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Ripple Recognized by Mastercard For XRP-based Remittances

Abdulkarim Abdulwahab
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Ripple Recognized by Mastercard For XRP-based Remittances

Renowned payment processor Mastercard has recognized crypto-based payment giant Ripple among the leading entities shaping payment solutions in Latin America.

This recognition of Ripple’s effort came in a recent publication by Mastercard. The report explored the future of remittances in Latin America from the angles of digitalization, diverse payment channels, and the importance of strategic partnerships.

Pseudonymous XRP community figure WrathofKahneman called attention to this development in a recent post on X.

The Remittance Landscape

In the report, Mastercard emphasized that remittances, commonly called cross-border payments, have a more profound impact on individuals’ financial well-being than other areas of financial services. 

It cited the United Nations’ Sustainable Development Goals (SDGs), which recognize remittances as a crucial lifeline for families and communities. Mastercard stressed their significance, particularly in low and middle-income nations.

Specifically, the report cited that approximately 800 million people worldwide, or roughly one out of ten, reside in households that receive international remittances.

The researchers noted that these funds are pivotal in enabling recipients to invest in financial and tangible assets, such as savings or small businesses. In turn, it contributes to the development and prosperity of families and communities.

Meanwhile, the report pointed out that the dynamics of remittances are also significant in Latin America, not limited to low and middle-income nations.

Specifically, it highlighted the U.S. neighbor Mexico as the largest remittance route globally. Mexico witnessed a staggering volume of $56 billion in 2022.

Furthermore, the report pointed out that for economically disadvantaged nations, remittances can constitute over 30% of their national GDP, as evidenced in Honduras. 

Challenges of Remittance Services

However, the Mastercard report highlighted that despite the significant volume and beneficial impact of cross-border payments, users encounter considerable challenges that impede access to formal remittance channels. 

It cited high fees and costs, reliance on cash transactions, concerns regarding trust and security, and inadequate digital user experiences.

Ripple Solution Recognized

In light of these challenges, the Mastercard research team identified technology firms championing various solutions to tackle the obstacles in remittance processes. They recognized blockchain technology as a novel solution in this domain.

In particular, Mastercard acknowledged the contributions of Ripple, Stellar, and Circle in enhancing speed and transparency in international money transfers.

Moreover, the report recognized Ripple’s partner, SBI Remit, which uses XRP to manage cross-border transactions. Last September, SBI Remit commenced XRP-based remittance services in three Asian countries.

Besides, Mastercard also spotlighted Ripple’s efforts in helping countries like Palau leverage central bank digital currencies (CBDCs) to ease payment services.

Remittance Market Projection

According to data from the World Bank, formal inbound cross-border payments surpassed $831 billion globally in 2022. In the same year, these remittances amounted to $146 billion in Latin America alone. The figure marks a staggering 25-fold increase over the past three decades.

Mastercard noted that by 2026, the global market share of digital remittances is expected to reach over $550 billion. This represents an annual growth rate of 8% from 2022 to 2026. On the other hand, Ripple expects the cross-border payment market to reach $250 trillion by 2027.

Ripple CTO Criticizes Elon Musk Over His Contradictory Stance on Free Speech 

Lele Jima
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Ripple CTO Criticizes Elon Musk Over His Contradictory Stance on Free Speech 

Ripple CTO David Schwartz believes that while billionaire Elon Musk claims to believe in free speech, his actions show that he has a narrow understanding of the subject. 

In an X post yesterday, Schwartz slammed Tesla CEO Elon Musk after a federal court threw out a lawsuit filed by his microblogging platform X against the nonprofit Center for Countering Digital Hate (CCDH). 

Background of the Case 

For context, X, under the ownership of Musk, sued CCDH in July 2023, alleging that the research group implemented a scare campaign to chase advertisers from its platform. 

The lawsuit follows studies conducted by CCDH, which highlights a spike in anti-muslim and antisemitic hate speech on X since Musk acquired the platform in 2022. 

Reacting to the studies, X argued that the nonprofit research group was selectively picking posts to falsely illustrate that the platform is dominated by harmful content. 

As a result, X’s legal team demanded that CCDH should pay “tens of millions of dollars” in damages for causing a massive slump in its advertising revenues. 

Court Tosses Out Lawsuit 

However, U.S. Federal Judge Charles Beyer in the Northern District of California dismissed the lawsuit, noting that the case was filed to silence critics of the microblogging platform. 

The judge stressed that X’s true intention in filing the lawsuit was to punish CCDH for its publication, which criticized the platform. 

Ripple CTO Highlights Musk’s Contradictory Stance on Free Speech  

Commenting on the ruling, Ripple CTO slammed Musk over his contradictory stance regarding free speech. 

Schwartz said while the American businessman claims to be the defender of free speech, a federal court recently dismissed his lawsuit to get the government to punish people for engaging in protected speech he disapproves of. 

He added that although Musk claims to believe in free speech, his remarks and lawsuits show his understanding of the term is comically narrowed. 

Musk prides himself as a “free speech absolutist,” noting that he acquired X to create a platform where people can have healthy debate on a wide range of beliefs.

Besides CCDH, Musk is also pursuing a similar lawsuit against other groups, including Bright Data, an Israeli-based web data collection company. Last year, X sued Media Matters for America and one of its reporters over an investigative report criticizing the platform. 

Here are Your Shiba Inu Returns on $1,000 if You Bought on Jan 1 2024

Mark Brennan
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Here are Your Shiba Inu Returns on $1,000 if You Bought on Jan 1 2024

The impressive start to 2024 recorded by Shiba Inu means anyone who invested earlier in the year would have made sizeable profits.

Shiba Inu has been one of the best-performing cryptocurrencies on the top 20 list since the start of 2024. Earlier this month, the coin enjoyed a stint in the top 10 and came very close to overtaking Dogecoin.

However, some investors may wonder how much money they would have now if they had invested in Shiba Inu at the start of the year. A closer look at the numbers reveals an interesting find.

Shiba Inu 2024 Profit Calculation for $1,000

Shiba Inu opened trading for the year, hovering around $0.00001. Hence, if you had invested $1,000 into Shiba Inu on January 1, 2024, you would have received 100,000,000 million Shiba Inu tokens.

At the time of writing, Shiba Inu is currently trading at $0.00002932, meaning you would have a portfolio valued at $2,932. Therefore, if you sold everything to realize profits, you will have gained $1,932 in under three months.

The profits could have been higher if you had sold Shiba Inu when it hit its current top at $0.000045 in the first week of March. At that time, the purchased amount would have been valued at $4,500, representing a 350% gain.

It is also worth mentioning that realizing such gains would have required some patience and showing off “diamond hands.” In early February, the price of Shiba Inu dropped to around $0.0000089, during which the total amount invested would have been worth $890, or 11% in unrealized losses.

Meanwhile, comparing Shiba Inu’s gains with Bitcoin over the same timeline shows just how well the meme-inspired cryptocurrency has performed. Bitcoin started the year with an average price of $42,280. Since then, BTC has gained nearly 70% and is trading around $70,600 at the time of writing.

A $1,000 investment on Bitcoin at $42,280 gives an investor 0.02365 BTC. If sold at the current market value, an individual will receive $1671.86.

The above assessment does not compare Bitcoin to Shiba Inu in terms of its investment value. Shiba Inu is more volatile and less resistant to negative price impact than Bitcoin. In the long run, however, both assets may have their place in an investor’s portfolio and help maximize returns.

Shiba Inu Ranks as Second Most Popular Crypto in Europe

Lele Jima
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0
Shiba Inu Ranks as Second Most Popular Crypto in Europe

Shiba Inu ranks as the second most searched cryptocurrency in Europe, outpacing Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE). 

Leading canine-themed token Shiba Inu (SHIB) has garnered investor interest in the past few weeks. The token’s jaw-dropping rally of over 300% in eight days, as seen on March 5, left many investors reminiscing about its glory days in 2021. 

Following Shiba Inu’s tremendous rally, the spotlight has been on the token, with new investors flocking to Google, the world’s largest search engine, to learn about the asset. 

Shiba Inu Ranks as Second Most Popular Crypto in Europe  

In an exciting development, the Shiba Inu ecosystem team took to X to highlight SHIB’s growing popularity worldwide. 

Specifically, data from the disclosure confirmed that Shiba Inu is the second most searched cryptocurrency in Europe, behind only Bitcoin (BTC), which saw over 21 European countries search for it. 

According to an accompanying report, online searches for Shiba Inu skyrocketed in seven European countries, including Italy, Russia, and France. 

This placed Shiba Inu ahead of Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE), which ranked as the third, fourth, and fifth most searched crypto assets in Europe, respectively. 

Growing Interest in Shiba Inu

Shiba Inu’s growing popularity in Europe comes shortly after the team disclosed that SHIB has seen increased Google searches in Pakistan, the Netherlands, Slovenia, Canada, and Nigeria. 

These countries had the highest number of Shiba Inu-related searches in the past week. Data from Google Trends shows that the most commonly searched phrases for Shiba Inu across various web platforms include “Shiba Inu Coin Price,” “Shiba Inu Coin Prediction,” Shiba Inu Coin News,” and “Shiba Inu Crypto.” 

Over the past week, Shiba Inu’s global search popularity reached the 100 peak on March 20 and retraced to 63 the following day. The metric has seen a mild climb to 64 in the hours leading up to press time. 

Shiba Inu Achieves New Feat 

Meanwhile, according to a poll conducted by WazirX, Shiba Inu ranked as the number 1 meme-based cryptocurrency with the strongest community on the X platform. 

Shiba Inu, which received 48% of the total votes, outperformed Dogecoin, Floki Inu, Pepe, and Bonk, among others. 

Reacting, the official Shiba Inu X handle noted that the SHIB community will reign supreme over any crypto asset claiming to be the top dog of crypto. The remark is seen as a subtle shade to other doggy-themed cryptocurrencies, especially Dogecoin and Floki Inu. 

Coreum Founder Says XRPL at Risk of Replacement, Urges Ripple to be Impartial in Funding

Abdulkarim Abdulwahab
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Coreum Founder Says XRPL at Risk of Replacement, Urges Ripple to be Impartial in Funding

Bob Ras, the Co-Founder of Coreum and Sologenic, has argued that the XRP Leger is at risk of replacement amid Ripple’s alleged selective funding of projects building on XRPL.

Ras recently voiced this sentiment in a series of posts on X. Notably, he issued a compelling call to action directed at Ripple, its development team RippleX, and its CEO Brad Garlinghouse.

Ras emphasized that his message is not to propagate fear, uncertainty, or doubt (FUD) about XRPL. Instead, it stands as a clarion call to awaken XRPL believers to the platform’s current challenges.

Sologenic’s Contributions to XRPL

First, Ras drew from his firsthand experience as a founding member of an early XRPL project, Sologenic. He asserted that before Sologenic, the XRPL decentralized exchange lacked usage.

However, according to Ras, announcing their intention to build on XRPL illuminated the network’s potential. Ras reminisced that the development prompted more projects to recognize the feasibility of building on XRPL despite its limitations.

Thereafter, his team went on to develop Sologenic into an enterprise-grade tokenization solution on XRPL. Their efforts included an exhaustive 18-month pursuit of regulatory approval for a broker-dealer license.

However, the landscape shifted dramatically when the SEC lawsuit against Ripple emerged, “shattering regulatory confidence in the entire XRPL ecosystem.”

Coreum’s Contributions to XRPL

Amid this development, Ras noted that his team pivoted towards developing Coreum, a blockchain featuring smart contracts and interoperability with other networks. 

He pointed out that Coreum’s utility addressed the deficiencies of XRPL and empowered developers to explore innovative use cases with newfound functionalities.

Last week, Ras’s team unveiled a decentralized, open-source bridge between XRPL and Coreum. The development facilitates seamless transfer of XRPL assets to Coreum while enabling connectivity to Inter-Blockchain Communication (IBC) chains.

With this bridge in place, developers gain access to smart token technology. In parallel, it unlocks many innovative use cases for all XRPL assets that extend beyond just XRP and Sologenic’s native token, SOLO. 

Moreover, retail users can earn rewards by participating in automated market maker (AMM) pools on Coreum and other IBC chains. 

XRPL At Risk with Ripple’s Selective Funding

However, Ras raised concerns regarding the RippleX team’s recent endorsement of misinformation regarding another chain’s bridge being the first to implement IBC. He asserted that such actions are misleading and detrimental to the collective efforts of the entire XRPL developer community.

Based on this premise, Ras claimed Ripple shows partiality in supporting XRPL projects. He emphasized that it is in Ripple’s best interest to advocate for all innovative projects developing use cases for XRPL rather than exclusively supporting initiatives associated with ex-employees. He cited examples of a $100 million allocation to the XRPL project Coil.

Furthermore, Ras stressed that without embracing innovation and overcoming its limitations, XRPL faces the same fate as the outdated phone companies replaced by the iPhone due to their failure to innovate.

“To truly care about XRPL, Ripple needs to stop selective funding and support ALL developers building the future,” Ras Lamented.

He added that the XRP community has patiently waited for Ripple’s disruption of cross-border payments and replacement of SWIFT. However, Ras urged Ripple that, if the vision remains distant, it should instead support all builders contributing value to XRPL to foster ecosystem growth like other successful Layer 1 networks. 

Ultimately, he emphasized that his message is not an attack but a call to action to unlock XRPL’s potential as an innovative ecosystem. Ras reiterated the shared desire for XRPL’s success among its community.

Notably, this argument of Ripple not supporting some projects pushing solutions around XRP has persisted for a while. It recently reemerged amid the pioneer NFT project of XRPL announcing its migration to Solana due to a “lack of support.”

Legal Expert Explains Why XRP Price is So Low in Light of New SEC Public Filing

Sam Wisdom Raphael
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Legal Expert Explains Why XRP Price is So Low in Light of New SEC Public Filing

A legal commentary from U.S.-based attorney Fred Rispoli asserts that the discounted sales from Ripple to institutional buyers could be the reason behind the low price of XRP.

Rispoli made these remarks while speaking on the latest development surrounding the long-standing Ripple vs. SEC lawsuit. For context, the U.S. SEC recently filed its motion seeking a remedies package from Ripple for its breach of securities laws with regard to XRP sales to institutional investors.

SEC Seeks $2 Billion from Ripple

The securities regulator is asking the court to impose a $2 billion fine on Ripple as a remedy for this breach, a figure that Ripple’s executives, including CEO Brad Garlinghouse and Chairman Chris Larsen, have dismissed as outrageous.

Now, with Ripple expected to file its reply brief to the SEC’s motion next month, details from the publicly available redacted version of the regulator’s motion have triggered some talking points, including discussions on Ripple’s discounted sales of XRP to some institutional buyers.

Recall that The Crypto Basic confirmed that Ripple leveraged bots for its past sales to institutions. The SEC revealed in its latest motion that the firm displayed favoritism in these sales, allowing some institutions to procure XRP at much lower prices. 

According to the SEC, Ripple failed to sufficiently disclose information regarding these discounted sales, allowing some investors to procure XRP at higher prices while others bought the token at much lower prices. The SEC claims Ripple could have been more transparent about this price discrepancy if it registered its sales.

XRP Low Price Could be Due to Ripple’s Discounted Sales

This was the agency’s attempt to prove that Ripple’s sales actually harmed investors, particularly those who got the assets at high prices. Speaking on the latest discovery, Rispoli asserted that these discounted sales to some institutions could be the reason behind XRP’s low price. 

The legal expert’s remark suggests that if the discounts were large enough, some of these institutions who procured XRP at extremely low prices could be responsible for large dumps impacting XRP price movements when it looks to secure a bullish momentum.

He expressed concern about Ripple’s actions, which may negatively affect the company’s reputation and the price of XRP. Rispoli hopes that the situation is not as bad as it seems but acknowledges that Ripple’s selling of XRP at discounted prices may be one reason why the XRP price remains low.

Notably, these institutions could be looking to take profit on any rally that XRP engineers, further compounding selling pressure. According to Rispoli, if this is the case, then retail investors who continue to hold onto their bags anticipating a substantial price increase are serving as exit liquidity.

Nonetheless, nothing is certain as of press time, as Ripple is expected to file a brief reply and make sense of the situation. Meanwhile, further details from the SEC’s motion suggest that Ripple persisted in its XRP sales in the period after the agency filed its complaint and after the summary judgment.

However, despite Ripple’s continuous sales of XRP, the firm has contended that its post-lawsuit sales, especially ODL-related ones, took a different nature from the previous sales to institutions. Rispoli says the firm would need to sufficiently prove this position.

SEC Publicly files Remedies Brief, Seeks $2B from Ripple for Securities Law Violations

Lele Jima
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0
SEC Publicly files Remedies Brief, Seeks $2B from Ripple for Securities Law Violations

The U.S. Securities and Exchange Commission (SEC) has filed its opening remedies brief in the public docket today, seeking Ripple to pay $2 billion for violations of securities laws.

The regulator first filed the brief under seal on March 22. However, the motion was sealed for nearly four days as the parties deliberated on the necessary redactions.

The latest development was shared by seasoned crypto lawyer James K. Filan in a tweet today.

SEC’s Proposed Final Judgment

According to the public version of the brief, the SEC asked the court to impose a permanent injunction against Ripple’s XRP institutional sales to curtail the company from violating securities laws in the future.

The commission also wants the court to impose a fine against Ripple of nearly $2 billion for violating federal securities laws.

In particular, the SEC wants Ripple to pay $876,308,712 ($876.3 million) in disgorgement, $198,150,940 ($198.15 million) in prejudgment interest, and another $876,308,712 (876.3 million) in civil penalty, bringing the total to $1.95 billion.

It is worth noting that the fines and penalties the SEC seeks are above the $729 million that Ripple raised by selling XRP to institutional investors from 2013 through 2020, when the lawsuit was filed.

According to the SEC, Ripple increased its XRP sales after the lawsuit was filed in 2020. It added that the crypto payments company also sold billions of dollars’ worth of XRP since the court issued the summary judgment in July 2023.

Notably, the public version did not specifically state the monetary value of Ripple’s post-complaint sales. The information was redacted as agreed by the parties.

SEC Cites 3 Reasons Why Ripple Should Pay $2B in Fine

Meanwhile, the commission highlighted three reasons why Ripple should pay up to $2 billion in penalties.

First, the SEC mentioned that the fine would serve as a deterrent to Ripple, given the enormous amount of unregistered XRP sales it conducted over the past three years.

Second, the SEC claims that the crypto payments company has refused to accept responsibility for violating the law for nearly a decade. It alleged Ripple of mischaracterizing the summary judgment issued in July by describing the decision as a total victory for the company.

Furthermore, the commission accused Ripple of failing to correct course, adding that the company has also provided less information about its XRP sales since the summary judgment.

Third, the SEC argued that Ripple ignored the advice of a reputable law firm, which warned the crypto payments company against selling XRP for cash and promoting the coin as an investment. 

Consequently, the SEC recommended that Ripple will only correct its conduct if the court levies a significant sanction against the company and has it return all ill-gotten gains from its past institutional XRP sales.  

Ripple CEO Reacts 

Reacting, Ripple CEO Brad Garlinghouse accused the commission, under the leadership of Gary Gensler, of consistently acting outside the law, a move that has attracted multiple criticisms from federal judges. 

For instance, Garlinghouse mentioned how a federal judge called out the SEC in its case against DEBT Box for gross abuse of power entrusted by Congress. He also noted that one of the judges in the ongoing Ripple lawsuit also criticized the SEC for lacking faithful allegiance to the law. 

The Ripple CEO faulted the SEC’s plan to demand $2 billion as penalties in a case that does not involve any allegation of fraud or recklessness. 

Interestingly, Garlinghouse assured the XRP community that the company would expose the SEC’s true nature when it responds to the brief. 

Ripple is expected to file its reply to the SEC’s opening remedies brief no later than April 22. As reported earlier, Ripple’s reply will be submitted under seal by April 22, and a public version is expected to be filed by April 24. 

Memecoins with Potential to Turn $1,000 into $100,000: Expert Analysis

Mark Brennan
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Memecoins with Potential to Turn $1,000 into $100,000: Expert Analysis

As the crypto market gears up for a potential bull run, one expert shares his list of top memecoins that investors could use to boost their portfolios by a hundred times.

The cryptocurrency market has had a mini bull run since the start of the year. The total market capitalization has added over $900 billion, with memecoins surprisingly leading the way. 

Ahead of a projected bullish pattern continuation later this year, many investors are keen to find the best memecoins to boost their portfolio returns. Veteran crypto investor Bitcoin China has some ideas, recently sharing these suggestions in an update. 

According to the experienced investor, the top memecoins that can deliver a hundredfold return include Dogecoin, Shiba Inu, Bonk, Pepe, Bome, Dogwifhat, and AI-inspired crypto, Grok. The list also includes new launches such as Coq and Ninja. 

Handpicked Coins Lead the Pack in 2024

A close review of the memecoins shows that most of them are already leading the pack in 2024. Since the start of the year, the majority of these coins have gained in triple digits, and while all may not have the full 100-fold potential, the upside may remain attractive for speculators.

Dogecoin and Shiba Inu, for instance, have gained 86% and 156%, respectively, in the past three months. However, their upside potential is capped by a growing market share. For Dogecoin to grow by 100x, its price will have to rise to $17.19. At this price, its market cap is $2.4 trillion, which is nearly the same size as the entire crypto market currently.

Similarly, a 100x increase in Shiba Inu’s price would lead to $0.002778, resulting in a market cap of $1.63 trillion. These figures show that while these memecoins may have some upside potential, those numbers are essentially capped, at least in the near future.

Other coins on the list, such as Bonk (BONK), Dogwifhat (WIF), and Pepe, have risen by 28%, 1559%, and 454%, respectively, since January this year. With their lower market cap, though, the prospect of greater upside exists more than in their more valued counterparts.

Meanwhile, Grok, which was also featured on the list, has gained 160% over the same timeline. Its $100 million market cap makes the 100x increase more feasible, and such an increase puts its valuation at $11 billion, still less than Shiba Inu’s current $16 billion valuation.

However, the listed cryptocurrencies are guaranteed to reach the projected price targets or even turn profitable. Investors must carefully evaluate their risk appetite and only put in what they can afford to lose.

Crypto Analyst Predicts 57% Shiba Inu Surge to $0.000043

Sam Wisdom Raphael
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0
Crypto Analyst Predicts 57% Shiba Inu Surge to $0.000043

Crypto Patel, a prominent market analyst and trader, has identified a Shiba Inu buy price, setting a 57% target gain at the $0.000043 price territory.

Shiba Inu has continued to witness opposition to its push toward the $0.00003 threshold, with the recent resistance stationed at $0.00002864. Despite the latest recovery move engineered by the broader market, SHIB has not recorded any substantial price growth. 

Shiba Inu Trades Within Symmetrical Triangle 

Amid the market uncertainty, analyst Crypto Patel pointed out that, on the 4-hour chart, SHIB had traded within a symmetrical triangle since the drop from the $0.000045 high on March 5. 

Notably, Shiba Inu first aimed to breach the resistance at the upper trendline when it soared to a high of $0.00003490 on March 14. However, the opposition from the bears was too potent to be breached. As a result, SHIB saw a retracement, eventually dropping to $0.00002380 on March 16.

Data from the chart indicates that Shiba Inu successfully recorded a breakout from the trendline resistance on March 23. As a result of this bullish turn of events, the analyst identified $0.00002700 to $0.00002817, the current market price (CMP) at the time, as a possible entry price range for traders looking to go long on SHIB.

A 57% Target Increase 

In addition, Crypto Patel highlighted the price range between $0.00002610 and $0.00002796 as the support level for Shiba Inu, prompting investors to keep an eye on this range. However, the crypto analyst noted that a possible stop loss could be set at the March 22 low of $0.00002583.

Crypto Patel sees this recent breakout as the catalyst Shiba Inu needs for more substantial price gains. Data from the accompanying chart shows he expects the crypto asset to breach the elusive $0.00003 area to greater heights, setting up his first take profit target at $0.00003578.

Ultimately, the analyst believes Shiba Inu would surge above this first target, potentially soaring to $0.000043738. He set this price as the second target, essentially anticipating a 57.13% increase in SHIB’s price.

However, SHIB has consolidated since Crypto Patel sent out his signals, looking for an opportunity to break above the $0.00003 zone. Shiba Inu currently changes hands at $0.00002773, trading flat over the past 24 hours despite Bitcoin (BTC) recording a 4% increase within the same period.

In addition, Ethereum (ETH) and Solana (SOL) are respectively up 3.96% and 7.76%. Nonetheless, it bears mentioning that this pattern occurred earlier in the bull run, before SHIB eventually outperformed the rest of the market to clinch the $0.000045 high.

Aptos Investors Target New All-Time Highs While Milei Moneda Teases Huge Returns; How High Can $MEDA Go?

Andrew MacGill
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Aptos Investors Target New All-Time Highs While Milei Moneda Teases Huge Returns; How High Can $MEDA Go?
  • Aptos (APT) defies bearish expectations with a 30% price surge post-token unlock.
  • Milei Moneda ($MEDA) soars with its deflationary $MEDA token and active community engagement. 

As the crypto market continues to evolve, with several top crypto coins hitting their marks, attention has fallen on Aptos (APT) and Milei Moneda ($MEDA). While Aptos (APT) gives investors hopes of reaching a new ATH, $MEDA shows signs of huge gains, making investors wonder how high it can go! Let’s explore the details of these tokens.

Economize Like Milei: Invest in $MEDA!

Aptos (APT) Gains Momentum, Eyes New ATH Amidst Token Unlock

Aptos (APT), the Layer 1 proof-of-stake blockchain, recently unlocked over $334 million worth of APT tokens on March 13, a move that often triggers corrections in prices for many altcoins. However, Aptos (APT) has defied expectations with a 30% price increase within the last seven days. 

There are several factors responsible for Aptos (APT) resilience. One of which is the project’s recently announced immersive gaming experience at the Game Developers Conference (GDC) 2024. The news has further solidified Aptos’ position in the gaming and blockchain space.

As Aptos gains momentum and showcases its potential with innovative partnerships and developments, investors are eagerly eyeing a new all-time high for APT. The sustained rally amidst challenging market conditions equally shows that the altcoin price might see more gains in the coming months. 

Crypto News Alert: Milei Moneda ($MEDA) Presale Garners Attention for Uniswap Debut

Since its public presale debut, Milei Moneda ($MEDA) has emerged as a beacon of potential, offering a decentralized platform rooted in economic reforms, peer-to-peer markets, and financial autonomy. Milei Moneda ($MEDA) represents a unique blend of blockchain, politics, and humor within a community-driven project.

Aside from its innovative vision, Milei Moneda has been able to garner significant traction due to its native token distinctive features. The platform’s native token, $MEDA, boasts deflationary characteristics, providing its holders with enticing benefits such as NFT staking rewards, monthly giveaways, and, crucially, voting governance rights. 

Still on the list of Milei Moneda’s distinctive features is its commitment to engaging with its community. The platform organizes exclusive events for major token holders and is actively present on social media platforms such as X and Discord. This has helped Milei Moneda ($MEDA) gain considerable popularity and drawn attention to its ongoing presale. 

Currently, in Stage 1 of the presale, $MEDA is selling at the DeFi coin price of $0.010 per token. However, projections indicate a 100% gain at the presale end. The meme coin is poised to launch on Uniswap at the price of $0.020 on May 21. This has crypto analysts and investors closely watching the $MEDA presale journey. 

As Milei Moneda ($MEDA) continues to innovate and engage with its community, the question on everyone’s mind remains: How high can $MEDA go? Market analysts say that with the platform’s innovative features and growing investor confidence, it is bound for new heights post-launch! 

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

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