- Milei Moneda’s ($MEDA) presale attracts more investors.
- Dogwifhat (WIF) plummets by 45% this week.
Milei Moneda ($MEDA), a notable meme coin on the Ethereum blockchain, has recently garnered attention with its impressive presale performance, which saw the sale of millions of tokens during Stage 1.
This achievement has sparked speculation in the crypto community about Milei Moneda’s potential to replicate Dogwifhat’s (WIF) success. Curious to know if Milei Moneda can live up to its hype? Read on.
Dogwifhat’s market dominance nears an end
Despite its ridiculous website and lack of utility, Dogwifhat (WIF) stormed onto the crypto scene in November 2023 with a 9,900% pump in under a week. This propelled it to a market capitalization exceeding $100 million, granting it substantial market dominance to surpass competitors like PEPE thereby securing its place as the third-largest meme coin, trailing Dogecoin (DOGE) and Shiba Inu (SHIB).
In March, this Solana meme coin’s crypto market cap surged to $3.02 Billion with a 72% price increase after its Binance listing which propelled it to its ATH. However, Dogwifhat’s dominance appears to be diminishing, overshadowed by the traction of emerging projects, including Milei Moneda ($MEDA).
WIF’s diminishing momentum can be attributed to declining market sentiments and a slowdown in the meme coin frenzy. Network congestion in the Solana network and a bearish trend in the broader crypto market have also exacerbated the situation, resulting in a double-digit price decline of 45% for WIF this week.
Experts praise Milei Moneda’s ‘Mileinomics’
While Dogwifhat (WIF) has established itself as a prominent meme coin in the crypto market, it faces significant challenges that Milei Moneda ($MEDA) seeks to address through strategic approaches. These approaches position ($MEDA) as a strong contender, capable of not only replicating the success of (WIF) but also challenging its dominance and potentially surpassing it.
Following a comprehensive analysis, a number of market experts have indicated that ($MEDA) could grow to become one of the top 5 cryptocurrencies this year. Its distinct attributes, including tangible utility, set it apart from other meme coins. Unlike hype-driven projects, ($MEDA) focuses on long-term growth and value, diligently adhering to its well-defined roadmap.
Furthermore, the ($MEDA) tokenomics, fondly dubbed “Mileinomics,” have been hailed by those same analysts. Serving as both a governance coin and native currency, ($MEDA) is a deflationary token with a supply cap of just 500 million. Through transparent distribution, 5% of the total supply is allocated to burn strategies, reducing circulating supply and ensuring scarcity for price growth.
Aside from its highly secure smart contracts and generous community rewards, what particularly attracts investors to Milei Moneda ($MEDA) is its ongoing presale. Currently, in Stage 2, the presale offers $MEDA tokens at a DeFi coin price of 0.0125 each. Investors eagerly anticipate potential mid-year ROIs of at least 60%, fueled by Milei Moneda’s upcoming listing on Uniswap, which is projected to drive the price to $0.020.
For more information on the $MEDA presale, visit Milei Moneda’s website or chat on Telegram for the inside scoop.
The post Experts are digging into Milei Moneda’s standout features: could this be the next Dogwifhat (WIF)? appeared first on CoinJournal.
