Top 2 Cryptocurrencies to Watch in August 2024
The post Top 2 Cryptocurrencies to Watch in August 2024 appeared first on Coinpedia Fintech News
The recent crypto market downturn has created opportunities for investors to buy the dip and capitalize on other early-stage opportunities. As we move through August, analysts have recommended keeping a close eye on Solana (SOL) and MoonTaurus (MNTR) as two cryptocurrencies primed for massive rallies.
While Solana recovers from its recent decline, MoonTaurus offers investors an early entry point with the potential for returns reaching up to 1400% by the end of its newly launched presale.
Solana (SOL)
Solana has been on a steady climb since hitting a cycle low of $8.10 in November 2022. Currently priced at $131, the asset has seen a 5% decline in the last 24 hours and a 31% drop over the past week. This recent downturn can be attributed to a broader market correction that has resulted in over a billion dollars in liquidations across the crypto market.
Despite this short-term price action, Solana remains one of the cryptocurrencies showing a strong recovery from the crash. SOL has rebounded with a 13% gain in the last hour alone. Additionally, the asset has held relatively strong throughout 2024, with a 27% gain year-to-date and a 456.29% gain over the past year. Moreover, Solana has outperformed 94% of the top 100 crypto assets, including Ethereum and Bitcoin, making it one of the best performers this year.
As Solana embarks on a strong comeback from the recent dip, analysts recommend keeping an eye on it for further gains in August and the remaining part of the year.
MoonTaurus (MNTR)
MoonTaurus is one of the most promising new meme coins in the market. Since its launch in late July 2024, the MNTR presale has gained significant traction, raising over $220,000 within just a few days and selling over 80% of its first stage.
The MNTR presale is structured into ten stages, with prices set to increase gradually as the sale progresses. Stage 2 will see a 100% price increase, which has triggered massive FOMO (fear of missing out) among investors. Furthermore, the final launch price will be 14x higher than the current stage’s price.
One of the key reasons behind MoonTaurus’ quick success is its well-executed marketing campaign. The campaign has drawn a lot of attention to the meme coin, bringing in a record number of buyers every day. The team’s goal is to build a strong and engaged community, which is critical to the success of any meme coin. The project’s roadmap includes strategic partnerships with influencers and artists, as well as planned listings on both centralized and decentralized exchanges to increase the token’s visibility in the market.
Unlike many meme coins that face inflationary pressures, MoonTaurus has a limited supply of 3 billion tokens. This is intended to maintain scarcity as demand rises, increasing the token’s value. Additionally, the project has outlined a roadmap with clear milestones, including a community rewards program that offers exclusive perks like early updates and special content for MNTR holders.
MoonTaurus has attracted giant whales and investors, including those who bought PEPE at its launch in 2023. These insiders, who made huge profits from the PEPE rally, are now banking on a similar or even bigger rally for MoonTaurus. Their involvement has caught the attention of smaller investors who often track and follow whale movements, further contributing to the rapid success of MNTR.
MoonTaurus has also garnered optimistic predictions from top analysts, with some forecasting a 20x rally post-presale, driving MNTR to $1 by the end of 2024. Other projections suggest that MoonTaurus could become one of the biggest gainers of the 2024 bull run, with a 100x return at the end of the bull market.
Solana and MoonTaurus present two strong buys for August 2024. Both cryptocurrencies have demonstrated strong potential, with impressive gains to date. Analysts remain optimistic about their future performance. Specifically, MoonTaurus offers an early-entry opportunity through its presale, with the meme coin currently priced at just $0.005. It is projected to reach at least $1 by the end of the year. Invest in the MNTR presale now and position yourself before the token skyrockets.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus
