The cryptocurrency market is facing volatility as PEPE price stagnates, struggling to resume its uptrend and hovering above key support levels. The meme coin market, known for its volatility, has seen rising selling sentiment, especially among short-term holders of PEPE, leading to concerns about its recovery. Amid this uncertainty, a new coin, MoonTaurus (MNTR), has attracted investors’ attention with its good pre-sale performance and strong future prospects. Experts suggest that investors may find better opportunities by shifting their attention to MoonTaurus, which is expected to reach $1 by the end of the fourth quarter of 2024.
PEPE price stagnation: short-term holders pose risk to recovery
PEPE price faces mild consolidation and potential downtrend as investor sentiment remains mildly bearish. This could hamper the meme coin’s chances of recovery, although a sharp drop may not be expected.
Short-term holders (STH), who typically hold assets for less than a month, account for 20% of PEPE’s circulating supply, up from 14% after the mid-July rally. Although this percentage is not high, their presence exacerbates the overall selling sentiment. Active addresses show that more than 25% of investors are currently in profit, which is a concern because these investors are prone to selling.
PEPE was trading at $0.00001173, slightly above its critical support at $0.00001146, but failed to break above $0.00001369, resulting in limited profits. If the selling pressure increases, PEPE may lose support and may fall to $0.00001007, with no recovery in sight.
MoonTaurus (MNTR): An emerging token to watch
As PEPE struggles, MoonTaurus (MNTR) has become a top choice for investors. MoonTaurus is currently at the beginning of its presale and has raised over $150,000 with a token price of $0.005. MNTR has quickly gained popularity among investors due to the promise of significant returns. The presale is designed to provide significant returns, with the price increasing by 100% in the next phase. The price will continue to increase gradually during the presale until it reaches the token’s launch price of $0.07. This presale structure ensures that early investors can receive returns of up to 1400% before the token realizes its full market potential.
Market analysts predict a promising future for MoonTaurus, predicting that the token price will reach $1 by the end of the fourth quarter of 2024. The project’s strong fundamentals, strategic presale, and planned listings on decentralized and centralized exchanges contribute to this optimistic outlook. MoonTaurus aims to achieve a market cap of $1 billion, making it one of the leaders of meme tokens.
MoonTaurus’ token supply is capped at 3 billion, with a strategic allocation plan – 40% for pre-sale investors, 30% for marketing, 20% for exchange liquidity, and 10% for community rewards. Marketing activities include partnerships with artists, digital content platforms, and top market influencers to ensure widespread awareness of the meme token.
The MoonTaurus team is hosting a $100,000 raffle to engage the community, where 10 lucky participants will be rewarded for completing simple tasks, including following memecoin accounts on social media. This fosters loyalty and excitement, enhancing community engagement. The roadmap includes further rewards programs, exclusive community benefits, and engaging experiences to ensure continued interest and support.
As PEPE’s price stagnates and faces potential selling pressure from short-term holders, investors are advised to consider turning their attention to MoonTaurus (MNTR). With a well-structured presale, attractive returns, and strong community support, MoonTaurus is expected to offer great growth potential. The token’s limited supply and strategic market approach further enhance its appeal.
website: https://moontaurus.com/Link tree: https://linktr.ee/moontaurus
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