TLDR
- Shiba Inu’s gains are being affected by profit-taking.
- Dogwifhat is seeing a price correction as WIF experiences losses.
- Milei Moneda ($MEDA) is set to provide real-life utility and may follow in the footsteps of FLOKI.
The meme coin market dominated the cryptocurrency market in February, with the Solana meme coins, including Dogwifhat (WIF) and BONK, surging past top altcoins. However, the tides have turned and even Shiba Inu (SHIB) may be in for a downtrend.
Enter Milei Moneda ($MEDA), a new meme coin looking to shake things up.
Shiba Inu Settles at Strongest Support Level
During the Bitcoin pump earlier this year, Shiba Inu saw a surge to its highest level in two years. However, as with many meme coins, investors are now cashing in before the potential downtrend. 11 SHIB wallets have offloaded a significant amount of tokens, resulting in a combined profit of $8.24 million. This activity could cause Shiba Inu’s price to plummet if it cannot overcome the resistance level.
Dogwifhat Experiences Price Correction
Similar to Shiba Inu, Dogwifhat is facing the realities of being a meme coin. Its dominant run in the crypto market has been threatened by token dumps and waning investor enthusiasm. Dogwifhat’s decline may be attributed to a lack of practical applications for the token. Despite being one of the top meme coins, it has also seen a drop in the past week. However, Milei Moneda may be offering a glimmer of hope.
Milei Moneda: Different from the Rest?
Milei Moneda stands out from other meme coin projects with its goal to change global policies using memes. The team is already working on DeFi projects and aims to launch a campaign for DeFi adoption worldwide. The token’s deflationary policy and upcoming features make it an attractive investment option for long-term holders.
Early investors could potentially see a 60% ROI by mid-year with $MEDA’s current price at $0.0125 per token. For more information and updates, interested individuals can visit the Milei Moneda website or join the Telegram chat.