Shiba Inu (SHIB) Investors Rush to Buy MoonTaurus (MNTR) Before 100% Price Increase in Stage 2
The post Shiba Inu (SHIB) Investors Rush to Buy MoonTaurus (MNTR) Before 100% Price Increase in Stage 2 appeared on BitcoinEthereumNews.com.
Recent market trends indicate that Shiba Inu investors are now shifting their focus to MoonTaurus, a new meme coin, ahead of the second stage of its presale. The presale has been a huge success, raising over $160,000 in less than a week after its launch. Furthermore, the first stage is already more than halfway sold out, with a 100% price increase scheduled for the start of stage two. This has triggered FOMO among Shiba Inu investors, who are seeking alternative investments as the top meme coin continues to struggle. Shiba Inu (SHIB) Upsets, Investors Looking for an Exit Shiba Inu (SHIB) is currently priced at $0.00001596, with a 24-hour trading volume of $206.56 million and a market cap of $9.40 billion. SHIB has dropped 2.84% in the last 24 hours, 7.15% in the last week, and 7.70% in the last month. The asset is trading below its 200-day simple moving average, signaling bearish market sentiment. According to CoinCodex, Shiba Inu’s next support level is at $0.00001572, with the strongest support at $0.00001533. If the asset recovers, it will face resistance at $0.00001686, $0.00001725, and $0.00001763. However, a recovery appears unlikely based on recent performance data from Shibarium, the network’s Layer 2 platform. Shibarium has experienced a sharp decline in performance over the past month. Transactions processed dropped from 14,260 on June 30th to just 2,570 on July 30th, an 82% decrease. Additionally, metrics such as active accounts, new contracts, and verified contracts have all been on a downward trend. This poor performance has fueled investor anxiety, leading many to seek alternatives as Shiba Inu struggles to maintain its position in the market. MoonTaurus Welcomes Shiba Inu (SHIB) Investors MoonTaurus has emerged as a top alternative for Shiba Inu investors seeking a new path. This has drawn more attention to the…
Filed under: News - @ August 4, 2024 1:26 pm