Memecoins have taken the crypto world by storm, and as the ecosystem expands, new opportunities emerge for investors to tap into this lucrative trend. Investors of Polygon (MATIC) and Optimism (OP), two leading Layer-2 altcoins, are finding their entry into Milei Moneda ($MEDA) to capitalize on the ongoing meme coin boom.
Read on to discover why they’re making this shift and how Milei Moneda has emerged as the meme coin of choice!
Technical Indicators Provide A Bleak Outlook For Polygon
MATIC has continued to plummet, struggling to capitalize on this year’s broader market gains and failing to surpass its 2021 ATH. Nevertheless, the coin managed to attain its yearly peak with an 87% price pump in March.
Despite this spike, MATIC has been outperformed by 97% of the top 100 crypto assets this year, with only 12 green days in the last 30 days. Meanwhile, MATIC is now trading 47% below the yearly high.
Having dropped 22% this month, crypto analysts project a further decline of 8% for MATIC this week. Their bearish sentiment is reinforced by MATIC’s key technical indicators, with the emergence of a “Death Cross” in the 50/200-day EMA and a downtrend in the MACD histogram.
Crypto Experts Are Optimistic About Optimism’s Future
Optimism is undoubtedly one of the top crypto coins, ranking 5th in the Layer-2 sector. However, its recent price action has been lackluster, causing many of its investors to migrate to more promising projects.
This shift in investor sentiment is evident in OP’s declining trading volume, which has dropped from $1.31 billion to $375.21 million this month, along with a 5% decrease in its crypto market cap.
Despite this underperformance, crypto analysts remain optimistic about OP’s future trajectory. They forecast a 15% price increase for the coin this week, based on a recent fundamental analysis that unveiled Optimism’s plans to enhance its blockchain throughput by integrating Layer 3 applications into its OP Stack.
$MEDA Offers a Strategic Entry to the World of Meme Coins
The influx of MATIC and OP investors into Milei Moneda’s presale is evident from the rapidly increasing number of sold-out $MEDA tokens. Over 68 million tokens have been sold so far, and the presale is still in Stage 3. This remarkable milestone isn’t surprising, given that Milei Moneda offers a unique value proposition rarely seen in the crypto market.
This blue-chip meme coin has quickly become a favorite among crypto enthusiasts, mainly due to its innovative blend of meme culture’s playful spirit with tangible DeFi solutions.
Inspired by Argentine revolutionary Javier Milei, Milei Moneda champions true decentralization principles, positioning itself as one of the top ERC-20 coins to invest in this year.
Furthermore, by entering the Milei Moneda ecosystem, Polygon and Optimism investors are strategically positioning themselves to benefit from long-term exponential growth.
With a current token price of $0.015, new investors stand to gain at least 33% in profit, especially with $MEDA’s upcoming Uniswap launch on May 21, 2024, projected to push the price to $0.020.
