The post Crypto Trader Who Accurately Predicted Ethereum ETF Approval Has a ‘Good Feeling’ About This PEPE Alternative After a Recent 100% Jump appeared on BitcoinEthereumNews.com.

The cryptocurrency market is filled with new opportunities, but it takes a seasoned eye to spot the next big thing before it explodes. A top crypto trader on X, who accurately predicted the approval of spot Ethereum ETFs in the U.S., has recently made bullish comments about PEPE rival MoonTaurus (MNTR). The trader mentioned having a “good feeling” about the meme coin following remarkable success in its ongoing presale, including a 100% spike as the presale entered its second phase. According to the trader, MoonTaurus (MNTR) is gearing up to be one of the biggest meme coins of the 2024 bull run. Spot Ethereum ETFs Go Live, But ETH Stagnates The crypto trader, whose name has become synonymous with accurate predictions, has built a reputation for deep analysis and timely calls. He accurately predicted the approval of the nine spot Ethereum ETFs that went live in the U.S. in July. Data by Farside shows that as of August 15, BlackRock’s ETHA ETF leads the group in terms of net inflows at $966 million, followed by Fidelity’s FETH at $437 million. On the other hand, Grayscale’s ETHE has recorded over $2.3 billion in outflows. This is because, unlike the other eight issuers of these financial products, Grayscale just uplisted from the OTC market to the New York Stock Exchange and is not entirely new. Still, these outflows have continued to weigh on ETH’s price, with the asset remaining stagnant over the past few weeks. The price of Ethereum is $2,559.38, down 3.3% in the last 24 hours. ETH has remained range-bound for several weeks, with key resistance at the psychological $3,000 level. Why MoonTaurus (MNTR)? MoonTaurus (MNTR) is not just another meme coin riding on the coattails of successful projects like PEPE. The newcomer features a unique design that sets it…

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Filed under: News - @ August 17, 2024 6:23 pm