TLDR
- Bitcoin (BTC) miners profit from tripled network fees since halving.
- Milei Moneda’s ($MEDA) presale progresses, attracting investors anticipating a price surge post-launch on May 21.
In the wake of Bitcoin’s (BTC) quadrennial halving event, miners are experiencing a lucrative surge in earnings, with network fees tripling. Amidst the Bitcoin mining boom, another frenzy is brewing in the presale market, centered around Milei Moneda ($MEDA). These developments have captivated the entire crypto community, causing excitement and suspense. Let’s explore the full details of these intriguing events!
Economize Like Milei: Invest in $MEDA
Bitcoin Miners Strike Gold: Network Fees Triple After Halving
Since the completion of the quadrennial halving of Bitcoin, miners have seen a significant uptick in earnings, with network fees tripling, according to a research report by broker Bernstein.
The pump in network fees was attributed to speculative activity surrounding the launch of the Runes protocol, which enables the creation of tokens directly on the blockchain. This surge in activity led to a considerable increase in miner revenue, reaching around 22 Bitcoins per block, compared to the pre-halving level of 7 Bitcoins.
Moreover, analysts emphasize the role of retail traders in minting new tokens, particularly meme tokens, contributing to the heightened network fees. This has propelled daily revenues by over $100 million, with transaction fees contributing over $80 million.
Despite the surge in revenue, analysts caution against expecting these fees to continue at the same level in the future. However, there is recognition of the potential for sustained network transaction fees to contribute significantly to miner revenues in the long term.
The report also highlights the untapped market for fungible tokens on the Bitcoin network compared to Ethereum’s extensive utility token ecosystem. Analysts now anticipate sustained network transaction fees to constitute around 15% of miner revenues. They acknowledge that surges in interest for blockchains can last for several months, potentially extending the current windfall for miners.
Milei Moneda Madness: Presale Frenzy Signals Incoming Price Surge
While miners experience a significant increase in earnings, investors are closing in on one of the major pumps in the presale market. Milei Moneda, the latest sensation in the memecoin arena, is garnering widespread attention from crypto enthusiasts for its incoming price surge.
Operating on the Ethereum blockchain, Milei Moneda boasts a total token supply of 500,000,000 tokens, with 60% allocated to the public. Currently, the token is in Stage 2 of its presale, selling at $0.0125 per token. This represents a 25% increase from the altcoin price in Stage 1, $0.010.
As the memecoin approaches its launch date on May 21, excitement is mounting in anticipation of the DeFi coin price surge. $MEDA is set to launch on Uniswap at the price of $0.02, reflecting a whopping 100% increase from its initial selling price in Stage 1.
This impressive presale milestone has garnered significant traction for the memecoin, placing it on the radar of top crypto analysts as one of the altcoins to watch.
Post-launch, price projections for the memecoin remain bullish. Due to the token’s unique features and growing recognition in the market, market analysts foresee $MEDA maintaining its upward trajectory after it launches on major exchanges. This has further solidified the $MEDA’s place on the DeFi crypto list of top altcoins to watch out for in the coming weeks.
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