As Polkadot prepares for the launch of its L2 network, Cardano experiences a surge in GitHub activity due to the development of smart contracts, while Milei Moneda promises NFTs and additional rewards post-launch.

Although the past four months have seen significant growth in the top altcoins, Polkadot (DOT) and Cardano (ADA) have remained relatively stagnant. Even amidst the Bitcoin pump, ADA and DOT have shown only minor fluctuations.

Polkadot focuses on constructing networks that maintain seamless communication and operate with high-security standards. While DOT has seen some development over the past year, its value has only increased by 15.2% during that period. Recent metrics indicate waning interest among its users and long-term traders. However, there may be a resurgence in the coming days as DOT plans to roll out its L2 network.

Similarly, Cardano faces challenges as blockchain developments have not translated into significant profits for ADA holders. Nevertheless, ADA developers have been highly active on GitHub, with Cardano now surpassing Ethereum in developer activity. With the recent shift to smart contracts, Cardano has been adding 500 new smart contracts daily to meet demand.

Since DOT and ADA are still lagging in terms of profitability, the new meme coin Milei Moneda (MEDA) emerges as one of the promising ICOs in the market. MEDA's cryptocurrency ICO is live and attracting investors from major networks.

Polkadot vs. Cardano

Both Polkadot and Cardano users have faced challenging times lately, as neither token has met the more optimistic price predictions for 2024. While other top DeFi coins reached all-time highs between December 2023 and March, DOT and ADA have seen only moderate gains.

Polkadot has encountered selling pressure as investors doubt its ability to surge again this year, especially when other top cryptocurrencies are experiencing triple-digit profits. Although the number of PERP traders is decreasing, those remaining are mostly scalpers seeking short-term gains.

However, Polkadot may redeem itself in the coming weeks with the scheduled launch of its Layer-2 solution later this year. As blockchains increasingly adopt L2 networks for operability and scalability, Polkadot's move could lead to higher profits.

Milei Moneda Emerges as a Compelling Contender

Milei Moneda is garnering attention as one of the trending new ICOs. The presale marks the first step in a series of events aimed at providing profits for Milei Moneda investors.

While embracing meme culture, Milei Moneda distinguishes itself from other meme coins by emphasizing economic freedom within its community. The MEDA token serves as each user's identity on the platform, allowing for governance participation in proposing and approving defi apps and features.

Milei Moneda's ambitious defi aspirations position it as a potential competitor to leading defi coins sooner than expected. Smart contracts play a crucial role in the platform's progress, with MEDA's contracts already undergoing audits.

Conclusion

Both Polkadot and Milei Moneda hold positions among the top 5 cryptocurrencies to consider this year, with the latter poised for a significant launch by mid-year. Interested investors can acquire MEDA tokens at the current price of $0.010.