Polygon’s native token, MATIC, has hit a significant low, dropping to $0.34—its lowest in two years. The decline has left 98% of its holders in the red, while just 2% remain profitable. This slump occurs even as on-chain data indicates that daily transactions have yielded more profits than losses in the past 200 days. However, this hasn’t been enough to stem the tide of declining prices, with MATIC trading below key moving averages, signaling further possible downturns unless new market demand materializes.
MATIC Holders Grapple with Losses
MATIC’s steep fall from its February high of $1.52 to its current price represents a 74% decline. 97% of MATIC’s holders are currently “out of the money,” meaning they would incur a loss if they sold now. The token’s dismal performance is amplified by its current trade below critical moving averages, suggesting bearish sentiment may persist. Despite the slight rebound to $0.34, market analysts warn that MATIC could be on track for further declines unless demand picks up.
The significant loss of value underscores MATIC’s challenges in the current crypto market. While a few holders have managed to profit from daily transactions, the broader picture remains grim. As it stands, any potential recovery hinges on an influx of demand—a scenario that seems uncertain in the short term.
MoonTaurus (MNTR) Impresses Early Investors
While Polygon (MATIC) struggles, MoonTaurus (MNTR) has captured the attention of investors with its remarkable performance in presale. As the token nears the end of the presale’s first phase, it is poised for a 100% gain thanks to strong investor interest. Phase one of the presale, priced at just $0.005 per token, has nearly sold out, with 95% of tokens already snapped up. This overwhelming demand has helped the project raise over $290,000, leaving only a small window for new investors before the price doubles in phase two.
The allure of MoonTaurus lies in its early success and the scarcity of available tokens. Early investors are positioning themselves for significant gains, with only 1.2 billion tokens allocated for the presale. Additionally, the token’s capped supply and strategic marketing efforts have created a strong foundation for future price growth. As demand continues to rise and availability dwindles, investors are scrambling to secure their share before the next phase kicks in.
What sets MoonTaurus apart in the crypto market is the sheer speed at which investors are buying in. The presale has seen rapid uptake, driven by a compelling price point and the promise of substantial returns. The launch price of $0.07 presents a 1300% return for those who enter early—a figure that has only heightened the sense of urgency among investors.
Adding to that, MoonTaurus’ tokenomics are designed to maximize value for its holders. With 40% of the total supply dedicated to the presale and 30% earmarked for marketing, the project is well-positioned to maintain momentum and attract further investment. The remaining tokens are allocated to ensure liquidity and reward community engagement, fostering a stable and supportive environment for long-term growth.
MoonTaurus Investors Poised for Big Gains
The strategic planning behind MoonTaurus has not gone unnoticed by experts, who predict a steep price surge in the coming months. With phase two of the presale on the horizon and the price set to increase by 100%, the profit potential is undeniable. This has led to a rush among investors, many of whom have drawn parallels with other successful tokens like Pepe and Shiba Inu, whose early backers saw exponential gains.
In the face of MATIC’s struggles, MoonTaurus (MNTR) continues to put up a strong show in its presale. With the first phase nearly sold out and investor demand at an all-time high, the token is on track for significant growth. As MATIC holders grapple with losses, those who have invested in MoonTaurus are set to reap substantial rewards. The clock is ticking, and with phase two fast approaching, the window to invest at ground level is closing rapidly. For investors seeking a promising venture, MoonTaurus offers a strong case for the 2024 bull run.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
