Mollars is a new store of value altcoin that is quickly gaining popularity, with its initial coin offering (ICO) nearing $1.5 million. The altcoin is seen as the answer to Bitcoin for Ethereum Blockchain’s 250 million wallet holders. Mollars is a digital store-of-value asset that is deflationary in nature and has advantages over Bitcoin due to its use of the Ethereum blockchain, which is faster, cheaper to use, and more scalable. Mollars is also unique in that it eliminates the risk of ‘stashed wallets’ owned by Bitcoin founder, Satoshi Nakamoto, and is one of the only cryptocurrencies with true decentralization in terms of branding value and utility.
Mollars shares a common characteristic with Dogecoin, as both cryptocurrencies have not allocated free tokens to their founders or developers, which eliminates the risk of token dumps or market manipulation. Dogecoin, originally thought of as a joke, has gained global recognition thanks to the support of figures like Elon Musk and various Fortune 500 companies. Similarly, Mollars, despite not being listed on exchanges yet, has seen a significant increase in search volume as its ICO approaches its closing date on June 1st. Three cryptocurrency exchanges have already announced that they will list Mollars once the presale ends.
With a total token supply of 10 million, the demand for Mollars is rising as nearly 3 million tokens have been sold to crypto traders during the presale at $0.55 per token. The token is expected to launch on exchanges at $0.62 on June 1st if the hard cap is reached, representing a 12% increase in price. Analysts predict that if the popularity of Mollars continues to grow, the price could see a significant increase, with projections ranging from a 20x increase to a potential high of $6 per token. These projections were made when Mollars had raised less than $150,000 and sold under 350,000 tokens, but with the project now nearing $1.4 million raised and almost 3 million tokens sold, the potential for growth is significant.
The search volume for Mollars has also increased significantly, with the brand name’s search volume at times reaching half that of the Pepe token, which is the 27th most traded cryptocurrency. Search volume is seen as indicative of branding value in business, suggesting that Mollars may be on the verge of a major breakthrough in the crypto space. Several cryptocurrency exchanges have announced that they will list Mollars, including Bitmart, LBank, and XT, which will provide access to millions of users once the presale ends on June 1st. With only 10 million tokens being minted ever, Mollars is expected to sell out quickly and potentially see a hyper-parabolic uptrend in price if it surpasses 5 million tokens sold.
