JUP Struggles with Mounting Losses
Chainlink’s price continues to struggle to capitalize on the increased usage of the Chainlink Cross Interoperability Protocol (CCIP) and experience a significant price surge. Meanwhile, Milei Moneda ($MEDA) is emerging as a potential game-changer in the DeFi sector, with a focus on memes and DeFi prospects.
While most top altcoins have experienced a dip in recent weeks, Chainlink (LINK) and Jupiter (JUP) have been particularly bearish for the past month. Although JUP saw a spike in late March due to increased funding for its Core Working Group (CWG), the bearish trend has taken a toll on investor sentiment, resulting in a decline in JUP’s price on weekly timeframes. Despite being one of the leading DeFi projects on Solana, Jupiter risks losing its reputation if its prospects do not improve soon.
Chainlink has also faced challenges, with its last price surge occurring in February. Although the CCIP has gained traction, the LINK altcoin price has not responded accordingly. As a result, investors are now torn between shifting to JUP or sticking with LINK as they search for the best cryptocurrencies to invest in this year.
However, there is a third option that is gaining attention: Milei Moneda ($MEDA). This altcoin is gradually becoming one to watch in 2024 due to its unique combination of meme coin characteristics and DeFi ambitions. With a range of rewards for users, $MEDA has attracted significant interest from investors.
JUP vs. LINK
Both Jupiter and Chainlink have been underwhelming in recent weeks, resulting in significant losses for both tokens on weekly and monthly timeframes.
Jupiter experienced a 20% surge in March when the Core Working Group announced plans to launch new projects on the platform. However, these plans seem to be on hold or have raised unrealistic expectations among JUP traders. As a result, JUP’s price has declined by 30% in the past month, which is not an attractive proposition for investors.
Chainlink, on the other hand, has not kept pace with the growth of the interoperability protocol. While CCIP’s revenue has quadrupled in the past month, LINK’s price has slipped by 26% during the same period.
Both Jupiter and Chainlink have the potential for a price surge, but LINK appears to be in a better position. With the increased usage of CCIP, it is only a matter of time before Chainlink’s DeFi coin price picks up. Additionally, with the upcoming Bitcoin halving, the top cryptocurrencies could experience another price boost.
Instead of choosing between two bearish platforms, investors now have the option of considering Milei Moneda, which offers better potential returns this year.
Milei Moneda: Unlocking High Returns for Your Portfolio
Now is the time to set aside any biases against meme coins. While many meme coins fade away after their initial launch, Milei Moneda is committed to maintaining its relevance in the long term. With its DeFi projects and deflationary token, $MEDA is set to become one of the most promising new ICOs in the crypto-verse.
The benefits of investing in Milei Moneda extend beyond the long term. Active users can enjoy various rewards, including exclusive NFTs, monthly giveaways, and discounts on crypto deals. The more $MEDA you hold, the greater your rewards from the ecosystem.
Start accumulating your Milei Moneda coins today, as they are currently priced at $0.0125, and you can expect a return on investment of up to 60% on the launch day, May 21st.
Curious about $MEDA? Visit our website or join our Telegram chat for fast, fun, and informative discussions.
Disclaimer: This article is provided by the Client, who is solely responsible for its content and accuracy. Readers should conduct their own research before making any investment decisions. The Crypto Basic does not endorse or support any content or product mentioned in this article, and readers should exercise caution and assume responsibility for their decisions. This article is for informational purposes only and should not be considered financial advice.
