The cryptocurrency market is full of new opportunities, but it takes an experienced eye to spot the next big thing before it explodes. One of the top cryptocurrency traders on X, who accurately predicted the U.S. approval of a spot Ethereum ETF, recently made a bullish comment on PEPE competitor MoonTaurus (MNTR). The trader mentioned that he has a “good feeling” about the meme coin after notable success in its ongoing presale, including a 100% surge as the presale entered its second phase. According to the trader, MoonTaurus (MNTR) is gearing up to become one of the biggest meme coins in the 2024 bull run.
Ethereum spot ETF is launched, but ETH is stagnant
The cryptocurrency trader, whose name has become synonymous with accurate predictions, is known for his in-depth analysis and timely forecasts. He accurately predicted the approval of nine Ethereum spot ETFs listed in the United States in July.
Farside data shows that as of August 15, BlackRock’s ETHA ETF had the highest net inflows at $966 million, followed by Fidelity’s FETH at $437 million. Grayscale’s ETHE, on the other hand, had outflows of more than $2.3 billion. This is because, unlike the other eight issuers of financial products, Grayscale just upgraded from the over-the-counter market to the New York Stock Exchange and is not a new company. Despite this, these outflows continue to drag down the price of ETH, which has been stagnant in the past few weeks.
Ethereum is trading at $2,559.38, down 3.3% in the past 24 hours. ETH has been range-bound for several weeks, with key resistance at the psychological $3,000 level.
Why MoonTaurus (MNTR)?
Moon in Taurus (MNTR) Not just another meme coin riding on the coattails of successful projects like PEPE. This new coin has a unique design that sets it apart from its predecessors. MoonTaurus launched its presale at the end of July. The presale was an immediate success, raising $300,000 in the first phase and attracting more than 1,000 unique token holders in less than two weeks. The presale consisted of 10 phases, each with its own token allocation and featuring incremental price increases.
In the first phase, users snapped up 60,000,000 MNTR at $0.005. As the presale entered the second phase, the price jumped to $0.01, a 100% increase. The price increase will continue for eight phases until the issue price reaches $0.07. This guarantees investors who participate in the second phase a 7x return before meme coins achieve full penetration.
Market analysts predict that MoonTaurus will see a strong rebound once launched, reaching the $1 target by the end of 2024, and achieving up to 100x returns at the peak of the bull market. In addition, the team has set a goal of achieving a market capitalization of $1 billion. If successful, MoonTaurus will be among the leading meme coins in the 2024 bull market. The team has launched an aggressive marketing campaign to promote this goal and will work with influential figures, including artists, to further promote the project. This is because they know that a meme coin is only as strong as its community.
MoonTaurus is also launching a $100,000 community giveaway to reward its early supporters. To participate, members need to follow the project on social media and participate in simple promotions.
It’s a big deal that a top crypto trader with a track record of success predicts MoonTaurus will be successful, which gives the new PEPE competitor more credibility and highlights its potential. Additionally, MNTR has attracted whale investors from top meme coins (including PEPE), which makes it more attractive to other investors. The presale is still in its early stages, and participating in MNTR now can allow you to earn up to 700% when MNTR goes live.
website: https://moontaurus.com/Link tree: https://linktr.ee/moontaurus
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment, or financial advice.
