The cryptocurrency market is filled with new opportunities, but it takes a seasoned eye to spot the next big thing before it explodes. A top crypto trader on X, who accurately predicted the approval of spot Ethereum ETFs in the U.S., has recently made bullish comments about PEPE rival MoonTaurus (MNTR). The trader mentioned having a “good feeling” about the meme coin following remarkable success in its ongoing presale, including a 100% spike as the presale entered its second phase. According to the trader, MoonTaurus (MNTR) is gearing up to be one of the biggest meme coins of the 2024 bull run.
Spot Ethereum ETFs Go Live, But ETH Stagnates
The crypto trader, whose name has become synonymous with accurate predictions, has built a reputation for deep analysis and timely calls. He accurately predicted the approval of the nine spot Ethereum ETFs that went live in the U.S. in July.
Data by Farside shows that as of August 15, BlackRock’s ETHA ETF leads the group in terms of net inflows at $966 million, followed by Fidelity’s FETH at $437 million. On the other hand, Grayscale’s ETHE has recorded over $2.3 billion in outflows. This is because, unlike the other eight issuers of these financial products, Grayscale just uplisted from the OTC market to the New York Stock Exchange and is not entirely new. Still, these outflows have continued to weigh on ETH’s price, with the asset remaining stagnant over the past few weeks.
The price of Ethereum is $2,559.38, down 3.3% in the last 24 hours. ETH has remained range-bound for several weeks, with key resistance at the psychological $3,000 level.
Why MoonTaurus (MNTR)?
MoonTaurus (MNTR) is not just another meme coin riding on the coattails of successful projects like PEPE. The newcomer features a unique design that sets it apart from its predecessors. MoonTaurus was launched in presale towards the end of July. The presale was an instant success, with the opening stage raising $300,000 and attracting over 1,000 unique token holders in under two weeks. The presale consists of 10 stages, each with its own token allocation and characterized by a price increment.
The first phase saw users snap up 60,000,000 MNTR at $0.005. As the presale entered phase two, the price jumped to $0.01, a 100% increase. These price jumps will continue for eight more phases until a launch price of $0.07. This guarantees investors participating in the second phase a 7x return even before the meme coin achieves full penetration.
Upon launch, market analysts have predicted a strong rally for MoonTaurus, including a $1 target by the end of 2024 and up to 100x returns at the peak of the bull market. Additionally, the team has set a goal of achieving a $1 billion market cap. If successful, this would rank MoonTaurus among the leading meme coins in the 2024 bull run. The team has launched an aggressive marketing campaign to fuel this goal and will collaborate with influential figures, including artists, to further promote the project. This stems from their knowledge that a meme coin is as strong as its community.
MoonTaurus has also introduced a $100,000 community giveaway to reward its early supporters. To participate, members are required to follow the project across social media and engage in simple promotional activities.
A top crypto trader with a track record of success predicting a successful run for MoonTaurus is a big deal, giving the new PEPE rival credibility and highlighting its potential. In addition, MNTR has attracted whale investors from top meme coins, including PEPE, making it even more appealing to other investors. The presale is still in its early stages, and participating now positions you for gains of up to 700% when MNTR goes live.
Website: https://moontaurus.com/Linktree: https://linktr.ee/moontaurus
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Source: https://cryptodaily.co.uk/2024/08/crypto-trader-who-accurately-predicted-ethereum-etf-approval-has-a-good-feeling-about-this-pepe-alternative-after-a-recent-100-jump