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Mobs of Bonk Inu token traders now buying Mollars ICO
Large groups of Bonk Inu token (BONK) traders appear to be migrating to the ICO for Ethereum-Blockchain’s new store-of-value asset; A rival token for Bitcoin. Becoming increasingly popular, the Mollars token presale has raised over $1.35 million and is still growing. The brand has become so popular that Google Trends shows it has garnered 90% of the search volume of the already established $BONK. As the news made headlines over the weekend, a sampling of Bonk Inu holders appears to have migrated to Mollars’ initial coin offering.
The report published by Coinape on Saturday showed evidence of how the Mollars token has achieved popularity that now rivals Bonk inu. The data was derived from Google Trends, a public data application that displays search statistics. This is used by many to determine how strong or weak a brand has become.
For Mollars, the Google Trends feature showed that the brand is becoming increasingly popular. Over the past 30 days, there have been times when searches for the keyword “MOLLARS” have exploded to over 50 times the normal rate.
Such data proves that the Mollars brand is a cryptocurrency on the rise and perhaps enough to confirm that most previous predictions were not high enough. However, the headline prediction may have been the most accurate, a 10,000% ROI return, suggested ZyCrypto.
The popularity of the brand increases the prices of the tokens
At the time of Mollar’s token prediction, the presale was new and it seems that the analyst behind the post had a good prediction on what the popularity of the project would become. Released in December, the pre-sale was likely under $100,000 in funds raised another piece of news shows that the ICO reached $315,000 almost 1 month later.
Today, the Mollars token is close to expiring on June 1st and has raised over $1.35 million. It is estimated that thousands of cryptocurrency traders have already acquired the rights to the tokens before their launch on cryptocurrency exchanges.
At least 3 exchanges, with over 20 million users cumulatively, have already confirmed that they will list the $MOLLARS token around June 2nd.
Other factors that have changed since then and that could increase the token’s price predictions include the developer’s announcement of a new decentralized crypto exchange which will rely on the Mollars token. Scheduled to launch on the brand’s secondary domain, “Mollars.CC”, could lead the symbolic price to hyper-driven volatility. This would also mean that the more people use this exchange, the more scarce $MOLLARS will become. This could increase the value of the token massively and quickly.
Bonk Inu and Pepe trading volumes today
As for another Google Trends that has been noticed, Mollars is it half as popular as Pepe ($PEPPER). The popular memecoin is ranked as the 27th most traded cryptocurrency today.
Bonk Inu (BONK), although better for ROI earnings due to price volatility, is the 61st most traded cryptocurrency today.
What is the current market capitalization?
By market capitalization, Pepe (PEPE) is ranked as the 26th highest cryptocurrency. It has an MC of nearly $3.95 billion.
Bonk Inu (BONK) holds the 55th highest ranking. It has a market capitalization of $1.64 billion. The capitalization is a goliath figure considering the token launched just 2 years ago.
Such data can be used to help with Mollars’ future predictions. Given that the brand is almost half or 90% as popular as the two tokens, it is clear that there is a huge audience interested in the new ERC-20 token.
All these factors are perhaps why the Bonk Inu audience is migrating to Mollars pre-sales. Given that it costs just $0.55 per token today, predictions for it to increase between 20x and 100x in value make it seem like it is a portal to faster profits.
What is the Mollars token for?
Mollars will be the first Bitcoin-like store of value token on the Ethereum blockchain with its own type of project infrastructure.
The total token supply is half that of Bitcoin with only 10 million tokens to be minted. 40% of that offering is earmarked for pre-sale, with nearly 3 million already purchased by investors.
Mollars’ total token supply is half that of Bitcoin (BTC), and it has a deflationary feature in its smart contract that should help it burn tokens to reduce supply over time.
Furthermore, once demand increases well above supply, traders will begin to refer to their fractional purchases of a Mollars token as “Moll.” This is the term designated for token holders who hold 1/110th of a coin.