Disclaimer: This article is a sponsored press release and is not editorial content of Finbold. Crypto assets/products involve significant risk. Do not invest unless you are prepared to lose your entire investment. For full disclaimer, please see .
Bitcoin's impact on the entire cryptocurrency market cannot be overstated. As the pioneer and most dominant digital asset, Bitcoin often lays the groundwork for altcoins to follow. During a Bitcoin bull run, capital inflows into the market ripple through altcoins, driving their prices up as well. If Bitcoin hits $100,000 in Q4 2024, it could spark an upswing in the entire cryptocurrency market.
One of the altcoins that stands to benefit most from Bitcoin’s bull run towards $100,000 is the recently launched meme coin MoonTaurus (MNTR). MNTR has already performed impressively during its presale, rising 100% during the period, but a rally in the larger cryptocurrency could amplify its gains.
Bitcoin Price Prediction: $100,000 in 2024?
As of August 20, 2024, Bitcoin is trading at $60,350, up 3.05% in the past 24 hours. This follows a 25% recovery from the August 5th financial market crash, which saw Bitcoin's price briefly drop below $50,000. BTC is up 43.09% year-to-date and is just 18% below its all-time high recorded in March of this year.
Overall market sentiment towards Bitcoin is neutral. Technical analysis by CoinCodex shows that 20 indicators suggest a bullish trend and 10 indicators show a bearish signal. Over the next month, Bitcoin is expected to rise 38.25% to $83,744. Looking ahead to Q4 2024, Coinpedia predicts that Bitcoin could reach $120,000, suggesting high growth potential in the coming months.
MoonTaurus: The Dogecoin Killer
MoonTaurus (MNTR) is a relatively new player in the meme coin market, but has quickly gained momentum following a strong start to its presale campaign. The campaign was a resounding success, with the first phase selling out in just over a week and raising $300,000. It then moved into the second phase, where the token price doubled from $0.005 to $0.01. Further price increases are planned as the presale progresses, with MNTR set to launch at $0.07. This means that investors in the second phase could make up to 700% profits at launch.
The meme coin will first be launched on decentralized exchanges and then listed on major centralized exchanges (CEXs). As MoonTaurus enters the broader market, it is expected to benefit from the overall market rally driven by Bitcoin's bullish momentum. Analysts predict MNTR will hit $1 by the end of the year, up 100x from its current price.
MoonTaurus (MNTR) differs from Dogecoin (DOGE) and other traditional meme coins in several ways that give it a competitive advantage in the market. One of the main differences is that MNTR's supply is limited to 3 billion tokens. In contrast, Dogecoin has an unlimited supply and an inflation rate of 2.71% as of August 20, 2024. This means that DOGE's circulating supply has grown by this percentage over the past year. This constant inflation could dilute the value of DOGE if demand cannot keep up. MoonTaurus' limited supply ensures that supply remains constant as demand increases, creating scarcity that drives up the price of the token. This is already reflected in the presale, where the price increased by 100% as interest in MNTR grew.
Additionally, while Dogecoin struggles among its dog-themed competitors, MoonTaurus is leveraging a relatively unexplored bull-themed narrative. Pioneers of new narratives are often able to achieve greater success and capture a larger market share before the competition heats up. While MoonTaurus is still in its early stages, it has significant upside potential compared to Dogecoin, which has been on the market for over a decade.
Of note, MoonTaurus has attracted the attention of deep-pocketed investors. These whales, who have previously made huge profits on top meme coins such as Shiba Inu, have been aggressively buying up MNTR during the presale. Their involvement has increased the coin's appeal, attracting more attention from the broader cryptocurrency market. This influx of whale interest strengthens MoonTaurus' bullish outlook for 2024.
What next?
As Bitcoin approaches the $100,000 mark, the ripple effects across the cryptocurrency market could be enormous. For MoonTaurus, this is an opportunity to capitalize on bullish sentiment and reach new price milestones. Experts predict a 100x growth before hitting $1, citing this meme coin's early stage success, deflationary supply, and unique meta. For investors looking to capitalize on the next big meme coin success story, MoonTaurus is a must-buy.
Website: https://moontaurus.com/
Link Tree: https://linktr.ee/moontaurus
