A new project in the works on the Ethereum Blockchain has recently caught the attention of cryptocurrency enthusiasts not only for its ability to store value, but also for its massive potential for compound growth after an ICO.
Mollars (MOLLARS), a new pre-sale token on the Ethereum Blockchain, plans to enter the market on May 1 as the most stable and consistent SoV in the ERC-20. On a platform with over 250 million users, the potential MOLLARS coin should become a blockchain token when investors look to keep their assets in a safe and stable deflationary zone, which explains the fundamental success of the financing events held in Molars. com.
So much so that even crypto whales, investors who are able to move large amounts of value and even influence market sentiment, are also buying Mollars in large quantities. Recent reports from LaPostExaminer confirm that today's top owner owns more than $34,000 USD.
Other cryptocurrency communities such as Shiba Inu and Tether are also joining the new project. But here lies the fundamental question: Why would loyal communities like the Shiba Inu community suddenly abandon the project in favor of a new symbol?
Bitcoin molars resemblance
The world's largest cryptocurrency by market capitalization is also the world's most famous digital store of value. To this day Bitcoin is considered the SoV of cryptocurrencies due to its limited supply, market confidence and decentralized nature.
To be launched on a competing blockchain network, Mollars also includes all of Bitcoin's Store of Value (SoV) features, with the added advantage of being designed with an eye on today's market demands.
While the maximum total supply of Bitcoin is 21 million tokens, Mollars will only mint 10 million tokens. In a space as broad as the cryptocurrency market where the norm is to have billions, if not trillions of tokens available, Mollars differentiates itself by adhering to a more conservative supply model, thus enhancing scarcity and potentially enhancing its value proposition.
The project was meticulously designed with the vision of achieving zero ownership post ICO, thus embracing decentralization at its core. Through careful planning and implementation, the project aimed to go beyond traditional models, ensuring independence and flexibility within its ecosystem. This commitment to decentralization underscores its mission to empower participants, promote a community-based approach where decisions are made collectively, and transcend the constraints of central control.
Shiba Inu investors are buying MOLLARS
After enduring the past two years without seeing any profits, Shiba Inu holders have begun abandoning their SHIB investments and also joining the pre-sale of Mollars.
Since its inception, the memecoin has been known for its loyalty and unwavering belief in the project. However, over time, the project developers have repeatedly aroused great distrust.
Recently, project lead Chitoshi Kusama saw himself embroiled in drama after tracking platform ShibBurn accused the developer of owning over $1 billion in SHIB. After spending years claiming that owning the currency would affect his decision-making abilities, and make the Shiba Inu less decentralized, this revelation sparked intense debate within the community.
The condition of society is also not in good condition. 2023 was supposed to be the year the project was revamped, building on the success of Shibarium as a second-layer blockchain. While it is true that Shibarium received millions of transactions and was responsible for burning through nearly $100,000 of SHIB, (more on that later), the platform failed to provide a significant shift in the Shiba Inu's price trajectory.
Shiba Inu investors started flocking to $GOLDEN last year
In the past year, the SHIB community has already seen signs of abandonment of the coin. In September, large numbers of coin holders chose to sell their assets in order to buy the rising P2E memecoin “Golden Inu”.
At the time, this move was responsible for the initial surge in the value of $GOLDEN, a trend that has gained over 340% in value, and still shows no signs of exhausting. Meanwhile, investors who chose to hold SHIB lost more money in the same time frame.
Molars: The Answer to Dental Issues in Shiba Inu
Ultimately, the biggest enemy of every digital currency is inevitably inflation. The Shiba Inu – with a circulating supply of 590 trillion, and nearly a quadrillion SHIB as a maximum total supply – inevitably fell victim to it as well.
Inflation, as it is understood in economics, occurs when there is an increase in the money supply without a proportional increase in goods and services. With the massive supply of Shiba Inu tokens, there is a significant risk that the value of individual tokens will decline over time due to dilution.
In 2023, the project burned more than 76 billion SHIB tokens, but due to their extremely huge supply, this amount is far from affecting the price value. As a result, the assets have fluctuated between $0.00000962 and $0.00001100 since early 2022.
On the other hand, Mollars pre-sale buyers have nothing to fear regarding inflation. The development team expects the token to become $MOLLARS Deflationary Over time, it has become increasingly difficult for individuals to own a single token. This scarcity can have a significant upward impact on its value.
Perhaps for this reason, long-time Shiba Inu investors have been migrating to $MOLLARS, expecting to finally see profits in the cryptocurrency market.
How much can molars be worth in 2024?
Within two months, the pre-sale success has already generated nearly $800,000 in sales, and more than 16% of the total maximum supply is already in the hands of investors. This massive success shows a sign of the future demand the token will have once it hits the markets.
As an unofficial store of value on the Ethereum blockchain, Mollars has the potential to emerge as a widely accepted household currency, and is poised for significant growth in adoption and value. Also, once $MOLLARS enters new exchanges after the ICO, the supply of 10 million will see a sharp and rapid decline, which will likely contribute to its deflationary nature, with the available tokens becoming increasingly scarce, which could cause their value to rise over time.
Over time, experts expect the value of Mollars tokens to reach $100 each, suggesting that ICO investors should consider holding their tokens for the long term. This strategy aims to take advantage of expected increases in value due to a potential rise in demand over time.
In response to the losses incurred by SHIB holders, there is a noticeable increase in interest in the Mollars token project. This new interest brings hope of a turnaround in investment portfolios, with the possibility of reversing incurred losses. Exchanging $SHIB tokens for Mollars tokens today could yield a profit of more than 24%, providing a significant way to offset a significant portion of the losses accumulated over the past year. Moreover, the widespread belief in continued demand for Mollars suggests the possibility of not only recouping losses but also generating profits from $SHIB portfolios before the end of 2024.
Disclaimer: The Industry Talk section provides information from cryptocurrency brokers and does not form part of the editorial content of the magazine. Cryptonews.com.
