TLDR
- Experts believe limited interest in Bitcoin ETFs could keep prices low for some time.
- Huge profits await investors at Milei Moneda’s ($MEDA) upcoming launch.
The poor performance of Asia’s first Bitcoin ETFs is causing sell pressure for Bitcoin (BTC). Meanwhile, Milei Moneda ($MEDA) investors remain secure in their expected gains as the token launch draws nearer.
How much has BTC fallen recently, and how much profit will $MEDA investors make at launch? Let’s find out.
Economize Like Milei: Invest in $MEDA!
Hong Kong’s Spot Bitcoin ETFs Record Low Trading Volumes
On April 30, 2024, CoinDesk reported that Bitcoin lost value as news of the slow performance of Hong Kong’s spot Bitcoin ETFs emerged. For context, the Bitcoin ETFs started trading earlier that day. Experts hoped the levels of interest in Hong Kong’s ETFs would mirror that of the US ETFs and consequently lead to a BTC pump.
However, they were disappointed as inflows in the exchange-traded funds on the first day were only $11 million, far lower than the expected $100 million and the $655 million of the US-based spot ETFs.
Moreover, the Ether spot ETF that started trading on the same day also flopped as the fund recorded only $2.5 million in inflows.
After Hong Kong’s spot BTC ETFs failed to generate sufficient interest, Bitcoin fell on the price charts, recording an 11.2% drop in price. Analysts explain that the news caused a sell-off as traders decided to lock in their profits.
However, the low interest in Hong Kong’s spot Bitcoin ETFs mirrors the slow inflows in US-based ETFs. After a frantic Q1 in the crypto market, Q2 began much slower as investors took profit. Due to these current market realities, analysts predict that BTC might remain around $59k for a while.
FOMO Soars as Investors Flock to Milei Moneda’s Presale Ahead of Launch
Milei Moneda is a unique meme coin at the intersection of humor, politics, and blockchain technology. The project’s politics is inspired by anarcho-capitalist ideals and decentralized finance. These ideas are drawn from Javier Milei, Argentina’s president, whom the token parodies.
Moreover, the project boasts a vast ecosystem that includes a deflationary token, NFTs, and decentralized governance.
Milei Moneda is currently running its presale, which is in Stage 2. The presale has attracted huge interest because of the massive gains available to investors. So far, Milei Moneda has sold over 65 million tokens.
In Stage 2, $MEDA is available for $0.0125 per token. Participants at this Stage will earn a 60% profit at launch. Stage 1 investors have already gained 25% of their initial investments. They will gain 100% when $MEDA launches at $0.020 on Uniswap, scheduled for May 21, 2024.
In addition to the profits to be made before launch, a percentage of $MEDA’s supply will be burned to create scarcity, providing the foundation for a post-launch surge.
Furthermore, investors become a part of the Milei Moneda community on Discord, X, and Reddit. They can participate in Q&A sessions and giveaways. Moreover, they get rewarded for quality proposals.
Other perks of buying $MEDA include voting rights, access to the coolest NFT collections, NFT staking rewards, and discounts.
Furthermore, the project is protected through smart contract audits, locked liquidity, and zero team allocations, which prevent hacks and rugpulls. These profits and perks make $MEDA the best crypto to invest in now.
Got $MEDA curiosity? Visit us or chat on Telegram for the inside scoop. Fast, fun, and informative!
Keywords: FOMO, burned, pump, liquidity, coolest nft, best crypto to invest in now.
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
