A seasoned expert in crypto trading, renowned for consistently identifying profitable long-term investments, has now set sights on three altcoins poised for significant growth in September 2024. This expert, whose insights have been highly sought after by investors, has built a reputation for accurately predicting market movements, especially within the altcoin sector. This expert’s latest forecast highlights Pepe (PEPE), Cardano (ADA), and the emerging MoonTaurus (MNTR) token as the top contenders for the coming month.
Pepe (PEPE): Bullish Momentum Ahead
Pepe, the third-largest meme coin, is currently experiencing a period of bullish momentum, driven by a retest of the double-bottom price action pattern. According to the latest analysis, Pepe’s price action suggests a potential 40% surge in the coming days, with the token possibly reaching the $0.0000128 level. This comes on the heels of a bullish breakout on August 24th, where PEPE closed a daily candle above the neckline of the pattern, signaling a strong upward trend.
The current market sentiment is overwhelmingly positive, further fueled by a recent interest rate cut announcement. As traders continue to take long positions, the key liquidation levels stand at $0.00000891 on the lower end and $0.00000926 on the upper side. If Pepe’s price hits the upper threshold, it could trigger the liquidation of nearly $785,000 worth of short positions, reinforcing the bullish outlook. With 67.69% of PEPE holders already profitable, according to on-chain data, this meme coin is set to capitalize on its momentum, making it a prime candidate for substantial gains in September.
Cardano (ADA): Overcoming Setbacks to Reclaim Growth
Cardano, known for its strong community and innovative blockchain technology, has faced some challenges recently, most notably the delay of the Chang hard fork. This delay caused a temporary dip in ADA’s bullish momentum, leading to a 3.7% drop in price to $0.3857. Despite this setback, ADA remains a formidable player in the crypto market, with only one major resistance level standing between it and significant price gains.
The Cardano network has seen a decline in profitability and trading volume, with the daily profit ratio dropping to its lowest point since mid-August. However, technical indicators like the Chaikin Money Flow (CMF) suggest that buying pressure is building, hinting at a potential upward breakout. If ADA can close above $0.4355, which coincides with the 200-day EMA, it could mark a trend reversal that might push the price towards targets of $0.50, $0.60, and $0.70. Investors holding ADA through this turbulent period could see substantial returns as the market stabilizes and confidence in the project is restored.
MoonTaurus (MNTR): A Meme Coin with Serious Gains
While Pepe and ADA show great potential, the spotlight also falls on MoonTaurus (MNTR), a meme coin that has already seen a 100% price jump recently. MoonTaurus has entered Stage 2 of its presale, with the current price set at $0.01. Investors purchasing MNTR now stand to gain 700% profit at launch, with the token’s price projected to reach $0.07.
Phase 1 of the MNTR presale sold out quickly, raising $300,000 and attracting over 1,000 holders. With insiders from notable tokens like Pepe now participating in the MoonTaurus presale, the token’s financial prospects are highly promising. Analysts predict a strong post-launch performance, driven by the growing demand for meme coins and the strategic positioning of MoonTaurus in the market.
As September approaches, the focus is on these three altcoins—Pepe, ADA, and MNTR—with each showing unique strengths and growth potential. However, MoonTaurus, with its impressive presale performance and potential for high returns, remains a standout choice for investors looking to maximize their gains in the meme coin market.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
Source: https://www.cryptopolitan.com/crypto-expert-predicts-top-3-altcoins-that-will-take-off-in-september-2024/