Shiba Inu Token’s 2-Year Stagnation Prompts Mass Exodus For 2024

As an innovative solution to saving fees for Ethereum Blockchain users, the new project “Mollars” is celebrating the preselling of nearly 1.6 million $MOLLARS tokens. 

While the presale progresses, Mollars has been increasingly getting the attention of other crypto communities. After all, the project introduces a scarce utility token, capable of functioning as both a store of value and also gaining significant value over the years due to the way its tokenomics was constructed.

Among the communities joining the presale, Tether, Ether, and Shiba Inu holders appear to be at the forefront. While it makes sense for USDT and ETH investors to be interested in the positives of a “bitcoin-like” token on the Ethereum Blockchain could have, the latter—SHIB holders— have begun a mass exodus to Mollars for a different reason. 

Shiba Inu Lackluster Performance, The Reason For Investors Bailing Out?

In February, SHIb has seen a somewhat impressive 11% surge. However, when looking at the larger picture the performance of the world’s second-largest memecoin by market capitalization fails to impress. 

Over the year, $SHIB is down by nearly 30%, failing to break above the $0.000010 zone. Currently, the asset trades at $0.000009564, and is down by 0.9% over the past 24 hours. 

The year-long losses become even more bitter when taking into account the fact that the layer-2 blockchain “Shibarium”—launched on August 16, 2023—completely failed to revert the downward spiral Shiba Inu has found itself in. 

According to data from IntoTheBlock, over 60% of all SHIB investors have lost money while holding the coin. Even more worrisome, at this state, over 402,000 addresses holding SHIB would need the token to hit at least $0.000028 in order to break even. 

At an even larger scale, the [word] of the currency becomes even more worrying. The memecoin first hit below the $0.000010 zone for the first time in May of 2022. Since then, over 22 months later, the token has been effectively trading sideways. 

After not even major developments such as Shibarium failed to trigger SHIB into a breakthrough, investors appear to be now, more than ever, opting to buy other currencies. 

Why Shiba Inu Holders Are Flocking to Mollars

In concept, $MOLLARS and $SHIB have little in common. The first is a solution to protect crypto investments from outside market pressure, with the latter being a memecoin that attempted to become the native token of an entire crypto ecosystem. 

However, if there’s one thing that Mollars can offer SHIB investors, it’s precisely what they’ve missed out on for two years: profits.

The Mollars token differs itself from the rest of the market due to its similarities to Bitcoin. The new altcoin has a total maximum supply of 10 million tokens, is completely ownerless and operates on a decentralized network, ensuring transparency and autonomy.

In fact, scarcity is one of its main features. While BTC has a total supply of 21 million, Mollars has less than half that amount. Another appeal of the token is that, when it comes to fees, Bitcoin costs nearly 5 times more expensive than $MOLLARS.

Surging towards $1-million worth of the tokens already sold, the project is on its way to offering users of the world’s most active blockchain a solution to avoid cross-chain fees. This potential paired with the law of scarcity and demand make it one of the currencies with the biggest potential for growth in 2024. 

$MOLLARS is currently selling for $0.50. Imagining a scenario where the token mimics even a fraction of $BTC’s increase from 2009 to 2010, the currency could end the year at around $45.00.

SHIB Already Saw a Selloff in September

Shiba Inu token holders experienced significant losses in 2023, prompting a noteworthy exodus towards a thriving memecoin known as “Golden Inu,” a.k.a. “Shiba Inu Killer.” Dissatisfied with their prior investments, a substantial number of investors sought refuge in this alternative, driven by the promise of better returns.

The migration into Golden Inu cryptocurrency proved beneficial for those who made the switch. The $GOLDEN token, initially valued at a tiny $0.000000000005 on September 11, 2023, surged to $0.00000000002337, reflecting a remarkable 367.4% increase in value. This impressive growth translated into tangible gains for investors who demonstrated the foresight to reallocate their assets.

For instance, an initial $100 investment in Golden Inu on September 11th grew to a noteworthy $467.40 within fewer than six months, highlighting the potential returns in the cryptocurrency realm.

Yet, the appeal of Golden Inu extends beyond mere price appreciation. The upcoming launch of the play-to-earn game Golden Inuverse promises to reshape the landscape of digital entertainment and investment strategies. While still in Beta, the game’s potential to further enhance yields for Golden Inu immigrants has sparked considerable anticipation among investors keen on maximizing their returns in this evolving ecosystem.

SHIB to Mollars, the Data

There’s a notable surge in the number of wallets holding Shiba Inu, with many opting to shift some or all of their holdings to $MOLLARS. 

This shift is evident from the increased activity observed in the presale wallet address. Positioned as Ethereum Blockchain’s answer to Bitcoin, Mollars token offers groundbreaking benefits. 

Notably, it could potentially slash transaction fees for $BTC users by around 80%. This shift in investor behavior reflects a burgeoning interest in alternative tokens like Mollars. Investors are drawn to perceived advantages such as reduced transaction fees and potentially higher returns compared to established tokens like Shiba Inu.

Molars to be The Native Token of New DEX

The new project aims to be even more than a store-of-value token. In order to add even more utility to its brand, Mollars plans to launch a new decentralized crypto exchange after its ICO on May 1st. This decentralized cryptocurrency exchange (DEX) will be hosted on www.Mollars.cc, where users can seamlessly engage in cross-chain transactions using $MOLLARS. The introduction of this exchange is anticipated to bolster the value of the token significantly.

Mollars stands out in the crowded crypto space due to its scarcity and value proposition. With a total supply capped at 10 million tokens, less than half of Bitcoin’s supply, scarcity is a key feature. Moreover, 40% of the tokens are already allocated to presale investors, further enhancing scarcity and potential value.

Early indications suggest strong demand, with over 10.5% of the total token supply already sold during the presale, representing 38% of available tokens. Analysts foresee continued high demand, particularly given the token’s potential scarcity.

As Mollars becomes available on more exchanges, token supply will decrease, potentially increasing the value of whole tokens. Users will also have the option to purchase token fractions called “Molls,” further driving up the value of the cryptocurrency.

Analysts project massive returns on investments if the Mollars token reaches $100, advising ICO investors to hold long-term and capitalize on anticipated value appreciation resulting from potential parabolic uptrends.

New Decentralized Cryptocurrency Exchange

Adding value to the token, Mollars has also announced plans for the redirected and secondary domain, www.Mollars.cc. While it points to the token presale page Mollars.com currently, it will be home to a new decentralized cryptocurrency exchange [DEX] that utilizes $MOLLARS for for cross-chain transactions.  

Historically, DEX’s native cryptocurrencies have seen tremendous increases in value regardless of total token supply [TTS]. What makes Mollars unique however it’s a scarce, store-of-value token with less than a total supply of 10-million tokens ever being minted.  

The 10M total is less than half that of Bitcoin’s TTS, 21-million coins. And if the ICO sells out, 40% of the supply will have already been designated to presale investors’ wallets.

Typically, cryptocurrencies gain tremendous value when demand surpasses total token supply and Mollars has already sold over 15% of all tokens to ever be minted;  38% of the tokens are available for presale. 

How to Swap SHIB to MOLLARS

Currently valued at $0.000009516, SHIB holders can acquire 1 $MOLLARS token by converting approximately 52.9K SHIB to Ethereum (ETH). Following this conversion, users can proceed to the official website to make their $MOLLARS purchase using the newly acquired ETH.