Investors Flee Potential Downtrend On Ethereum Amid SEC Scrutiny To Chase High Returns On Milei Moneda

• Investors are preparing for a bullish period for Ethereum.
• A potential pump brings investors to Milei Moneda.

The US Securities and Exchange Commission takes interest in Ethereum (ETH) as the deadline for the approval of eight Ethereum ETF applications looms near. Meanwhile, Milei Moneda’s ($MEDA) presale attracts investors with the possibility of huge gains. 

How much do investors stand to gain from moving to Milei Moneda? Let’s find out!

SEC Digs Into Ethereum’s Regulatory Status

On March 20, 2023, Bloomberg revealed that the United States Securities and Exchange Commission (SEC) had been asking questions about the Ethereum Foundation, the Swiss-based non-profit behind Ethereum (ETH), and according to the report, the SEC subpoenaed several companies, demanding information about their dealings with the Foundation.

Gary Gensler, head of the regulatory agency, had previously said that many cryptocurrencies are unregistered securities based on the SEC’s rules. However, he declined to categorically state if ETH is part of this list. 

Respected figures within the cryptocurrency community have reacted to this latest development. Coinbase’s CLO, Paul Grewal, pointed out in an X post that the SEC and Congress had previously established that Ethereum was not a security. In a ten-post thread, he cited an instance where Gary Gensler testified before Congress that Ethereum was not a security.

Experts are apprehensive that this latest move by the SEC could signal the end of the pending Ethereum ETF applications.

Despite this distressing news, ETH has gained 6.3%. However, analysts say the future isn’t looking too good for ETH, especially if the SEC decides the cryptocurrency is a security and institutes a lawsuit against its creators.

They say ETH could end up falling to $3,344.15 if this happens.

Milei Moneda Offers a Way Out for Investors

Milei Moneda is a new project that is the defiant meme coin of the cryptocurrency space. It is defiant because it draws its inspiration from the eccentric and radical Javier Milei, an anarcho-capitalist and Argentina’s president. This key characteristic makes Milei Moneda unique in a crowded meme coin sub-niche. 

The project is safeguarded with smart contract audits, locked liquidity, and zero team distributions or transaction taxes. This ensures your $MEDA assets are safe and prevents rug pulls or rogue team members from making away with the project’s funds. 

The Milei Moneda community is active on X, Discord, and Reddit. You can interact with other community members, attend virtual events, and win giveaways. 

However, purchasing $MEDA is the key to this awesome community. $MEDA is currently sold for $0.010 in Stage 1 of Milei Moneda’s ongoing presale. Early investors will earn a 100% gain when the price becomes $0.020 at the end of the presale.

This potential surge has made investors see $MEDA as a viable investment to hedge against potential losses from holding ETH. 

Other benefits of owning $MEDA are voting rights, access to the coolest NFT collections, NFT staking rewards, and discounts.

Furthermore, $MEDA is a deflationary token. 5% of the 500 million supply will be burned to maintain price stability. Also, 5% is earmarked for airdrop, while 60% is for public distribution, 15% for liquidity, and the remaining 15% for marketing and rewards.

All these reveal why investors see $MEDA as the best cryptocurrency to buy today.

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