG confirmed that XRP’s dominance recently retested a pivotal support level at 1.11%. 

Historical data shows that the last two times this pattern occurred, XRP recorded an impressive price upsurge. The dominance level first retested the support in January 2017, preceding a price rally to the ATH of $3.5 in January 2018. The second retest came up in December 2020, and led to a rise to $1.96 in April 2021.

Amid XRP’s persistent declines, its market dominance has continued to decline every month since August 2023. This gradual collapse resulted in it retesting the pivotal support level this month. EGRAG predicts a price upsurge potentially leading to an ultimate dominance of 17.39%.

Supposing the global crypto market cap remains steady at $2.37 trillion (which is likely impossible), XRP would boast a market cap of $412 billion at a 17.39% dominance. This valuation would result in a price level of $7.46 if XRP’s circulating supply remains stable at 55 billion tokens.

Best New AI Crypto. How Does Raboo Compare To Render And Bittensor

Esra Zuhal
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Best New AI Crypto. How Does Raboo Compare To Render And Bittensor

With the success of the presale surprising many investors, Raboo is quickly becoming the best of all altcoins, never mind just new AI crypto tokens. This is set to launch soon and will become one of the fastest-growing crypto networks after it hits the main exchanges, but how does it compare to legacy alts such as Render and Bittensor?

New AI Crypto Raboo presale breaking all expectations

With the success of its presale, AI crypto Raboo is gearing up for an explosive launch, with the potential to become the fastest-growing crypto on the market. Integrating artificial intelligence with a vibrant meme culture, Raboo offers a unique platform where creativity meets technology, enabling users to engage with the community through meme generation and sharing, for which Raboo rewards its users with $RABT tokens.

With its smart contract audited by SOLIDProof, Raboo ensures top-tier security and reliability. This is crucial, as it underpins the platform’s robust ecosystem and supports its projected rapid growth.

Analysts are optimistic about Raboo, forecasting an impressive surge of 10,000% in its market value once it lists on major exchanges. Raboo has already demonstrated substantial pre-launch momentum, hitting the $1 million mark in its presale fundraising efforts and amassing a community of over 4,000 registered members and 1,400 token holders.

Render boasts one of the fastest-growing crypto communities

Render operates as a distributed GPU rendering network that facilitates connections between artists and studios needing GPU computing power and miners who are willing to rent out their GPU capabilities.

Render has been one of the best-performing altcoins of the last year, with the Render price up almost x8 in the last year. This is after a 50% crash too, and the explosion in price and adoption has made Render one of the fastest-growing crypto communities.

Bittensor is another major mover of the last 12 months

Bittensor is an innovative open-source protocol that underpins a decentralized machine learning network with AI crypto technology. In this unique ecosystem, Bittensor’s machine learning models collaboratively train and improve each other, receiving rewards in the form of TAO tokens.

TAO tokens play a crucial role beyond just rewards for the Bittensor community. They provide external users with the ability to access and extract information from the network, which is pivotal for integrating Bittensor into diverse applications and workflows, enhancing its utility and adaptability.

Conclusion

After their price performance and adoption last year, both Render and Bittensor boast some of the fastest-growing crypto communities. Both saw a 1000% rise in the last 12 months before correcting and as AI and crypto merge, both should be watched.

Raboo is one of the main players in the AI crypto industry, and its presale is exceeding all expectations. RABT is available for a low entry price of $0.003, which has now risen to $0.0036, there’s still plenty of room for growth as analysts predict gains of 233% during the presale and an explosion of at least x100 after it launches on exchanges.

You can participate in the Raboo presale here.

Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Huge Presale Opportunity On Milei Moneda ($MEDA) Could Outperform Aptos And Polygon; Here’s Why

Esra Zuhal
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0
Huge Presale Opportunity On Milei Moneda ($MEDA) Could Outperform Aptos And Polygon; Here’s Why
  • Market gurus believe Milei Moneda ($MEDA) is the best crypto investment in 2024.
  • Experts believe that Aptos (APT) will see a price drop of 20% in the coming days. 
  • Polygon (MATIC) has dipped by over 39% in the past year. 

Industry experts and crypto enthusiasts have asserted that Milei Moneda ($MEDA) has the potential to outperform top altcoins like Aptos (APT) and Polygon (MATIC). With its highly successful presale, this one-of-a-kind meme coin has been generating significant buzz in recent weeks. Continue reading to explore the reasons behind Milei Moneda’s bold assertion!

Economize Like Milei: Invest in $MEDA!

Aptos is Unable To Keep Up With the Market Expectations 

In a recent collaboration with the tech heavyweights –Microsoft, Brevan Howard, and SK Telecom, Aptos Labs unveiled Aptos Ascend, a groundbreaking platform designed to integrate DeFi solutions into the web2 industry.

While this innovation is undoubtedly impressive, pushing Aptos higher on the rank of the top crypto coins this year, Aptos’ recent token unlock event, which saw the release of approximately 24 million previously locked-up APT tokens, has diminished its potential. This development contributed to a month-long downtrend, with the token’s price dropping over 40%.

Despite this decline, experts believe Aptos has the potential for further retracement. Currently sporting a MACD value of -1.48, with thirteen more indicators signalling strong selling pressure, Aptos may plummet by 20%v in the coming days.

Polygon’s Key Indicators Hint At Possible Reversal

While much of the cryptocurrency market rallied to new yearly highs, Polygon’s MATIC struggled to keep pace, leaving many of its investors in the red. With a price decline of 39% over the past year, Polygon’s long-term picture has equally been negative. 

However, recent analysis by industry experts suggests that there may be a light at the end of the tunnel for Polygon investors. Their bullish bias stems from the coin’s key technical indicators, which hint at a bullish reversal. 

Specifically, the RSI of Polygon is at 38.89, suggesting that MATIC’s sentiment is currently neutral. A flip towards the 40.00 mark could trigger a strong bullish momentum. Additionally, MATIC is currently trading above the SMA 50 trendline, further bolstering its bullish potential. 

Presale Buzz: Milei Moneda Retains Its Appeal 

Milei Moneda has continued to stand resolute while other altcoins like Aptos and Polygon falter. As one of the top defi projects of the year, Milei Moneda has piqued the market’s interest with its innovative DeFi solutions that grant investors safe and secure control over their funds. 

With its latest presale achievement, Milei Moneda has sparked market speculation regarding its ability to dominate the crypto market this year, as the coin is projected for an exponential yearly increase of over 1,000%. With the project currently in Stage 2, savvy investors can capitalize on its floor price to maximize their gains. 

Moreover, they could reap about 60% gains before mid-year as Milei Moneda’s upcoming Uniswap launch on May 21 is geared to take the price to $0.020 from its current DeFi coin price of $0.0125. In addition to its presale success, Milei Moneda retains its appeal with tax-free trading, token locks, and a vibrant community with visible engagement and admin support. 

Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!

Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

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