A top crypto analyst on X (Twitter), known for his precise market predictions, has recently identified three meme coins he believes are set to dominate the market. His analysis, often praised for its accuracy, has gained a loyal following. Earlier this year, the analyst correctly predicted the 2024 meme coin mania, a surge that saw meme coins gaining unprecedented popularity. The analyst has now singled out three meme coins—PEPE, BONK, and MoonTaurus (MNTR)—as the top picks for investors looking to capitalize on this trend in Q4.
2024 Meme Coin Mania: A Review
2024 has seen a significant shift in the crypto market, with meme coins emerging as one of the most popular investment narratives. This trend was particularly evident in the first and second quarters of 2024, where meme coins captured a substantial portion of the market’s attention. In Q1 alone, the top 10 Solana-based meme coins grew by over 800%, contributing an additional $8.32 billion to the market cap. Notably, the meme coin frenzy continued into Q2, with meme coins accounting for 14.3% of the market share, further solidifying their position as a dominant force in the crypto market. Heading into the last quarter of the year, the analyst has singled out the following three meme coins as must-buy opportunities for investors looking to make outsized returns.
PEPE Poised for Recovery
PEPE has been a top player in the meme coin market, attracting a strong following since its launch. The coin recently experienced a downturn, but according to the analyst, this may be the perfect opportunity for investors. PEPE’s short-term holders, typically selling within a month, have reached an all-time low of 8%. This reduction in selling pressure has created a more stable environment for PEPE, setting the stage for potential gains.
Moreover, the Chaikin Money Flow (CMF) indicator, which measures the flow of capital into and out of an asset, suggests strong inflows for PEPE. These factors point to a likely recovery, with the analyst predicting a possible breakout from its current price pattern.
BONK to Ride the Momentum
BONK, another meme coin on the analyst’s radar, has also shown significant promise. As the fifth largest meme coin by market capitalization, BONK has recently experienced a price surge of 18.77%, with trading volumes spiking by 17.7%. Despite its recent gains, BONK still trades below its previous highs, suggesting further upside potential.
The analyst notes that BONK has entered the third wave of the Elliott Wave cycle, a phase known for its rapid price acceleration. This positions BONK for continued growth, with the potential to reach new highs in the coming weeks.
MoonTaurus (MNTR) To Be The Next Big Thing in Meme Coins
Perhaps the most intriguing of the analyst’s recommendations is MoonTaurus (MNTR), a meme coin that has quickly gained traction among investors. MNTR stands out not just for its growth potential but for the strong financial backing it has already secured. Having sold out in its first phase of the presale, and raised over $400,000, MoonTaurus is now in Stage 2, with tokens selling at $0.01. Early Phase 2 investors are positioned to see a 700% profit at launch, with the expected price reaching $0.07.
MoonTaurus has already garnered attention from insiders who previously invested in successful meme coins like Shiba Inu. These seasoned investors recognize the potential in MNTR, further boosting its credibility. The analyst points out that MoonTaurus’ current momentum, coupled with its strong presale performance, makes it an attractive investment. With over 9.9 million tokens already sold in the second phase, the demand for MNTR is clear, suggesting that it could be the next big player in the meme coin market.
The analyst’s top three meme coins—PEPE, BONK, and MoonTaurus (MNTR)—offer distinct opportunities for investors looking to capitalize on the ongoing meme coin mania. PEPE is set for a potential breakout, BONK is riding a wave of momentum, and MoonTaurus is attracting significant investor interest with its promising presale results. As the 2024 meme coin mania continues to unfold, these coins represent some of the best investment options in the current market. Investors looking to participate in this trend would do well to consider these recommendations, especially as the crypto market remains highly dynamic and full of opportunities.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
Source: https://www.cryptopolitan.com/analyst-who-predicted-2024-meme-coin-mania-names-top-3-coins-to-buy-now/