New projects underway on the Ethereum blockchain have recently attracted the attention of crypto enthusiasts not only for their ability to store value, but also for their huge potential for compound growth post-ICO.
Mollars (MOLLARS), a new token currently on pre-sale on the Ethereum blockchain, is set to enter the market on May 1st as the most cohesive and stable SoV on ERC-20. On a platform with over 250 million users, $MOLLARS potentially needs to become the blockchain's go-to token if investors want to keep their assets safe and stable in deflationary conditions. This explains the fundamental success of fundraising events held at the mole. Com.
Even crypto whales, investors who can move large amounts of value and even influence market sentiment, are buying up Mollars pre-sales in bulk. A recent report from LaPostExaminer confirms that today's top holder owns over $34,000 of his $MOLLARS.
Other crypto communities such as Shiba Inu and Tether are also participating in the new project. However, there is a fundamental question here. Why would a community as loyal as Shiba Inu suddenly abandon the project in favor of a new token?
Molar Bitcoin Similarities
The world's largest cryptocurrency by market capitalization is also the world's most famous digital store of value. Bitcoin is considered the SoV of cryptocurrencies to this day due to its limited supply, market trust, and decentralized nature.
To launch on top of rival blockchains, Mollars also incorporates all of Bitcoin's store of value (SoV) functionality, with the added benefit of being designed with a focus on today's market demands. .
The maximum supply of Bitcoin is a total of 21 million tokens, but Mollars can only issue 10 million tokens. In a broader space like the crypto market, where holdings of billions, if not trillions, of available tokens is the norm, Mollers aims to reduce scarcity by adhering to a more conservative supply model. differentiates itself by promoting and potentially strengthening its value proposition.
The project was meticulously created with the vision of achieving zero ownership after the ICO, thereby incorporating decentralization at its core. Through careful planning and execution, the project aimed to go beyond traditional models and ensure autonomy and resilience within the ecosystem. This decentralization effort emphasizes our mission to empower participants and foster a community-driven approach where decisions are made collectively beyond the limits of centralized control.
Shiba Inu investor buys $MOLLARS
Having endured no profits for the past two years, Shiba Inu owners are starting to exit their SHIB investments and even participate in Mollars pre-sales.
Since its inception, Memecoin has been known for its loyalty and unwavering belief in the project. However, over time, the developers of the project have repeatedly caused serious mistrust.
Most recently, the head of the project, Shaitoshi Kusama, found herself embroiled in drama after tracking platform ShibBurn accused the developer of owning more than $1 billion in SHIB. I made it. The revelation sparked intense debate within the community, which has argued for years that owning this currency affects decision-making abilities and reduces the Shiba Inu's dispersibility.
The state of the community is also not very good. 2023 was supposed to be the year the project would be updated, counting on the success of his Shibarium as a layer 2 blockchain. While it is true that Shibarium has garnered millions of trades and burned nearly $100,000 worth of SHIB (more on that below), the platform has not been able to significantly change the trajectory of Shiba Inu's price. There wasn't.
Shiba Inu investors started flocking to $GOLDEN last year
Last year, there were already signs in the SHIB community that they were abandoning the currency. In September, a large number of holders chose to sell their assets in order to purchase the rising P2E meme coin Golden Inu.
At the time, this move caused the first spike in $GOLDEN's value, a trend that has increased in value by more than 340% and still shows no signs of drying up. On the other hand, investors who chose to hold on to SHIB lost even more money within the same period.
Mollars: Shiba Inu's answer to the inflation problem
After all, the biggest enemy of any digital currency is inevitably inflation. The Shiba Inu, with his circulating supply of 590 trillion and his SHIB of nearly 1,000 trillion as the maximum total supply, will also inevitably fall victim to it.
As understood in economics, inflation occurs when the money supply increases without a proportional increase in goods and services. Due to Shiba Inu's large token supply, there is a significant risk that the value of individual tokens will decrease over time due to dilution.
In 2023, more than 76 billion SHIB tokens were burned in this project, but given that its supply is so huge, this amount cannot affect the price value. As a result, since the beginning of 2022, the asset has fluctuated between $0.00000962 and $0.00001100.
Mollars pre-sale buyers, on the other hand, have little to fear about inflation. The development team expects the $MOLLARS token to look like this: deflationary Over time, it will become increasingly difficult for individuals to own a single token. This rarity can have a significant impact on its value.
Perhaps for this reason, long-time Shiba Inu investors are moving to $MOLLARS in hopes of finally making a profit in the crypto market.
How much value will Mollars be worth in 2024?
A successful pre-sale has already generated close to $800,000 in sales in two months, with over 16% of the total maximum supply already in the hands of investors. This incredible success signals future demand for the token once it hits the market.
Mollars, the unofficial Ethereum blockchain store of value, are poised to emerge as a widely accepted household currency, significantly increasing adoption and value. Also, if $MOLLARS enters a new exchange after the ICO, the supply of 10 million coins will decrease significantly and rapidly, increasing the scarcity of available tokens and potentially increasing their value over time. This may contribute to its deflationary nature.
Over time, experts predict that the value of Mollars tokens could reach $100 each, and investors in new coin offerings (ICOs) should consider holding onto their tokens for the long term. It suggests that. This strategy aims to take advantage of the expected increase in value due to the potential for a surge in demand over time.
Interest in the Mollars token project has increased significantly following the losses experienced by $SHIB holders. This new attention offers hope for a turnaround in your portfolio and the possibility of recouping any losses you have incurred. Exchanging $SHIB tokens for Mollars tokens today could yield returns of over 24%, providing a substantial means of offsetting a significant portion of the losses incurred over the past year. Furthermore, it is widely believed that demand for Moraz will continue, suggesting the possibility of not only recovering losses but also generating profits from the $SHIB portfolio by the end of 2024.
Disclaimer: The Industry Talk section provides information from crypto brokers and is not part of the magazine's editorial content. cryptonews.com.
