- Uniswap slowed after a bullish tug that lasted a few days.
- The ORDI price pump from the Binance announcement has died out, and investors are reconsidering their portfolios.
- Milei Moneda uses deflation as part of its plans for top gains.
Uniswap (UNI) and ORDI have been the talk of the altcoins, but not for the right reasons. While the rest of the market is surging at neck-breaking speeds, both top DeFi coins are plagued by bearish trends. With their dips coming after supposed rallies, investors from Uniswap (UNI) and ORDI are reconsidering their stances, and it seems Milei Moneda ($MEDA) is right on time. We have more info on the meme coin below.
Uniswap Gives False Hope as UNI Continues Weekly Slump
Uniswap Labs has done a paper on the effectiveness of the Dencun upgrade from Ethereum. According to their research, Layer-2 chains are now much cheaper to trade on and transact ETH business on than the Ethereum mainnet. Uniswap devs also discovered that the L2 chains have more liquidity positions available to traders, making them a more profitable platform for ETH trading than the main ETH network.
With findings like that, we might see Uniswap open operations on some L2 networks like Arbitrum and Optimism. That will expand the UNI token’s use cases and Uniswap’s user base. For now, though, the bears are winning on the trading charts, as UNI keeps getting farther from the top crypto coins to buy this year. Even after a brief price surge last week, UNI is back below average, indicating more bearish influence.
The UNI token is safely wedged between its support and resistance levels, as InvestorObserver gave it a neutral technical score last Saturday for trading at such a low-risk margin. However, the Bitcoin halving is almost here; you might not want to write off the top DeFi coin just yet.
ORDI: Binance Futures Excitement Dies Down, and the ORDI Token Starts to Slump
About a month ago, ORDI made a rare appearance in the crypto spotlight as Binance Futures launched a perpetual contract for USDC-backed ORDI tokens. Apparently, that put ORDI on a lot of investors’ radars, and many thought the token was one of the best coins to invest in during this period.
Of course, ORDI spiked accordingly. The market was gracious to the top DeFi project…for about two weeks. ORDI entered March with a strong profit profile, about 21% in weekly profits, but they are all gone, thanks to more bearish tugs from the sellers.
ORDI is down 17% in the past week, and not much is expected from the token before Bitcoin offers its rally later in the year. But there is one altcoin to watch as the ‘alt season’ draws near.
Milei Moneda is at the door!
Rebellious Milei Moneda To Break the Status Quo
With the recent Bitcoin-inspired bull run, most top altcoins have hit their ATH and even passed milestone achievements. But there is fresh blood in the crypto-verse now; Milei Moneda’s one of the new ICOs offering investors caught in bearish projects a way back to the greens.
Usually, meme coins won’t be the best place to answer that, not even the ‘blue chip’ ones like Dogecoin. But Milei Moneda is not your usual meme coin. The altcoin is looking to break the status quo by featuring top DeFi projects to rival even the best altcoins.
$MEDA is a deflationary one, meaning that some of the tokens will be burned whenever anyone trades with Milei Moneda coins. Deflationary policies help meme coins achieve stability in the crypto-verse, as their vast token supply prevents the individual token price from rising. In other words, your $MEDA token price will keep rising on the charts as people keep trading it. And that’s not all.
The $MEDA token aims to push for even more cryptocurrency trading, and it is banking on its social media influence to do that. With access to a hoard of influencers in the crypto-verse, Milei Moneda is going to build its clout early and start influencing policies in various countries that are strict on cryptocurrencies.
Hodling your $MEDA tokens comes with numerous perks, such as trending NFTs, which you can re-stake for rewards, giveaways, and discounts on top crypto deals. Milei Moneda is in Stage 1 of presale now at $0.010 per token. With a set launch price of $0.020, investors are set to gain 100% ROI.
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