Enticing Profit Potential on Milei Moneda Presale Has Forced the Hands of XRP and Ethena Investors
The post Enticing Profit Potential on Milei Moneda Presale Has Forced the Hands of XRP and Ethena Investors appeared first on Coinpedia Fintech News
TLDR
- XRP’s altcoin price has been facing setbacks due to the SEC vs Ripple standoff.
- Ethena’s USDe yield farming gains are pretty unrealistic; traders are wary of investing in ENA’s stablecoin protocol.
- Milei Moneda’s ($MEDA) presale edges closer to launch day; more investors welcome $MEDA investments.
Legal battles are not the best experiences for any token looking to join the top altcoins in the crypto-verse; you can ask BNB. Now Ripple (XRP) is trading sideways partly because of its elongated drama with the SEC, and investors are starting to jump ship to Milei Moneda ($MEDA). On the other hand, Ethena’s (ENA) yield APY makes investors wary of investing.
At any rate, $MEDA tokens are one of the best cryptos to invest in this month. Here’s more on the presale.
Economize Like Milei: Invest in $MEDA!
XRP Faces Resistance Amid Ripple’s Legal Battles
Ripple has been fighting the Securities and Exchange Commission (SEC) for over two years regarding unregistered XRP offerings. Last year, a New York judge ruled in favor of Ripple, partially resolving the issue. While the price surge helped XRP rise to the top of the DeFi crypto list, the legal tension only got worse.
Now, the SEC is demanding a $2 billion fine from Ripple, with the hearing slated for April 22, 2024. The next few days are crucial for Ripple’s DeFi coin price, and although XRP is getting significant interest, all that could change depends on the Supreme Court ruling.
Ripple has shown remarkable resilience, although traffic on the XRP ecosystem has dipped in favor of other top DeFi coins. Despite the increased open interest in Ripple and XRP’s coin value, many investors are taking their holdings elsewhere for the bull run this year.
ENA Could Be Going down the Same Path as Terra
Ethena enjoyed a stellar entry into the crypto-verse, employing airdrops and effective publicity to drive ENA’s value to over 100% just days after the launch. The last week was topsy-turvy for the ENA token; however, ENA shed some 33% of its altcoin price before recovering 10%, just as the market closed on Friday.
The price movements might not be enough to take Ethena off the list of the top 10 altcoins to buy, but the declining investor confidence might hurt ENA’s progress. Ethena is offering its users a 37% APY on their USDe investments in the protocol.
Investors have been wary of high profits since Terra, the last platform to do that, crashed quite suddenly soon after starting the yield farming policy. Ethena has its work cut out convincing its traders, and ENA’s ranking among the best DeFi coins depends heavily on it.
Milei Moneda Sees More DeFi Enthusiasts Join the $MEDA Presale
$MEDA is up for grabs, as the presale offers users a chance to join one of the most promising new ICOs ever to launch. Milei Moneda’s profits are apparently irresistible as more users hop on the presale train.
On profits, we have those attached to the presale–we’ll get to that in a bit–and the big ones. The big ones are long-term, requiring you to HODL your $MEDA tokens after they go live. Where will the profits come from, you ask?
Milei Moneda is one step ahead of you there! $MEDA intends to host the best DeFi projects, offering crypto traders real value instead of hot air and memes. And those DeFi projects will be born in the Milei Moneda community, where innovation and dedication are the only watchwords.
So, when the user traffic starts streaming in, your long-term $MEDA investments will return significant profits. The presale is still live and in Stage 2, and here’s your best chance for a bullish 2024.
You can get your Milei Moneda tokens for $0.0125 and lock in 60% ROI for May 21 when it launches on Uniswap at the launch price of $0.020.
Got $MEDA curiosity? Visit or chat on Telegram for the inside scoop. Fast, fun, and informative!
