While Ripple’s XRP and Shiba Inu (SHIB) dominate the crypto market, a new token, Minotaurus (MTAUR) is also gaining popularity due to the upside it holds for buyers. As a blockchain-based gaming token, MTAUR has become one of the most promising projects to achieve massive rally during the next bull run.
XRP Rally Fueled by ETF Speculation
XRP has recently been in the limelight after surging by almost 20%, while other major coins such as Bitcoin and Ethereum remained stagnant. Experts have pinned the rally on improved prospects of getting the XRP-based ETF approved, as well as what they say is a less hostile environment from the US regulators.
XRP open interest has surged by over 75% to stand at more than $1.2 billion which points to an influx of new capital.
https://twitter.com/masonjlenz/status/1855141025914012173
On the XRP weekly chart, there is an inverted head and shoulders pattern, a bullish chart pattern that may indicate a breakout. Should XRP manage to hold above the crucial $0.7440 level, analysts estimate that it may rally by almost 50% to potentially touch $1.10. Nevertheless, the future of XRP still hangs in the balance due to the issues of regulation of the sector. Buyers are still pretty cautious regarding XRP, as the legal battle with the regulators drags on for an extended period.
Shiba Inu’s Price Correction Follows Golden Cross
Shiba Inu (SHIB) has seen a golden cross, which is a bullish sign formed when the 50-day moving average is above the 200-day moving average. This pattern has been seen in the past as a precursor to a major upward swing.
Despite this, SHIB price behavior was quite the opposite of the expected as the token fell by more than 16% just after the formation of the golden cross. The analysts have attributed this down turn to short-term selling and general market conditions after a bull rally.
Source: TradingView
However, SHIB has risen more than 80% within the last 10 days due to increasing buyer interest and social media attention. The price action is considered as a short term correction and holders are expected to look for trends.
Minotaurus (MTAUR) Presale Momentum with Unique Gaming Utility
While everyone is talking about XRP and SHIB, Minotaurus (MTAUR) has been slowly but surely gathering steam in the crypto space thanks to its focus on blockchain gaming. Currently in its presale phase, MTAUR can be purchased for 0.00005981 USDT, while its future listing price is 0.00020 USDT, meaning that early holder are given an opportunity to buy at a low price.
The token is an essential part of the Minotaurus gaming platform, where users apply MTAUR to get access to special functions and goods on the platform.
In addition, the project has received positive audits on the smart contract from both SolidProof and Coinsult to serge its reliability. Minotaurus also offers bonuses for early participation as well as vesting incentives to make the coin more attractive for people who would like to buy.
What Bolsters Minotaurus’s Appeal?
Apart from serving as a gaming asset, Minotaurus has established a strong community presence, as increasing demand is fostered by the project’s clear value proposition and relatively low cost of entry. The security of the project, which is certified by third-party audits, has also contributed to early adopters’ trust.
In parallel, Minotaurus’s team is promoting the platform by offering new users the referral program and giving away up to 100,000 USDT.
Given that more and more games are starting to implement blockchain technology, Minotaurus (MTAUR) presents a possibility to buy in a still relatively new segment of the gaming market. The project’s presale success shows that it is still possible to generate demand for blockchain gaming assets, and low entry point of MTAUR makes it an attractive option for those who are looking to make a massive upside in the next crypto bull run.
Website: http://minotaurus.io/
Announcements: https://t.me/minotaurus_official
Chat: https://t.me/minotaurus_chat
Twitter: https://twitter.com/minotaurus_io
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