On August 7, 2024, a federal court ruled in Ripple's favor, rejecting the Securities and Exchange Commission's (SEC) allegations that the company violated securities laws. The court imposed a $125 million penalty on Ripple, significantly reduced from the SEC’s initial demand of $2 billion. XRP’s price surged above $0.60 following the news, reflecting the positive sentiment around the ruling. This rally has since cooled off, with XRP now hovering above $0.55.
One crypto expert, who had long predicted this outcome and the XRP rally that would follow, has reemerged with a new forecast. The expert now points to the undervalued newcomer MoonTaurus (MNTR) as a strong buy for 2024, suggesting the cryptocurrency could rise by as much as 1,400% before the end of the year. Given his past success in market predictions, this new forecast carries significant weight.
Ripple, SEC Four-Year Legal Battle Ends
In December 2020, the SEC sued Ripple, the parent company of XRP, alleging that it had raised over $1.3 billion by selling XRP in an unregistered securities offering. This marked the beginning of a four-year battle that negatively impacted XRP’s price. While most cryptocurrencies surged to new highs during the 2021 bull run, XRP only managed modest gains and remained below its 2018 highs.
However, the case reached a conclusion earlier this month, with Ripple emerging victorious. The court rejected the SEC’s allegations of fraud or financial harm, finding no evidence of wrongdoing by Ripple. While the watchdog has chosen not to appeal the court’s decision on penalties, they may still contest the July 2023 summary judgment that labeled secondary XRP sales as non-securities. This could lead to further legal action, although it is unlikely that they will challenge the recent order on penalties.
The win has had a positive influence on XRP’s price, with the asset forming new highs at $0.64. However, as excitement wanes, XRP has retraced some of these gains, dropping to $0.55 at the time of writing. Despite this recent victory, the token has not seen a rally as strong as many expected. For context, following the 2023 decision that labeled XRP a non-security, XRP doubled in price within 24 hours. However, following the recent decision, XRP only soared approximately 25%. This has led to skepticism among investors, with some questioning the token’s potential.
MoonTaurus (MNTR) to Soar 1400%
MoonTaurus has entered the market with a presale that has quickly captured the attention of the crypto community. The presale is divided into 10 stages, each with a specific token allocation and a scheduled price increase. The first phase of the presale sold out rapidly, with over 1,000 investors purchasing 60 million MNTR tokens at a price of $0.005 to raise $300,000. As the presale progressed to the second phase, the price doubled to $0.01.
MoonTaurus distinguishes itself from traditional meme coins like Dogecoin and Shiba Inu through deflationary tokenomics. While Dogecoin, for example, has an inflationary supply model, MoonTaurus has a capped token supply of 3 billion MNTR. This limited supply creates a scarcity that can drive up the token's price with growing demand, making it an attractive option for investors.
Moreover, MoonTaurus is backed by a team of marketing specialists who are aware of the importance of community engagement in the success of a meme coin. The team has already launched an aggressive marketing campaign and plans to collaborate with influential figures and artists to further boost the project's brand.
This approach to branding and community-building is designed to help the project achieve maximum market penetration and a $1 billion market cap—a key milestone that would place MoonTaurus among the top-performing meme coins of the cycle.
Expert Predictions
According to the expert, MoonTaurus is on the cusp of a major rally, with the potential to deliver returns of up to 1,400% by the end of 2024. This prediction is not just based on the token’s unique characteristics but also on the broader market dynamics that could work in its favor.
As the presale progresses through its remaining stages, each phase will see an increase in the token price, culminating in a launch price of $0.07. This price trajectory guarantees early investors significant returns, with those participating in the second phase of the presale set to see a 7x return. In the long term, the expert forecasts even more impressive gains for MoonTaurus, with the possibility of a 50x return before the end of this bull cycle.
For investors aiming for high returns, these predictions from a proven expert make MNTR a must-buy. Purchasing MNTR today allows you to position yourself before the token takes off. Take advantage of this opportunity and set yourself up for gains of up to 5,000% by 2025 by joining the MoonTaurus presale.
Website: https://moontaurus.com/Linktree: https://linktr.ee/moontaurus
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
