Bonk Raging, Leaps 65% This Week As Mollars Token Presale Reaches 2.5M Tokens Sold
Bonk Inu (BONK) token has stunned even the webs top crypto shows and hosts this week. After the Bitcoin halving, the market remained stable, and traders are witnessing a never-before-seen cycle. Leading the way, however, Bonk Inu is gaining praise from various crypto analysts for a near +66% rally over the week.
Analysts like Stock Up! with Larry Jones have recently celebrated $BONK, citing it as one of the better short-term options on the market. In fact, Jones is so fond of the Bonk Inu token that hes referring to it as my baby in his most recent video on crypto. The analysts were obviously elated over the +98% gains he had from the Inu-themed altcoin earlier in the week.
Bonk Inu & Other Inu Tokens Have Positive ROI Gains
According to CryptoBubbles, the surging meme coin recently surpassed all of its predecessors and is valued at $0.0000254 today.
In comparison, no other Inu token is losing this week, but neither is doing as well as BONK.
Shiba Inu (SHIB) token is priced at $0.00002442 and has only seen gains of +5% this week.
Golden Inu (GOLDEN) has seen gains of +1.9% this weekend, trading nearly sideways for the last 7 days. The Golden Inuverse play-to-earn game has been carrying the meme coin on an interesting trajectory for 2024 thus far and is poised to see a bullish cycle soon.
Floki Inu (FLOKI) has done a little better, gaining +15.4 % over the week and currently trading at $0.0001725.
Regardless of which of the main Inus a user was into one week ago, all were winners. The naysayers of these meme coins are living in a psycho-realistic reality at this point. Their short-term gains were bigger than Bitcoin (BTC), regardless of their long-term views.
Now Ethereum Blockchain Has A Bitcoin Mollars Saves Dollars
For those who like store-of-value assets like $BTC, Ethereum blockchains new SOV token is nearing the end of its ICO stage. Only a few days are left until closeout. After that, the Mollars token is set to launch on public exchanges and is predicted to sell its total minted supply this year or by early 2024.
Crypto traders have been heavily in the Mollars presale since January of this year [2024]. Crypto sharks and whales have acquired over $1.2 million in tokens, including a few who hunkered down over $10,000 each using the daily cost averaging [DCA] method.
3 factors are driving the surge of interest in Mollars:
- Lower trade fees for a store of value assets. Those who have Ethereum (ETH) or ERC-20 tokens can now own low-supply SOV altcoins without crossing blockchains and losing massive amounts on trading fees. Based on the Bitcoin blockchain average in 2023, Mollars are expected to cost around 80% less than buying, selling, or converting into other currencies.
- The $MOLLARS token will be scarce. Only 10 million will be minted. In comparison, Bitcoin has 21 million coins in its total token supply. With over 2.5 million tokens sold in presale, the potential value hike seems radical, yet cryptos history shows its easily possible. A rise to a price point of $1000 is easily possible if heavy branding value and equity are formed from Ethereum Bockchains estimated 245 million users.
- A decentralized cryptocurrency exchange allowing cross-blockchain swaps will be launched via the website Mollars.cc. This exchange will rely on the $MOLLARS token to complete cross-chain swaps, which is likely to happen but has yet to be confirmed. It wont be confirmed until after the tokens launch, but various decentralized finance blogs and analysts have predicted this.
The official ICO is live via Mollars.com and is slated to end at the beginning of May.
Today, its reported that over $1,200,000 has been raised in token presales. Traders waiting for the release have already claimed over 2.6 million $MOLLARS tokens.
Over 100,000 tokens have been pre-sold daily in the last 3 days on average. The latest crypto whale to join the ICO bought slightly over $7,500 worth of Mollars. The purchase [see here] was completed using 2.3 Ethereum (ETH) coins.
Its expected that sales will continue to surge until the closing of the store-of-value altcoins ICO.
Disclaimer: The Crypto Cable section features insights by crypto industry players and is not part of ZyCryptos editorial content. ZyCrypto does not endorse any company or project on this page. Readers should conduct their own independent research before taking any actions related to the company, product, or project mentioned in this piece.
Text source: ZyCrypto
