Market predictions from analysts with a proven track record in crypto often carry significant weight. One such analyst, who accurately called Solana’s breakout above $29—later seeing the altcoin peak at $209—has now turned their attention to the newly launched meme coin, MoonTaurus (MNTR). The analyst forecasts a steep rally for this Dogecoin (DOGE) competitor, highlighting it as a top meme coin to watch in 2024.
Solana’s (SOL) 600% Rally
Solana was one of the hardest-hit cryptocurrencies during the 2022 bear market. Its value plummeted over 85% from a peak of $259 in November 2021 to just $8 in November 2022. This decline was exacerbated by the collapse of FTX, which had close ties to Solana. However, SOL started a remarkable recovery and soon reclaimed the $20 level in 2023. It remained range-bound for most of the year until late October, when it surged above $30, embarking on a 673% rally to a local peak of $209 in March 2024.
One widely followed crypto analyst, who accurately predicted this nearly 7x jump, has now released a new bullish forecast, this time focusing on an undervalued Dogecoin (DOGE) rival. The DOGE competitor, MoonTaurus (MNTR), is a newly launched meme coin that debuted in July via presale. The presale has seen remarkable success, raising over $300,000 in less than two weeks.
MoonTaurus’ (MNTR) Steep Rally
The MoonTaurus presale is scheduled to occur in 10 stages, each with an allocated token supply and a price increase as it transitions to the next stage. Stage one, which sold out faster than anticipated, saw over 1,000 investors purchase 60,000,000 MNTR at a record pace, raising $300,000. As the presale moved to stage two, the price increased by 100%. These price increases will continue and culminate in a launch price of $0.07. This guarantees a 1,400% gain for stage one investors and up to 700% for stage two investors.
While MoonTaurus shares some similarities with meme coins like Dogecoin, it distinguishes itself in several key ways. First, the MNTR employs a capped token supply model. It features a pre-minted supply of 3 billion MNTR tokens, which contrasts with Dogecoin’s inflationary supply mechanism. A limited token supply means that as demand increases, so will the price per token, since no additional tokens will enter the market.
MoonTaurus also boasts a team of marketing specialists dedicated to growing the project’s brand. In later stages, this team will collaborate with artists and influencers to further enhance the token’s visibility and appeal. Marketing plays a crucial role in the success of a meme coin, and MoonTaurus aims to maximize its potential in this area. One of the key goals outlined in the project’s roadmap is to achieve a $1 billion market cap. Reaching this milestone would position MNTR among the top gainers of the year.
According to this analyst, MoonTaurus is primed for a strong rally following its launch. The forecast predicts a gain of up to 2,000% by the end of the year, driven by the token’s upcoming listings on top-tier centralized exchanges. Long-term projections for the meme coin suggest a 5,000% return at the peak of the 2024-25 bull run. These predictions are further supported by the significant whale interest MoonTaurus has attracted in recent days, including investors who were previously involved in other top-ranked meme coins like Shiba Inu.
MoonTaurus is a new bull-themed meme coin whose presale began in late July 2024. The presale has been successful, raising over $300,000 so far. This early success has caught the attention of an analyst who predicted Solana’s 600% breakout move in 2023. The analyst sees massive potential in MNTR and highlights it as a must-watch in 2024. For investors seeking huge returns during the 2024 bull cycle, MoonTaurus offers an attractive option.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
Source: https://www.cryptopolitan.com/analyst-who-called-solanas-sol-breakout-in-2023-sees-massive-upside-for-dogecoin-doge-competitor-priced-at-0-01/