By Bitcoin had a stellar 2023 but this year, 2024, has started off rocky. The store-of-value token’s price has tumbled from January’s high of $48,000 to $41,000 in 3 weeks. As investors look for options to stop the bleeding of profits, many are eyeing the new rival, Mollars token. The alternative crypto’s creator made headlines a week ago for saying Satoshi Nakamoto’s massive share of self-gifted Bitcoins means the token is not truly decentralized. Now, as it appears many crypto investors have taken heed, pushing the Mollars token presale to nearly Half-a-Million dollars as a viral crypto cartoon video gets launched to educated traders.
The new video was released On Saturday, January 27th. The animated short titled “Mollars ($MOLLARS) Token | Store of Value Token | A Bitcoin Alternative,” was uploaded to the cryptocurrency project’s official YouTube channel.
As news outlets begin to syndicate or review the video, it’s reached over 2,223 views in less than 24 hours and is still growing.
Is this cartoon helping traders?
The first comment appears to indicate viewers appreciate the educational creative.
“Decentralized not decentralized…but this is a very straightforward video explaining quite nicely” wrote the first commenter on the video, user @Seymourtegan7609.
On Reddit, the video was just shared to the community by an official admin. It has also received positive reviews on the content-sharing social media platform. With nearly 100 likes already and 5 comments within 2 hours, the post will likely reach thousands of users.
The Mollar subreddit community has 771 followers currently and is growing daily. Most of the users watching in the group are likely investors of the token presale.
Crypto Project’s Leadership Looks Stellar
This Mollars Token cartoon is one of the first of its kind. The high quality animation also teases traders with a showcase of the ability of the team of professionals hired to fulfill the Bitcoin alternative’s various product goals.
It’s obvious if Mollars has the ability to reach talented audio-visual artists, other key professionals such as web3 programmers and a skilled marketing agency is also possible. First class quality usually breeds success in anything, especially in the crypto world.
ICO Funds Raised & Total Tokens Sold
The results so far from the ‘Bitcoin Killer’ developments has been nearly half-a-million dollars in tokens presold. The official site for the ICO [view here] shows $466,529 has been raised and over 1,204,874 tokens have been sold.
The actual amount raised shifts with the price of the Ethereum. If the $ETH coin rises back to its January highs, this initial coin offering’s total capital raised will be closer to or over, $500,000 (USD).
Why are Ethereum’s Bitcoin holders Switching To Mollars?
Even though the crypto market as a whole has seen downtrends this year, including both Bitcoin (BTC) and Ethereum (ETH), the demand for Mollars has remained bullish. Daily token presale averages went from just over 85,000 last week to now reaching past 110,000. There’s even been one day during the Mollars ICO where over 250,000 tokens were sold thanks to a spike in crypto sharks and whales buying big.
The reason Cryptocurrency traders are buying millions of $MOLLARS tokens in its presale stage are utility and profit potential.
Utility Against Inflation
The Mollars token has 2 main utilities. The first, those who buy the ERC-20 asset are buying into a store-of-value token just like Bitcoin. This is a currency that can help money retain value against global inflation.
The SOV utility mainly comes from the combination of scarcity and demand. Mollars will have less than half the total token supply of Bitcoin. The small amount of Bitcoin that will ever exist — 21 million coins. There will be less than half than this supply minted for $Mollars — 10 million tokens.
Over 10% of the total supply that will ever be minted by Mollars has already been sold in presale. There are 3.7-million more tokens to be sold in presale, before the initial coin offering supply is exhausted and the ICO will close.
The current daily sales volume shows $Mollars are being bought at a rate of 110,00 coins per day. Based on this data, the presale supply will be sold in 35 days or less.
After that token presale supply of 4-million is sold via Mollars.com, the remaining 6-million tokens will be sold on a public decentralized cryptocurrency exchange. Based on the most recent sales data, daily demand would exhaust that supply of 6M tokens in 55 days.
Store of value tokens demand is what drives their price and keeps them from falling into inflation. As long as Mollars keeps being bought by cryptocurrency traders, the value will go upward.
Cryptocurrency is currently used by less than 5% of the world per reports. With millions of people joining the cryptocurrency world yearly, as long as Mollars brand continues finding new demand from those ‘newbies,’ the total supply of over 10-million tokens will be exhausted.
Just as Bitcoin, after the full supply is exhausted, traders will begin buying tokens in pieces. These fractions of tokens will be called “Molls.”
Once Mollars tokens have been normalized as Molls, it’s predicted the value of the store-of-value token could reach 44x the current value or more. And this is a forecast some crypto analysts believe could happen in 2024, based on current demand and the token project’s whitepaper mentioning the need for a professional marketing agency.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
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