Shiba Inu (SHIB) is one of the most popular meme coins and the second largest by market cap. While it experienced an astronomical rise during the 2021 bull run, market analysts predict a more modest climb in 2024. Specifically, SHIB is not expected to reach $1. This contrasts with predictions for its new rival, MoonTaurus (MNTR). Currently priced at $0.005 in presale, MoonTaurus is set to soar 200x and hit $1 by the end of the year.
Why Shiba Inu (SHIB) Won’t Reach $1 in 2024
The current price of Shiba Inu is $0.0000162. SHIB is down 4.4% in the last 24 hours and 14.7% in 7 days. Several factors make SHIB’s ascent to $1 highly unlikely:
Supply: Shiba Inu has a massive circulating supply of 589 trillion tokens, requiring a 9.8 million percent climb to reach $1. While SHIB has experienced significant rallies in the past, such a dramatic increase seems improbable. It would result in a market cap worth trillions of dollars, exceeding the entire crypto industry today.
Lack of Utility: SHIB is primarily a speculative investment without practical use, which limits its growth potential. In addition, SHIB has been known for extreme price volatility and is susceptible to pump-and-dump schemes by unscrupulous investors.
MoonTaurus to Reach $1 in Q4 2024
Though Shiba Inu’s hopes of reaching $1 appear unattainable, analysts predict that MoonTaurus, a new SHIB alternative, will hit this milestone in Q4 2024.
MoonTaurus is a recently launched bull-themed meme coin. MNTR is valued at $0.005 in the first stage of its presale, with a 100% price increase expected as it moves into stage two. The meme coin will launch at $0.07, a 14x return for stage one investors. Analysts predict a further 20,000% climb to $1 by December 2024.
Unlike Shiba Inu, which suffers from an enormous token supply, MoonTaurus has a capped supply of 3,000,000,000 tokens. This limited supply enables quicker price appreciation. Additionally, as a new entrant in the market, MoonTaurus has bigger growth potential than Shiba Inu.
The MoonTaurus team has launched an extensive marketing campaign to build a dedicated community around the project. They are partnering with artists, influencers, and digital content platforms to spread the word and engage a wide audience. Community members will enjoy special perks such as early updates, exclusive content, and interactive experiences, building a sense of belonging and loyalty.
Shiba Inu lacks this community-focused approach, which has led its former loyalists to switch to other meme coins, including MoonTaurus. These whales, known for spotting market gems early, have ignited a larger investor migration toward the newcomer, bolstering its position in the meme coin market. As a result, analysts are optimistic that MNTR could achieve a 200x increase, reaching $1 by Q4 2024.
The meme coin’s ongoing presale is an opportunity to invest at a discount. Join now to make sure you do not miss out on what could become the next $1 billion meme coin.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
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