Ripple Spotlights $865M XRP Trading Volume, Emerging Crypto Milei Moneda Set for Profitable 2024

The post Ripple Spotlights $865M XRP Trading Volume, Emerging Crypto Milei Moneda Set for Profitable 2024 appeared first on Coinpedia Fintech News

Ripple (XRP) turned out to be the dark horse of the market as its price surged following its stellar performance in the first quarter. The cryptocurrency’s average daily volumes surged to $865 million in Q1, a sharp uptick of 40% over the last quarter. What impressed many experts was the token’s resilience in the face of market turmoil and regulatory challenges. Among the new altcoins, Milei Moneda ($MEDA) seems to be one of the best-performing tokens as its presale records phenomenal success.

The meme coin is based on Argentine President Javier Milei, and has gained an edge over other cryptocurrencies in a short period. 

Currently, in the third stage of its cryptocurrency ICO, the project has already sold over 68 million tokens. A section of analysts expect the number to go significantly higher.

Milei Moneda: Making DeFi solutions more accessible

Milei Moneda has stolen a march over other cryptocurrencies with an inventive model that bridges the gap between politics and DeFi. The cryptocurrency is inspired by the revolutionary ideas of Argentine President Javier Milei. 

Milei is seen as an avant-garde leader who is keen on anarcho-capitalism and has a supportive stance on cryptocurrency. Under his watch, the adoption of digital assets can potentially go up and drive financial inclusion among the masses. 

The platform has an exclusive native cryptocurrency, the $MEDA token, which is the sole mode of payment in the Milei Moneda ecosystem. The token’s availability is capped at 500 million. Of the stock, 60% is allocated for sales and the rest for operational expenses, airdrops, and maintaining liquidity pools. 

The coin is considered one of the best altcoins for 2024 as it can unlock multiple earning opportunities for its owners. By simply owning the token, crypto users can get invites to rare NFT auctions, bag NFT rewards, exclusive events, and content. 

People can also stake their NFTs to create a steady source of passive income. DeFi platforms encourage token holders to stake as these assets can improve the liquidity situation, boost security, and support the network’s growth. 

Ripple announces Brazil fund

Ripple is an enterprise-grade cryptocurrency that makes it easier for businesses to integrate DeFi solutions in their operations. 

The cryptocurrency is powered by XRP Ledger technology which can facilitate higher revenue, lower capital costs, and discovery of new audience groups. The platform’s native token XRP is among the top cryptos to invest in and its spot volumes crossed $865 million in 2024’s first quarter.

The cryptocurrency has rolled out a Brazil Fund to support local Web 3.0 projects and expand the horizons of the DeFi ecosystem.  

The Ripple team believed that Brazil offered advantages like a mature developer ecosystem, high-end digital payments infrastructure, and a conducive policy environment that could make the programme a success. 

Conclusion

Ripple and Milei Moneda are new-age cryptocurrencies that cater to varied user groups. While Ripple has been making DeFi solutions more accessible for businesses, Milei Moneda offers politics aficionados an opening to explore cryptocurrencies. 

The two tokens have posted impressive market returns which has made the world notice their potential for increasing people’s generational wealth. 

Crypto pundits suggest new initiatives and achievements of these cryptocurrencies have pushed their growth further over the past few months. They cite Ripple’s case. 

The cryptocurrency stunned the market with stellar Q1 results. At the same time, its Brazil Fund offers a leg up to regional Web 3.0 projects in the Latin American country. The move will go a long way in enhancing Ripple’s global appeal.

It might have been just a few months since the cryptocurrency’s launch but Milei Moneda is already the talk of the town. Features like a decentralized governance model, a deflationary asset, and a cutting-edge code architecture have helped the token draw more users. Building on its presale success, the Milei Moneda team aims to secure listings for the token on security exchanges and DEXs in the coming months.

However, crypto buyers must compare a project before committing huge amounts of money as the sector is known for volatility, especially in the short term.

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