Recent market trends indicate that Shiba Inu investors are now shifting their focus to MoonTaurus, a new meme coin, ahead of the second stage of its presale. The presale has been a huge success, raising over $160,000 in less than a week after its launch.
Furthermore, the first stage is already more than halfway sold out, with a 100% price increase scheduled for the start of stage two. This has triggered FOMO among Shiba Inu investors, who are seeking alternative investments as the top meme coin continues to struggle.
Shiba Inu (SHIB) Upsets, Investors Looking for an Exit
Shiba Inu (SHIB) is currently priced at $0.00001596, with a 24-hour trading volume of $206.56 million and a market cap of $9.40 billion. SHIB has dropped 2.84% in the last 24 hours, 7.15% in the last week, and 7.70% in the last month. The asset is trading below its 200-day simple moving average, signaling bearish market sentiment.
According to CoinCodex, Shiba Inu's next support level is at $0.00001572, with the strongest support at $0.00001533. If the asset recovers, it will face resistance at $0.00001686, $0.00001725, and $0.00001763. However, a recovery appears unlikely based on recent performance data from Shibarium, the network's Layer 2 platform.
Shibarium has experienced a sharp decline in performance over the past month. Transactions processed dropped from 14,260 on June 30th to just 2,570 on July 30th, an 82% decrease. Additionally, metrics such as active accounts, new contracts, and verified contracts have all been on a downward trend. This poor performance has fueled investor anxiety, leading many to seek alternatives as Shiba Inu struggles to maintain its position in the market.
MoonTaurus Welcomes Shiba Inu (SHIB) Investors
MoonTaurus has emerged as a top alternative for Shiba Inu investors seeking a new path. This has drawn more attention to the meme coin’s presale, which has raised over $160,000 in less than a week. The multi-stage presale features a dynamic pricing model that will see the token price rise from $0.005 in stage one to $0.07 by the time it goes live. This guarantees a 1400% return for those who invest early in stage one. The fast approaching stage 2 will see the price double to $0.01.
MoonTaurus’s strong appeal lies in its well-defined roadmap, which has been divided into three key phases. The first phase, already underway, has seen the presale go live with a secure contract address, social media channels, and a robust project marketing initiative.
The second phase will begin at the end of the presale, with MoonTaurus launching on both decentralized and centralized exchanges. The project also plans to partner with influential figures, including artists, to further bolster its marketing campaign and expand its reach.
In the final phase, MoonTaurus will unlock special privileges for its community, including early updates and exclusive content. The project will also go live on top-tier centralized exchanges, which typically have a larger user base and higher liquidity. This will open MNTR to more traders and a wider pool of liquidity, further enhancing its market presence and growth potential. MoonTaurus is running a $100,000 giveaway to reward its growing community. To participate, simply follow the project across its social media channels.
Despite its recent launch, MNTR has quickly become a favorite among investors, including those from the Shiba Inu community. These investors, feeling the impact of SHIB’s recent underperformance, are rushing to secure their share of MNTR tokens before the presale enters its second phase, where the price is set to jump by 100%. Early investors are positioning themselves for returns of at least 1400% when MoonTaurus launches.
Website: https://moontaurus.com/Linktree: https://linktr.ee/moontaurus
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