TLDR
- TON is set to ride on the new Telegram announcement, but for how long?
- ONDO is already slipping into weekly losses.
- Milei Moneda ($MEDA) is navigating meme and DeFi policies.
The Bitcoin halving is merely days away; the analysts have dubbed the event the ‘alt season,’ but they are not the only ones pumped for the incoming bull run. The meme coin sector has been enthusiastic since February, and it’s no surprise that even the new entrant Milei Moneda ($MEDA) is pulling investors from all the top altcoins. Toncoin (TON) and ONDO might be the next top DeFi coins to suffer the ‘investor drain’–watch out for $MEDA.
Economize Like Milei: Invest in $MEDA!
Toncoin Edges Closer to ATH
Despite the general dull mood among the top crypto coins, Toncoin has snuck into the crypto news, partly due to Telegram’s recent announcement of an ad-revenue sharing policy for channel owners. According to Telegram, some 1,000 subscribers will be getting TON coins as compensation for posting ads on their channels.
Toncoin is also launching a community rewards initiative in about a week. That and the Telegram news has pushed Toncoin’s altcoin price closer to its all-time high. Already, the Total Value Locked on the Toncoin blockchain has risen to about $100 million, and there has been a rising stream of active users in the past few days.
TON’s value got a 3.10% boost last week, but TON is in price correction mode right now, trading 15.6% below its ATH. Sure, investors are still all over Toncoin’s blockchain, but with the TON price coming down, all that could change. The bears seem confident TON would not cross its ATH. Maybe Milei Moneda is a likely pit-stop for such investors.
ONDO Shows Bearish Signs Already
Yes, ONDO made a strong showing last week with its asset movement to the BlackRock ETF vehicle. ONDO had to rely on short-term Treasury ETFs in the past, which limited its operations to the stock market’s opening and closing hours.
Now, the migration to an approved cryptocurrency ETF enables ONDO users to trade their assets throughout the day. ONDO also had a price pump after the announcement, indicating a rush from other investors. But from what the chart tells us, even that spike has waned considerably.
Meanwhile, the weekly charts show that ONDO is trading at an 8% loss despite its surge last week. There’s plenty of reconsideration among the scalp traders, and ONDO is not at the top of their altcoins to watch list anymore.
But Milei Moneda is.
Meme Coin Revolution: Milei Moneda Leads the Charge!
The top DeFi coins are often the highest-ranking crypto tokens, attracting users and investors alike with their real-life utilities. But Milei Moneda is here to show them that meme coins can play; it’s only a matter of changing the standards.
And $MEDA is hard at work to change them, indeed. There are plenty of memes and real-world usage to accompany them, and Milei Moneda will start with its social media campaigns.
Milei Moneda’s philosophy is in line with Javier Milei’s, the memeable Argentinian president and one of the biggest supporters of cryptocurrency among politicians. Using his image as the face of Milei Moneda is one way to push the campaign for DeFi policies in global economies. And that’s where being a meme coin helps.
Milei Moneda has garnered a significant following across social media platforms and will partner with top influencers to circulate $MEDA memes throughout the crypto-verse. Oh, and active $MEDA token holders will get the best of the platform. Trending NFTs, crypto giveaways, and other freebies are only the start–there’s more for as many who will HODL onto their $MEDA coins when they launch.
And that launch is almost here. Milei Moneda’s presale is only in Stage 1, and now’s the best time to secure a 100% ROI by mid-year when the price goes from $0.010 to $0.020. Get your $MEDA tokens today and start counting down!
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