Two tokens on presale are captivating the attention of crypto enthusiasts for their enormous potential to stand out in the market.
The recently released “Elon Musk X” (EMX) token, made waves during its ICO for its enormous growth in a short timestamp. The token has no information about its de-facto ICO date, but according to DexScreener, EMX/WETH trading pairs began at around February 1st.
According to the charts, $EMX gained a whopping 3020% during its first trading day. Over the week the asset managed to gain around 4800% in value.
Last week, the asset rewarded investors with another 47% increase after the project issued an airdrop to the community. However, the asset appears to have hit a ceiling and lost over 20% of its value during the previous 24 hours.
$EMX is currently trading at $0.0000004390 and has a total supply of 100 billion tokens and no apparent utility for the token.
The official roadmap lacks concrete solutions for imparting utility to the token, focusing primarily on efforts to secure listings on various exchanges and even attempting to solicit tweets from influencers.
In general, cryptos that lack the ambition to stand out in the market and simply bank on name value and internet hype are often short-lived. The combination of such a vast supply and no development is a recipe for a token that has no reason to exist.
This ultimately could lead to severe inflation, as more tokens flood the market without any real utility or demand to support them. Severely inflated token supplies can diminish the value of the currency, leading to a loss of investor confidence and a collapse in price.
Additionally, without a clear purpose or use case, these tokens are unlikely to attract meaningful adoption or sustainable growth. In the long run, projects built solely on hype and speculation are unlikely to survive the volatile and competitive cryptocurrency landscape. To thrive in this ecosystem, projects must offer real value, innovation, and utility to their users.
Molars On The Way To Hitting $1 Million Presale
Meanwhile, Mollars ($MOLLARS), an ERC-20 solution to easing money spent on cross-chain fees, is currently celebrating the success of its presale.
After 1,520,180 tokens sold, the project is reaching the halfway point of the presale. What is impressive is that Mollars was able to achieve this milestone in the short timeframe of two months.
Mollars as ERC-20’s Bitcoin
While comparing any asset to the world’s largest cryptocurrency by market capitalization is definitely a bold claim, the similarities between Mollars and Bitcoin do exist.
Both tokens stand out for their limited supply. Bitcoin has a total maximum supply of 21 million tokens to ever be minted. Meanwhile, Mollars only has 10 million tokens available, less than half that of BTC.
Over the years Bitcoin has established itself as a reliable store of value, attracting investors seeking a hedge against inflation and economic uncertainty.
Meanwhile, Mollars, with its limited supply and focus on cross-chain efficiency, also positions itself as an alternative store of value. By reducing cross-chain fees, it offers a practical solution for ERC-20 investors who want exposure to Bitcoin without unnecessary costs.
After ICO, the developers of the project will not retain ownership. This means that Mollars will become a de-facto ownerless decentralized asset.
In terms of growth potential, Mollars is easily the best candidate. While Bitcoin is and will likely be the most profitable crypto to hold since ICO, its debut happened over 11 years ago. The bulk of its growth took place in the years following its debut, as it’s the norm with the vast majority of cryptocurrencies.
Meanwhile, Mollars will be entering the market on May 1st with a listing value of $0.62 [cents]. Given its similarities to BTC, it’s not unthinkable to believe that the new token could achieve a similar 20,000% growth over time.
Mollars To Launch New DEX After ICO
On top of its promising initial coin offering, the project also has ambitions to launch a new decentralized exchange, with $MOLLARS as its native token.
In general, DEX’s and CEX’s tokens like CAKE, UNI, CRV, BNB, and Sushi average a 10,000% growth after the platform goes live. However, what Mollars brings to the table is the fact that no token with that scarce of a supply has ever served as the native-currency for a DEX.
This development could speed up the token’s growth even further, serving as both a store-of-value on the Ethereum Blockchain, and the native token of a promising decentralized exchange.
While tokens like EMX may dazzle with short-term gains driven by hype and speculation, the long-term sustainability and potential for true value creation lie with projects like Mollars.
With its limited supply, focus on cross-chain efficiency and plans for a new exchange, Mollars has the potential to offer investors a reliable store of value and significant growth opportunities in the ever-evolving cryptocurrency landscape.
