Shiba Inu (SHIB) is experiencing its longest decline on record, with its price consistently dropping for eight days, now trading at approximately $0.00001136. This significant 33.92% decrease over the past week is compounded by a “death cross” pattern on its 4-hour chart, indicating potential further declines amidst a broader market downturn.
In contrast, MoonTaurus (MNTR) is gaining momentum in its presale phase. Having raised $230,000 in just a few days with 80% of the first-stage tokens sold, MNTR is poised for a 1300% return by its launch. The token’s built-in scarcity and strategic marketing plan are driving strong investor interest, positioning MNTR for substantial gains in 2024.
Shiba Inu Poised for Decline Amid Market Downturn
Shiba Inu is facing a potential decline as the broader cryptocurrency market experiences a downturn. Over the past eight days, the token has steadily decreased in value, marking its longest losing streak to date. As of August 5, 2024, Shiba Inu’s price has dropped significantly by 33.92% over the past week, settling around $0.00001136. This decline has pushed the token below a crucial support level, raising concerns about further price drops.
The appearance of a “death cross” pattern on Shiba Inu’s 4-hour chart has intensified worries among investors. This pattern, where the short-term moving average crosses below the long-term moving average, is typically seen as a bearish signal. Combined with the broader market’s 16.59% decline, which has affected many cryptocurrencies, the potential for Shiba Inu’s price to fall further is high. Despite these challenges, the support zone between $0.000008 and $0.000013 may offer a foundation for potential recovery if it holds.
MoonTaurus (MNTR)
While the entire market is experiencing a downturn, investors have an opportunity to invest in MoonTaurus (MNTR), which is currently in its presale phase and promises significant returns. The token is presently in the first stage of the presale, priced at $0.005 each. With 90% of the first stage tokens already sold in just a few days—totaling $270,000—MNTR is approaching the second stage, where the price will increase by 100% from the initial rate.
Investors are feeling a sense of urgency due to the rapid sell-out, and there is a concern of missing out on purchasing tokens at the lower price. Given that the launch price will be $0.07, those who invest at the initial stage are set to achieve a guaranteed profit of 1300%.
The team has a well-structured roadmap and has already started working on several products. Below are their plans for this project:
- Smart Contract Launch: Secure and audit the smart contracts to establish a reliable foundation.
- Marketing Campaign: Implement a marketing strategy to increase visibility and attract investors.
- Strategic Partnerships and Listings: Form partnerships and list the token on top exchanges to improve liquidity and accessibility.
- Market Cap Target: Aim for a $1 billion market cap to signal strong growth potential.
- Community Engagement: Foster a robust and engaged community to support long-term success.
The team has implemented a well-structured tokenomics model with a total supply of 3 billion tokens. The allocation is as follows: 40% is allocated for the presale phase, 30% is reserved for marketing efforts, 20% is dedicated to exchange liquidity, and 10% is set aside for community rewards. This distribution ensures a balanced approach to growth, visibility, and support for the token.
The tokenomics also include built-in scarcity with a capped supply of 3 billion tokens. This scarcity is beneficial because it creates a fixed supply, which can drive up demand as more investors seek to acquire tokens. As the number of available tokens remains limited while demand increases, the value of the token is likely to rise, leading to higher returns for investors.
MoonTaurus is hosting an exciting giveaway of $100,000, which will be shared among 10 winners. To enter, participants need to follow MoonTaurus on its official social media channels and stay updated on the latest announcements for entry details.
In summary, while Shiba Inu faces a potential decline amid a broader market downturn, MoonTaurus (MNTR) is emerging as a promising investment with substantial growth prospects. The MNTR presale is attracting significant interest due to its built-in scarcity and strategic plans, offering early investors the chance for substantial returns. With ongoing developments and a $100,000 giveaway, MoonTaurus stands out as a notable opportunity in the current market space.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
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