Bitcoin Soars to $67,000, Frustrated Cardano Investors Swap Bags for $MEDA

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Bitcoin’s (BTC) price has again broken the $67,000 resistance level, bringing its weekly gains to 10% in the past week. Its price surge has led to a resurgence of bullish attitudes in cryptocurrency, benefiting projects like Milei Moneda ($MEDA), which has emerged as one of the best meme coins

A drop in inflation and regulatory filings in the U.S. are credited for the recent demand for BTC exchange-traded funds, which has helped to push prices up. Millennium Management, an asset manager with over $65 billion in its charge, disclosed investing over $2 billion in BTC ETFs at the end of the first quarter. 

BTC’s recent price surge has positively impacted projects like Ethereum (ETH), but others like Cardano (ADA) can’t say the same. Some investors are now cashing out and swapping their tokens for more profitable crypto investments like $MEDA.

Economize Like Milei: Invest in $MEDA!

Best altcoins to invest in: Milei Moneda ($MEDA) offers promise of 30x growth once launched on Uniswap

Milei Moneda is on the verge of redefining what comes to investors’ minds regarding meme coins. It’s a remarkable meme coin project that intends to reach a market capitalization of over $1 billion before the year ends. 

The Milei Moneda project is a parody of the outspoken Argentinian economist turned president, Javier Milei. Like Milei, the project embodies free-market and libertarian ideals. Its tokens are selling for $0.015 in its presale’s third stage, and its price is expected to jump to $0.02 once its tokens launch on Uniswap, giving investors 33% returns on their investment. 

Unlike most meme coins with outrageous token supplies that make long-term price growth virtually impossible, Milei Moneda’s token supply is capped at 500 million, ensuring its price will grow exponentially as it marches toward its target market cap of $1 billion. 

The Milei Moneda project will be governed by those who invest in it, with $MEDA serving as its native token and governance coin. The project aims to merge blockchain technology with political anarcho-capitalism to deliver an ecosystem with zero transaction taxes and a robust financial ecosystem. 

Economize Like Milei: Invest in $MEDA!

Top altcoin Cardano (ADA) growth remains sluggish despite key developments 

Cardano’s price has dropped by over 24% in the past three months due to bearish sentiments taking over the broader cryptocurrency space and firms like Grayscale liquidating their ADA holdings. BTC’s price breaking the $67,000 resistance level hasn’t helped with ADA’s price growth, but some analysts remain optimistic it could enjoy a considerable rebound in the next few weeks. 

Cardano has seen its share of controversy lately as its founder, Charles Hoskinson, recently accused President Joe Biden of attempting to destroy the U.S. cryptocurrency market. 

Hoskinson’s decision to partner with GSR appears to be paying off as its trading volume jumps to over $550 million. 

Bitcoin (BTC) appears poised to set new ATH in the coming months

With the launch of Bitcoin exchange-traded funds in the U.S. in January and the April halving event behind us, many cryptocurrency investors wonder what will power the next bull cycle. For some Bitcoin developers, the answer to this question is adding new programmability levels to the Bitcoin blockchain. 

Bitcoin is the most popular cryptocurrency, but it has been relegated to the role of digital gold as transaction fees rise and its limited programmability becomes more noticeable. Its main rival, the Ethereum network, supports many applications through its smart contract functionality, something the Bitcoin network currently lacks. Improving its programmability would lead to its network becoming a hub for decentralized finance, increasing activity on the Bitcoin network and driving BTC’s price up. 

Summary

Bitcoin remains one of the best cryptos to invest in as its long-term future looks bright as prices refuse to go below the $60,000 level. Milei Moneda beats it regarding profitability thanks to the revolutionary ways the project seeks to defy conventional cryptocurrency practices. 

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