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Bonk Raging Jumps 65% This Week as Mollars Token Pre-Sale Reaches 2.5 Million Tokens Sold
The Bonk Inu token (BONK) stunned even the best crypto programs and hosts on the web this week. After the Bitcoin halving, the market has remained stable and traders are witnessing a cycle never seen before. Leading the way, however, Bonk Inu is earning praise from various crypto analysts for a rally close to +66% on the week.
Analysts like Stock Up! with Larry Jones recently celebrated $BONK, citing it as one of the best short-term options on the market. In fact, Jones is so fond of the token Bonk Inu that he refers to it as “my baby” in his latest video on cryptocurrencies. Analysts were obviously elated by the +98% gains achieved by the Inu-themed altcoin earlier in the week.
Bonk Inu and other Inu tokens have positive ROI earnings
According to CryptoBubbles, the surging meme coin has recently outperformed all 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.
The Shiba Inu token (SHIB) is priced at $0.00002442 and has only seen gains of +5% this week.
Golden Inu (GOLDEN) posted gains of +1.9% this weekend, trading almost sideways for the past 7 days. So far the “Golden Inuverse” game has put the meme coin on an interesting trajectory for 2024 and is poised to see a bull cycle soon.
Floki Inu (FLOKI) did a little better, gaining +15.4% for the week and currently trading at $0.0001725.
Regardless of which of the main Inus a user was on a week ago, all were winners. At this point the opponents of these meme coins live in a psychorealistic reality. Their short-term gains have been greater than those of Bitcoin (BTC), regardless of their long-term prospects.
Now the Ethereum Blockchain Has a “Bitcoin”: Mollars Saves Dollars
For those who love store-of-value assets like $BTC, the Ethereum blockchain’s new SOV token is nearing the end of its ICO phase. Only a few days left until closing. Subsequently, the Mollars token will launch on public exchanges and is expected to sell out of its total minted supply this year or early 2024.
Cryptocurrency traders have been very present in Mollars presales since January this year [2024]. Crypto sharks and whales have acquired over $1.2 million in tokens, including some that have fetched over $10,000 each using average daily costs [DCA] method.
3 factors are driving the increase in interest in Mollars:
- Lower trading fees for a store of valuable assets. Those who own Ethereum (ETH) or ERC-20 tokens can now own low-supply SOV altcoins without crossing blockchain and losing large amounts on trading fees. Based on the Bitcoin blockchain average in 2023, Mollar is expected to cost approximately 80% less than buying, selling, or converting to 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 pre-sale, the potential increase in value seems radical, but cryptocurrency history shows that it is easily possible. A rise to a price of $1000 is easily possible if strong brand value and equity is formed from Ethereum Bockchain’s estimated 245 million users.
- A decentralized cryptocurrency exchange that will enable cross-blockchain trades will be launched via the Mollars.cc website. This exchange will rely on the $MOLLARS token to complete cross trades, which will likely happen but has yet to be confirmed. This won’t be confirmed until after the token’s launch, but various decentralized finance blogs and analysts have predicted it.
The official ICO is live via Mollars.com and is expected to conclude in early May.
Today it was reported that over $1,200,000 was raised in token presales. Traders awaiting the release have already requested over 2.6 million $MOLLARS tokens.
On average over the last 3 days, over 100,000 tokens have been pre-sold per day. The latest crypto whale to join the ICO purchased Mollar worth just over $7,500. The purchase [see here] was completed using 2.3 Ethereum (ETH) coins.
Sales are expected to continue to increase until the ICO of the altcoin’s store of value closes.
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