There is a new project gaining attention on the Ethereum Blockchain, not just for its value storage capabilities, but also for its potential for growth after its ICO. Mollars (MOLLARS), a new token currently on presale, is set to enter the market on May 1st as the most stable and cohesive store-of-value on the ERC-20 platform. With over 250 million users, Mollars has the potential to become the go-to token for investors looking for a safe and stable deflationary option. This is evident in the success of the funding events held at mollars.com, with even crypto whales purchasing Mollars in bulk.
Other communities such as Shiba Inu and Tether are also showing interest in this new project. This begs the question, why are loyal communities like Shiba Inu suddenly shifting their focus to a different token?
Mollars shares many similarities with Bitcoin, the world’s largest cryptocurrency and most famous store-of-value. Both tokens are limited in supply, trusted by the market, and decentralized. However, Mollars has the added advantage of being designed to meet the current demands of the market. While Bitcoin has a maximum supply of 21 million tokens, Mollars will only ever have 10 million. This conservative supply model sets Mollars apart from other tokens in the crypto market, promoting scarcity and potentially increasing its value.
The project was created with the goal of achieving zero ownership post-ICO, promoting decentralization. Through careful planning and execution, Mollars aims to transcend traditional models and empower its community by making decisions collectively.
Shiba Inu investors, who have endured two years without seeing profits, are now selling their SHIB investments and joining Mollars’ presale. The infamous memecoin, known for its loyal community, has faced challenges with trust in its developers. Recent drama surrounding the project’s founder, Shytoshi Kusama, has caused controversy within the community. Additionally, the project’s highly anticipated layer-2 blockchain, Shibarium, has not had a significant impact on the token’s price.
Last year, Shiba Inu investors began flocking to another meme token, Golden Inu, resulting in a 340% increase in value. Meanwhile, those who chose to hold onto their SHIB have seen even more losses. This trend continues as Shiba Inu investors now turn to Mollars, expecting to finally see profits in the crypto market.
Inflation is a major concern for digital currencies, and Shiba Inu’s massive token supply puts it at risk. In contrast, Mollars’ supply of 10 million tokens and its deflationary nature make it less susceptible to inflation. The project burned over 76 billion SHIB tokens in 2023, but with its vast supply, this had little impact on the token’s value. In comparison, Mollars has the potential to become increasingly scarce over time, potentially driving up its value.
The success of Mollars’ presale, with nearly $800,000 in sales and 16% of the total maximum supply already in the hands of investors, is a sign of the token’s future demand. As the unofficial store-of-value on the Ethereum Blockchain, Mollars has the potential for widespread adoption and significant growth. As it enters new exchanges after its ICO, the limited supply will see a rapid decrease, contributing to its deflationary nature and potentially increasing its value over time.
Experts predict that Mollars could reach a value of $100 each, making it a wise investment for those participating in the ICO. This strategy capitalizes on expected increases in value due to potential spikes in demand. Furthermore, swapping SHIB for Mollars could yield a profit of over 24%, offering a way to offset losses incurred in the past year. The growing belief in the continued demand for Mollars suggests the possibility of not just recovering losses, but also generating profits from SHIB portfolios before the end of 2024.
Disclaimer: The Industry Talk section presents information from cryptocurrency brokers and is not part of the editorial content of Cryptonews.com.
