In a startling development, Shiba Inu’s burn rate has surged by 1,250% in just one day, marking a significant uptick in the token’s deflationary efforts. Despite this dramatic increase, the price of SHIB has only risen by 1.6%, raising concerns about the effectiveness of token burns. Some experts urgue that while Shiba Inu (SHIB) may inch closer to its goals, the reality of deleting a zero from its price remains highly unlikely within the near term.
Shiba Inu’s Burn Rate Soars 1,250%: Will SHIB Reach $0.0001 in September?
The Shiba Inu burn rate has surged dramatically by 1,250% in just 24 hours, catching the attention of the crypto market. This significant spike in burn activity has briefly lifted SHIB’s price by 1.6% during the trading session. The burn involved 22.7 million tokens from one wallet, while two others contributed over 1.3 million tokens combined. This is a notable increase from recent periods where burn rates had significantly slowed, with only a few hundred thousand tokens being removed from circulation.
Despite this dramatic rise, reaching a price of $0.0001 seems highly improbable for Shiba Inu in the immediate future. To illustrate, the 32 million SHIB tokens burned recently, while a substantial number, only represent a value of under $500 based on SHIB’s current price of $0.000014. Thus, the long-term prediction for SHIB to hit this mark remains distant, requiring extensive and consistent burn activity.
MoonTaurus Rises Among Meme Coins
Amid this volatility, MoonTaurus (MNTR) is capturing investor attention with its impressive presale performance. Now in Stage 2 of its presale, MoonTaurus is priced at $0.01, a price point that provides an appealing entry for investors. The token’s trajectory suggests substantial growth potential, especially considering that Phase 1 of the presale sold out rapidly, raising $300,000.
The token’s current presale phase has already accumulated over $70,000, signaling strong ongoing interest. With the presale set to raise the price to $0.015 in the next stage, early investors stand to gain significantly, with predictions of up to 700% returns when the token hits its launch price of $0.07. This projected growth positions MoonTaurus as a notable contender in the meme coin sector, drawing comparisons to successful predecessors like Shiba Inu.
Notably, MoonTaurus distinguishes itself with a fixed supply of 3 billion tokens, which creates a scarcity effect likely to drive up value as demand increases. The token’s marketing strategy includes allocating 30% of the total supply towards promotional activities aimed at boosting its visibility and appeal. Furthermore, 20% of the supply is dedicated to liquidity, ensuring smooth trading even as demand rises.
This structured presale approach and strategic marketing are designed to build a robust community and sustain long-term growth. The strong performance in Phase 1, combined with the ongoing success in Stage 2, underscores the growing confidence in MoonTaurus’s potential.
With plans to list on both decentralized and centralized exchanges, MoonTaurus is set to enhance its liquidity and market presence. This dual listing strategy aims to make trading MNTR more accessible and attract a broader investor base.
The surge in Shiba Inu’s burn rate demonstrates a temporary uplift in its price but highlights the challenges of reaching the $0.0001 mark. In contrast, MoonTaurus is making notable strides in the crypto market with its strong presale performance and strategic growth plans. As MoonTaurus continues to attract investor interest and prepare for its official launch, it presents a compelling investment opportunity in the meme coin sector. With its promising presale metrics and insider backing, MoonTaurus could well be the next major player in the crypto market.
Website: https://moontaurus.com/Linktree: https://linktr.ee/moontaurus
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