DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please .
XRP has been enjoying a surge in price and market attention following its recent legal victory against the U.S. Securities and Exchange Commission (SEC). The ruling, which resulted in Ripple paying a $125 million fine but escaping the more severe penalties sought by the SEC, has reignited investor interest in the token.
Despite this renewed momentum for XRP, market analysts are increasingly recommending MoonTaurus (MNTR), a new meme coin, as a top investment for 2024, predicting even greater gains ahead.
XRP’s Legal Victory and Market Response
XRP has been on an upward trend over the past few days following the conclusion of its four-year legal battle with the SEC. The asset has risen 3% in the last 24 hours and 18% over the past week. On July 31, 2024, a federal judge ruled that Ripple’s sale of XRP to institutional investors violated securities laws. However, the judge also determined that XRP’s sales on public exchanges did not constitute the sale of securities, a huge win for Ripple and the broader cryptocurrency market.
Following this ruling, XRP saw a surge in price as investors reacted to the news with optimism. The decision to impose a $125 million fine, much lower than the $1 billion initially sought by the SEC, further boosted market sentiment. Ripple was also prohibited from violating federal securities laws in the future, a stipulation that could impact its operations going forward. Despite these restrictions, the market viewed the ruling as a relative victory for Ripple, which has seen the price of XRP respond positively.
MoonTaurus (MNTR) Excels in Presale
Despite XRP’s positive momentum, MoonTaurus (MNTR) has taken the spotlight, with analysts recommending it as a stronger buy for 2024 bull run gains. The meme coin, currently in presale, has seen significant investor attention, recently completing the opening stage of its presale in under two weeks. In this phase, over 1,000 investors purchased 60,000,000 MNTR tokens, raising $300,000. Since then, the token’s price of $0.005 has seen a 100% jump and is now priced at $0.01 in stage 2 of the presale.
The campaign is set to continue through eight more stages, with gradual price increases leading to a launch price of $0.07. This guarantees stage 2 investors a 700% return on their investment at launch. In addition, analysts believe MoonTaurus will soar even higher, with predictions targeting a $1 price by the end of the year and gains of 50x to 100x by the end of the 2024-2025 bull cycle.
The team behind the project has launched an aggressive marketing campaign to ensure the success of MoonTaurus. Out of a capped 3 billion token supply, 30% has been set aside for these marketing initiatives. Later stages will see the project partner with artists and top market influencers to engage a wider audience.
Besides a strong marketing campaign, MNTR is also focused on rewarding early participation. Forty percent of the total token supply has been allocated to the ongoing presale. Investors who bought MNTR in stage one will reap up to 1400% gains at launch. In addition, stage two investors are set to gain up to 700%. This is made possible by a dynamic pricing model that incentivizes early participation.
Moreover, a capped token supply allows for value appreciation. As demand grows and supply remains the same, MoonTaurus is likely to skyrocket in price. This model contrasts with traditional meme coins, which either have an inflationary token supply or a massive token supply—sometimes in the trillions, as seen with Shiba Inu.
MoonTaurus has recorded strong whale interest in the initial stages of its presale. These deep-pocket investors, who were early investors in top meme coins like PEPE, are now accumulating MNTR during its presale. Their involvement has attracted more attention to the project and provided additional credibility to its potential.
While XRP has bagged a strong win heading into August, MoonTaurus (MNTR) still remains an investor and expert favorite. Despite its nascency, the meme coin shows strong growth potential, attracting even giant crypto whales. These investors are known for being strategic about their moves, which has given MNTR more credibility in the market. If you are looking for a top meme coin to invest in ahead of the next market rally, MoonTaurus (MNTR) is a strong candidate. Analysts predict up to 100x returns for the new market entrant.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
Source: https://finbold.com/xrp-surges-amid-market-optimism-yet-analysts-recommend-moontaurus-mntr-for-2024-gains/