The Shiba Inu coin crowd has been leaving the token behind slowly this year until recently. This past week a massive group of the ShibArmy sold their $SHIB coins to purchase a new store-of-value asset for the Ethereum Blockchain — Mollars token. The last 48 hours this mass migration has culminated into a token presale explosion, with thousands of $MOLLARS being acquired hourly.
Billions of coins have been sold to buy $MOLLARS
The amount of $SHIB coins being sold by “ShibArmy” members is massive. Thus far, it’s believed to be in the billions; approximately 8,000,000,000 based on Mollars ICO activity.
Since Friday, over $75,000 has been shifted into the SoV token presale. This amount is also the total that’s been amassed since the first report of the Shiba Inu migration.
The presale total of the last nearly 48 hours, divided by the current price of the $SHIB token, would account for over 8-billion tokens sold. Shiba Inu is currently priced at $0.000009644, which is a -1% loss on the last week; A -22% loss on the year.
The number of Shiba Inu coins sold by crypto traders could be considerably more, closer to 20-billion tokens. It’s been nearly 6 days since another report of the said ‘migration igniter,’ a crypto whale who bought over $17,000 worth of $MOLLARS. It’s believed this heavily pocketed investor, though making purchases in small discrete amounts, captured the attention of fellow Shiba Inu holders.
Why Are Traders Ditching Shiba Inu?
The reason $SHIB coin holders are swapping out their holdings to join the Mollars token presale is likely profit. The “DogeCoin Killer” has been failing to generate healthy profit yields to long-term holders. Instead, it’s actually been increasing the losses of most holders’ portfolios.Mollars on the other hand, which is currently in token presale, is in its prime stage for investment. It’s to launch on crypto exchanges in May of 2024 at latest and revealed to have a listing price of US$0.62 cents.
Currently pre-selling to early investors at a price of $0.50 cents, the 12-cent difference is an immediate +24% gain for those who swap their tokens over today. The yield potential will be cut in half once the ICO moves into the 5th round of the presale.
The top holder of Mollars, who sparked the massive Shiba Inu migration, is expected to generate over $4.1K profit in less than 60 days from his last purchase. This ROI yield has raised the eyebrows of other investors, in a positive manner. It seems other $SHIB token holders, tired of losing, are following the path of the former Shiba Inu whale.
Why Shiba Inu coin wont reach $1
In addition to that tracked whale’s news, a negative news headline has also worried $SHIB coin holders that were living off ‘hopium’ for the future.
Renowned cryptocurrency analyst Zach Humphries has declared that Shiba Inu coin will not reach the value of $1 anytime soon. And by not soon, further reports have certified he means not anytime in 2024.
The negative news killed much of the hope Shibarmy members had, who thought Shibarium might burn an ‘ungodly’ amount of $SHIB this year.
However, even if hundreds of millions or billions of the ‘Dogecoin killer’ were burned this year, it still would not eliminate enough of the 1 quadrillion $SHIB minted to create a $1 token value.
The scarcity needed for the coin to grow $0.99 [cents] in value is likely closer to the number that would be needed for hundreds of billions burned daily in the SHIBburn event.
In comparison, SHIBBurn only reports just under 8-million tokens burned in the last 24 hours. This is around than 0.0009% of the total token supply; not even close to half of half-a-percent.
Why Is Mollars Token Presale Trusted?
On the other hand, it’s prime time to invest in the Mollars token presale. Investors will gain +24% in less than 60 days on their investment. Beyond that initial yield, it’s expected the Bitcoin alternative for the ethereum-blockchain world will see further gains as the year passes.
Ari of CryptoNews, a cryptocurrency analysis and forecast show broadcasted via YouTube, suggests the token will see up to +2400% ROI yields as time passes. The popular host also confirmed the legitimacy of the token presale’s wallet bridge and dove into the tokenomics, certifying them to be a stable plan.
An audit of the Mollars token presale was also completed by Cyberscope, a trusted cryptocurrency security group. The reputed auditors also confirmed the ICO to be legitimate, delivering a full report on their website.
In layman’s terms, the Mollars token has a transparency that’s trusted by professionals and certain to launch. The actual level of ROI yields may reach $2400 per $100 invested per trusted source.
New Crypto Exchange
Adding to the potential however, Mollars made a major announcement after these reviews. A secondary domain “Mollars.CC” was launched just over 1 week ago and it’s now been made clear, this will be used for a new decentralized cryptocurrency exchange that will use $MOLLARS to facilitate cross-chain cryptocurrency swaps.
No Token This Scarce Has Been Paired With a CEX
A very limited production token with only 10-million to be minted ever, this added utility could make the scarcity even more scarce. With that scarcity, generally comes a value increase. For comparison, this is less than half the total token supply of Bitcoin (BTC), which is now valued at over $49,000. However, Bitcoin does not have a native decentralized exchange like Mollars. This could be an industry first and prices may rage into a parabolic uptrend due to this added utility.
All of the factors present a potential reward that far outweigh the risks Shiba Inu coin holders are taking by continuing to hold it seems; possibly the reason SHIB tokens are being traded in to buy into $MOLLARS during its early presale stage.
Disclaimer: This is a paid post and should not be treated as news/advice.
