On July 23, 2024, the first Spot Ethereum Exchange-Traded Funds (ETFs) began trading in the US markets. This milestone is a big step forward in the cryptocurrency market, giving institutional investors and individuals a regulated and secure way to gain exposure to Ethereum’s price movements.
The launch of these ETFs has positively impacted the altcoin market. A notable beneficiary is MoonTaurus (MNTR), a new meme coin project whose presale has skyrocketed over the last few days and is now approaching the end of stage one.
ETH ETFs Go Live
Nine ETFs tied to the spot price of Ethereum launched simultaneously, with net inflows of $107.8 million on their first day of trading. Trading volume reached approximately $1.1 billion, a notable achievement for a debut. The Grayscale Ethereum Trust, which converted from a publicly traded trust to an ETF, began trading with more than $9 billion in assets and saw $484 million in outflows.
The price of Ethereum has remained relatively stagnant since the launch, trading at around $3,300 at the time of writing. The asset has soared 45% year-to-date, despite being still below its $4,800 peak set during the 2021 bull cycle.
MoonTaurus Presale Skyrockets Amid ETFs Excitement
The launch of spot Ethereum ETFs has had a positive impact on the entire crypto market, attracting more investors. MoonTaurus has been a major beneficiary of this trend, with investor interest in its presale skyrocketing in recent days.
The first phase of this presale, priced at $0.005, is nearly complete, with a 100% price increase set to occur as it moves into phase two. This has attracted many smart investors looking to capitalize on the ground-level prices. After the presale, MoonTaurus will debut on top decentralized exchanges at $0.07—a 1400% return on investment from its current price.
MoonTaurus has a finite supply of 3,000,000,000 MNTR tokens. 40% of this supply is allocated to the ongoing presale, allowing early supporters to get in before the broader market. This opportunity has sparked widespread interest, with analysts reporting that whales who invested in PEPE before its historic rally in 2023 are buying MNTR. Attention from these seasoned investors demonstrates a strong belief in the project’s potential.
A PEPE-like rally for MNTR would deliver outsized returns to early investors, turning as little as $1,000 into millions. This is not unheard of in the meme coin market, making MoonTaurus a project to watch in 2024. Analysts are also optimistic about the project, predicting returns of 5000% to 10,000% by the end of 2024.
Spot Ethereum ETFs in the US mark a significant milestone for the cryptocurrency market. It lends credibility to the asset class and attracts new investors. Among the key beneficiaries of this renewed interest is MoonTaurus. The meme coin’s presale campaign has accelerated over the past few days and is now nearing the end of its first stage.
Currently priced at $0.005, MNTR will launch at $0.07 after the presale, providing a 14x ROI for early adopters. Analyst predictions are even more optimistic, forecasting returns of 50x to 100x by the end of the year. Join the MoonTaurus presale today to secure your position before MNTR skyrockets.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
