NEAR and THORChain Investors’ Excitement Shortened by Bearish Sentiments and Milei Moneda Goes up the Rank of Market Prospects

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TLDR

  • The current slump could prevent another massive surge for NEAR Protocol. 
  • THORChain’s future performance is dependent on market sentiments.
  • Milei Moneda offers a way out to investors. 

NEAR Protocol (NEAR) and THORChain (RUNE) have been hit hard by market-wide retracement. As a result, investors now consider Milei Moneda ($MEDA) a viable investment. 

Let’s discover why $MEDA has become the best crypto investment.

Economize Like Milei: Invest in $MEDA!

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NEAR Protocol Records 15% Slump

After a massive surge driven by a general crypto rally helped NEAR Protocol (NEAR) gain 235% in one year, a steep dip that was influenced by Bitcoin’s fall from $73,000 to $63,000 saw NEAR also take a substantial hit. 

NEAR has been trading at the $6.60 level after falling by 15.1% in the past week. Analysts attribute this general slump to traders taking profits after what can now be called the first installment of the 2024 bull cycle. 

Analysts say that the NEAR Protocol (NEAR) might remain around $6.89 for the rest of 2024 if the market slump continues. However, some NEAR Protocol (NEAR) investors are betting against this and holding on to their tokens.

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THORChain Crashes Hard Despite Positive Development

THORChain has been one of the top-performing altcoins in the past year. The project’s token, RUNE, gained 519% YTD. However, as traders took profit after what had been a stellar few months for the market, prices crashed. 

In the past week, RUNE lost 18% of its value and is currently trading around the $8 mark. RUNE’s crash happened despite increased trading volumes and TVL on THORChain. The bearish sentiment in the market wiped out the gains that resulted from these positive developments.

Analysts say this dip could see RUNE remain around or even below the $8 level for the rest of 2024. However, if the market experiences the big surge expected after the Bitcoin halving, RUNE could get to $30.18.

Investing in Milei Moneda Guarantees Profits for Investors

As the market suffers from a sharp retracement, Milei Moneda stands out as the best option for investors looking to regain their losses. It is a new meme coin currently in Stage 1 of its presale and offering a 10x gain just between the presale and launch. 

Taking advantage of the opportunity Milei Moneda presents involves buying $MEDA during the presale for $0.010. Investors then have to HODL $MEDA until the launch to earn a 100% profit, as $MEDA will launch at $0.020. 

With the predicted bull run on the horizon, analysts say $MEDA could surge much higher after launch. In addition, five percent of $MEDA’s 500 million supply will be burned, creating scarcity and increasing the token’s value.

Other benefits of holding $MEDA are voting rights, access to exclusive NFT collections, NFT staking rewards, and discounts. You can also connect with other community members on X, Discord, and Reddit. 

Finally, Milei Moneda is protected by smart contract audits, locked liquidity, and no team allocations.

All these features and benefits have convinced investors that Milei Moneda is the best cryptocurrency to buy today.

Summary

NEAR Protocol (NEAR) and THORChain (RUNE) are experiencing a severe price pullback. Unfortunately, recovery depends on the direction of the market. Meanwhile, investors can earn massive profits and other awesome benefits if they invest in $MEDA during this bear market.

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