As we approach the final quarter of 2024, investors are watching two meme coins, Shiba Inu (SHIB) and MoonTaurus (MNTR), for end-of-year gains. Both meme coins have attracted investor attention, but they have varied potential for growth.
Shiba Inu (SHIB): How High Can the Dog Coin Climb?
Shiba Inu (SHIB) gained popularity during the 2021 bull run, when it skyrocketed over a million percent to create a wave of meme coin millionaires. The dog-themed meme coin was created as an Ethereum-based alternative to Dogecoin (DOGE). SHIB briefly surpassed Dogecoin in market capitalization in 2021, but DOGE eventually reclaimed the top spot.
Shiba Inu is the second-largest meme coin and the 15th largest cryptocurrency overall, with a market cap of approximately $8 billion. The coin’s price at the time of writing is $0.0000137. This represents a 20% drop in the last month and is more than 80% below the all-time high. Despite this dip, SHIB has shown some resilience, with a 6% gain over the last seven days and a 1.3% increase in the past 24 hours. The recent downturn in SHIB’s price can be attributed to a broader market shakeout that saw Bitcoin briefly fall below $50,000.
Predictions for the price of SHIB in Q4 2024 vary, but overall sentiment remains positive. According to CoinCodex, SHIB could reach $0.00006038 by the end of the fourth quarter. Gov.Capital provides a more conservative estimate of $0.000054051, while DigitalCoinPrice is less optimistic, predicting a price of $0.0000291. Although sentiment is generally bullish, a dramatic Shiba Inu surge is not expected in Q4.
MoonTaurus (MNTR): Next Big Meme Coin?
MoonTaurus (MNTR) is a newcomer in the crypto market, having launched its presale in late July 2024. MNTR, with a bull as its mascot, introduces a unique “bull meta” that differentiates it from the more popular dog and cat meme coin narratives. This has received a lot of attention and support from meme coin investors looking for something different. Early movers in meme coin narratives are known to establish a lasting presence, even as new projects attempt to carve out their own share of the market.
The MNTR presale has been remarkably successful. In the first stage, the project raised $300,000 and sold 60,000,000 MNTR tokens within a matter of days. The presale has since moved to its second phase, with the token price doubling from $0.005 to $0.01. Gradual price increases will continue until a final launch price of $0.07 after stage 10. This guarantees a 700% return for investors buying in the second stage of the presale. Furthermore, experts have made bullish predictions for MoonTaurus after its launch. With expectations that MNTR could surpass $1 by the end of 2024, early investors could see a remarkable 100x return from the current price. This ranks MoonTaurus miles ahead of Shiba Inu, which is only expected to experience a modest increase.
What Makes MoonTaurus the Better Choice?
MoonTaurus has a robust marketing campaign planned, including collaborations with artists, influencers, and digital content sites. The campaign seeks to increase market penetration and build a strong community around the project. In addition, the MoonTaurus team has set a target of reaching a $1 billion market cap for the meme coin, a goal that reflects their commitment to making the project a success.
MNTR has a capped supply of 3 billion tokens. This limited supply model is expected to enhance the token’s value as demand grows. In contrast, Shiba Inu has an enormous token supply of over 500 trillion tokens, which has diluted its value and limited its growth potential.
MoonTaurus has also attracted whales and early investors from large meme coins, including Shiba Inu, lending credibility to the newcomer. Their confidence in MNTR’s potential suggests that the meme coin could become a top performer in 2024.
The crypto market is primed for a rally in Q4, with Shiba Inu (SHIB) and MoonTaurus (MNTR) expected to be among the gainers. Shiba Inu (SHIB), currently priced at $0.000013, is expected to rise to as high as $0.000060, offering substantial gains. MoonTaurus (MNTR), on the other hand, could experience a sharp rally to $1, providing presale stage 2 investors with a 100x return. Don’t miss this opportunity.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
