The post 2024 Altcoin Season: 3 Coins Under $0.10 to Watch Closely This August appeared first on Coinpedia Fintech News
As the 2024 altcoin season heats up, investors are eyeing a select group of low-cost tokens that have the potential to generate significant returns. Among these, three coins under $0.10 stand out: PEPE, Shiba Inu (SHIB), and MoonTaurus (MNTR). Each of these tokens presents unique opportunities, driven by market trends, whale activity, and investor interest. For those looking to capitalize on the current crypto market, these coins demand close attention.
PEPE: A Meme Coin That Keeps Rising
PEPE has shown remarkable resilience, defying the overall market downturn with a 10% price increase. This resurgence is fueled by growing whale activity, with a giant investor recently purchasing 420 billion PEPE tokens worth $3.13 million. This move has already yielded a profit of $170,000, highlighting the whale’s confidence in the token’s potential. Analysts are optimistic about PEPE’s future, predicting a possible 100-300% surge based on bullish technical indicators.
PEPE’s ability to outpace many other altcoins during this period of market recovery signals its strength. With significant whale backing and positive momentum, PEPE is positioned as a meme coin worth watching. Investors are observing the token as it approaches key resistance levels, with some analysts suggesting that PEPE could reach a new all-time high if current trends continue.
Shiba Inu: Approaching a Critical Juncture
Shiba Inu (SHIB) has experienced a challenging month, with its value dropping by 19.33%. Despite this, on-chain analysis suggests that SHIB may be nearing a pivotal support level, marking the bottom of its current decline. The Market Value to Realized Value (MVRV) Long/Short Difference, a key metric used to identify market bottoms, is approaching levels that historically precede a price reversal.
Short-term holders have shown increasing confidence in SHIB’s potential, with a significant rise in the number of traders accumulating the token over the past 30 days. This growing conviction among investors suggests that SHIB could be on the verge of a turnaround. If the current trend holds, SHIB may soon recover, making it a coin to watch as the altcoin season progresses.
MoonTaurus: The Next Big Meme Coin?
MoonTaurus (MNTR) is gaining traction as it moves into Phase 2 of its presale, currently priced at $0.01. Unlike its counterparts, MoonTaurus has attracted attention not only for its low entry point but also for its potential to deliver substantial returns. Phase 1 of the presale sold out, raising over $300,000, and with the total number of holders now exceeding 1,000, investor interest is surging.
The appeal of MoonTaurus lies in its promise of explosive growth, with analysts predicting a 700% profit at launch as the coin is expected to reach $0.07. This forecast is generating significant FOMO among investors, especially those who missed out on previous meme coin successes like PEPE and SHIB. The entry of insiders from these projects into the MoonTaurus presale further solidifies its potential as the next big meme coin.
MoonTaurus stands out due to its strong community backing and strategic approach to its presale. With the first phase already sold out and substantial funds raised, the momentum is building for what could be one of the most significant launches in the meme coin market this year. Investors are encouraged to act, as the current phase offers a rare opportunity to buy in at a low price before the anticipated surge.
As the 2024 altcoin season unfolds, PEPE, SHIB, and MoonTaurus (MNTR) are emerging as top contenders for investors seeking high-reward opportunities. PEPE’s resilience and whale backing, SHIB’s potential for a rebound, and MoonTaurus promise of significant returns make these coins essential to watch this August. With each offering a unique angle in the market, they present compelling cases for inclusion in any altcoin-focused portfolio. For investors ready to make strategic moves, the time to act is now, before these low-cost tokens soar.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus