TLDR
- BTC’s price goes up as ETF inflows increase.
- BCH is one of the top altcoins to watch as a new futures product comes online.
- Milei Moneda attracts investors with presale profits.
Bitcoin (BTC) ETFs experience positive flows after consecutive days of outflows. Meanwhile, Bitcoin Cash (BCH) receives fresh support from a top exchange, and Milei Moneda ($MEDA) becomes the best new crypto to invest in as investors bet on it.
How have these developments affected BTC and BCH’s prices? And why are investors willing to put their money in Milei Moneda? The answers are below.
Economize Like Milei: Invest in $MEDA!
Bitcoin ETFs Record $15.4 Million Net Inflows
On March 25, 2024, information from The Block showed that the Bitcoin ETFs market had snapped out of its five straight days of negative net flows. In that period, the Bitcoin ETFs lost $887.6 million in value, led by huge withdrawals from Grayscale’s ETF (GBTC).
However, positive net flows on March 25 amounted to $15.4 million. Despite the $350 million withdrawals from GBTC, other Bitcoin ETF funds like Fidelity’s FBTC ($261.8 million) and BlackRock’s IBIT ($35.5 million) received significant inflows.
Since the ETF flow reversal, Bitcoin (BTC) has gained 4.6%, rising from $67,234 to $70,313. Analysts say this is because superior inflows communicate increased investor interest in BTC.
With Bitcoin’s Halving less than a month away, analysts say BTC can pump to a new ATH of $159,838 in 2024.
Coinbase Derivatives Announces Bitcoin Cash Futures
On March 20, it was revealed that the Coinbase Derivatives Exchange had filed its certifications to list a Bitcoin Cash futures product. Also, the certifications have been approved by the US Commodity Futures Trading Commission (CFTC).
The exchange submitted the certifications to the CFTC on March 7. These documents included proposed contract sizes, settlement methods, and structure. It will be a monthly cash-settled product. The Bitcoin Cash (BCH) futures will be listed on April 1, along with Litecoin and Dogecoin futures.
Since the announcement, BCH has gained in value, rising from $409.98 to $493.32. Analysts explain that Coinbase’s decision to create a BCH futures product has been the major catalyst for this surge. Also, the Bitcoin Cash Halving in a few weeks has played a part.
Analysts predict that BCH can reach $891.33 in 2024 due to the increased exposure to Bitcoin Cash through Coinbase’s new product.
Milei Moneda Set for Mouth-Watering Presale Surge
Milei Moneda is a new meme coin that offers an all-encompassing ecosystem with cryptocurrency, NFTs, humor, and even politics. It is inspired by Javier Milei, Argentina’s anarcho-capitalist president and crypto proponent.
The project is currently running its presale, and $MEDA is sold for $0.010 in Stage 1. Investors who purchase $MEDA now will earn a 100% profit when it becomes $0.020 at launch. This is the main reason investors are shifting focus to $MEDA from other altcoins.
Other reasons for holding $MEDA include voting rights, access to exclusive NFTs, NFT staking rewards, and discounts.
In addition, investors can access the vibrant Milei Moneda community on Discord, X, and Reddit. Community activities include virtual events, Q&A sessions, and regular giveaways.
Importantly, $MEDA is a deflationary token. Five percent of its supply will be burned to create scarcity and increase price stability. This is one more reason for investors to trust Milei Moneda.
Finally, investors’ funds are protected through smart contract audits, locked liquidity, zero team allocations, and no transaction taxes.
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Image by Pete Linforth from Pixabay