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Bitcoin has experienced another decline, now falling to $59,000, which has raised concerns among investors regarding its stability. As it strives to uphold crucial support levels, a growing number of individuals are starting to investigate alternative, more promising opportunities.
One such opportunity is MoonTaurus (MNTR), a rising star in the crypto world. Experts are already recommending it as a strong alternative with significant growth potential in 2024. With a successful presale and a clear roadmap for the future, MoonTaurus is quickly becoming a top choice for those seeking new investment options.
Bitcoin Falls to $59,000
On August 27, Bitcoin suffered extreme selling pressure that led to a loss of more than 6% as it briefly plummeted to a low of $57,880 before trying to recover. Most of the move lower occurred in less than an hour after Bitcoin broke below the key support line near $61,000, which triggered a cascade of sell orders. At last check, Bitcoin changed hands at about $59,300, and further down 6% in the last 24-hour period with bulls trying to steady the market.
The overall cryptocurrency market followed Bitcoin’s course downward, leading to heavy losses across the board among the majority of altcoins. Ethereum took the most damage by falling close to 10% to a three-day bottom of $2,388, but it had since bounced from that point. Solana saw significant losses as well, falling back as low as $145 before rebounding somewhat. For the time being, Ethereum changes hands at $2,454, with Solana at $147, both down from their record highs.
More than $300 million of liquidation has taken place in the market in the last 24 hours, and this number was mainly contributed by a four-hour timeframe of liquidations. Longs dominated most of these. Bitcoin accounted for $73.35 million of the liquidation, followed by Ethereum at $59.99 million and then Solana with $8.9 million. This continues to increase volatility in the market.
The TON stands out today as one of the unusual winners during the last 24 hours, placing itself 4.8% up. Yet, even it has been facing the battle of falling by 20% over the past week due to events greatly outside of its control, such as the arrest of Telegram creator Pavel Durov on the streets of France. Other cryptocurrencies performed differently, showing ongoing uncertainty and instability in the market.
Experts Suggest MoonTaurus (MNTR)
Some experts now are starting to include MoonTaurus in their recommendations as a very viable alternative, more so with the recent drop of Bitcoin at $59K. MNTR was gaining investors attention due to its high potential for big growth in 2024. So far, the presale stage of the token has been doing very well, gathering more than $400,000 to date, which means a great deal of confidence by investors in the project. This also sets in early momentum for the idea that MoonTaurus may have a potential investment strategy in exercise, while Bitcoin is under volatile bouts of attack.
MoonTaurus is now in the second phase of its presale. Tokens are being sold at $0.01 each. The presale is structured into ten stages, with the final launch price expected to reach $0.07. In the first stage alone, 60 million tokens were sold for $0.005 each and raised $300,000 in less than two weeks. This successful, fast-paced raise in investment signals great interest and confidence in this project, respectively, holders of this token already number over 2,000.
Indeed, the second phase, having 100 million tokens, gives a chance for early investors to invest at a lower price pre-official launch. Early investment can be made for $0.01, which can yield up to 700% more after the token price crosses $0.07. This phase thus becomes very important for more investors to invest and get returns on the probable price hike of the token.
The MoonTaurus team has charted a long-term roadmap focused on creating a secure smart contract, building an active community, and implementing a robust branding and marketing campaign. The work will involve the official token release of MNTR, strategic partnerships, listings on top exchanges, and promotional events. This will help position MoonTaurus in the mainstream, reach a market capitalization of $1 billion, and offer unique benefits to the community.
MoonTaurus (MNTR) Tokenomics
MoonTaurus total token supply is 3 billion MNTR, distributed in such a way as to foster the development of the project. The distribution is set at: 40% of the tokens are given for the presale phase, since that would provide early funding for the project and ensure engagement with the investors. In addition, 30% of the total supply goes toward marketing-related activities geared at developing the brand and expanding outreach for the project. Liquidity requirements are addressed by allocating 20% of the tokens, thereby ensuring seamless trading and maintaining financial stability. The remaining 10% is designated for community rewards, which incentivizes active engagement and fosters long-term support from the project’s advocates.
The limited supply of MNTR tokens creates an implicit scarcity, thus having the potential to increase the value of the token as demand rises. The total supply of MoonTaurus tokens is capped at 3 billion tokens, so oversupply or devaluation of the tokens cannot take place. Such scarcity encourages interest and investment due to a smaller number of tokens available on the market, increasing their demand and value.
In addition to the 10% community reward allocation, this section also involves a major activity: the $100,000 Giveaway. One of the important events so far that MoonTaurus has been working on for high community engagement and new investors alike. Participation entails one having to perform certain tasks pointed out by the team, such as following MoonTaurus across different social media platforms. Detailed information about these tasks can be found on the official website.
MoonTaurus (MNTR) comes strong with a great potential for increase. With a very successful presale launch and clear roadmap that includes a huge community giveaway, MNTR is becoming very attractive. MoonTaurus is an interesting opportunity for people looking for something new within the dynamics of cryptocurrencies.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
Source: https://finbold.com/bitcoin-drops-to-59k-again-experts-recommend-this-alternative-with-high-potential-for-2024/