A store of value (SOV) currency on the Ethereum Blockchain is impressing the crypto sectors with its stellar performance in August. Over the past 7 days, $MOLLARS outpaced even top-market cryptocurrencies like Bitcoin and Ethereum, gaining over 28.39% in value.
Over the past 10 days, its performance has become even more noteworthy. During that time-frame, the token grew from $0.1326 to $0.1751—gaining over 32% in value. To put it in comparison, this surge is bigger than what BTC, ETH, and BNB cryptocurrencies’ gains combined.
After debuting on the market in mid-2024, the project continued to improve its ecosystem by having the token listed on several exchanges. Just recently, Mollars launched its own decentralized exchange “Mollars.CC”, in an attempt to further liquidity and utility for its currency.
The project gained notoriety during its presale phase as it marketed itself as a scarcity-driven asset coming to the Ethereum Blockchain. Soon after, Mollars quickly became a fan favorite for its innovative approach to decentralization.
After selling nearly $2,000,000 in the presale, Mollars entered the market with strong momentum, experiencing a staggering 400% growth in value shortly after its ICO. Once the project had its initial coin offering, the founders renounced all ownership of tokens, ensuring a decentralized eco-space for the currency to thrive.
How Mollars Weekly Performance Compares to Ethereum
When comparing Mollars recent performance to Ethereum, the difference is striking. Ethereum, the main token of the Ethereum Blockchain, is currently trading at $2,672, with a 1.9% loss over the past 24 hours. Despite this short-term dip, Ethereum had a respectable weekly gain of 12.72%.
However, Mollars, a token based on the Ethereum Blockchain, outshines Ethereum in this period, boasting a weekly increase of over 28.39%. This relative outperformance signifies a surge in investor interest and confidence in Mollars. Despite being a newer and smaller asset within the same ecosystem, Mollars’ stronger growth reflects its appeal as a promising store of value, attracting attention and investment at a pace that outstrips even Ethereum.
How Mollars Compare to BNB
When comparing Mollars to BNB, the differences in performance and circumstances are notable. BNB is currently trading at $522.90, with a slight 0.5% decrease over the past 24 hours. However, BNB managed a weekly gain of 9.68%.
Last week, BNB was impacted by a “sudden decision” from payment processor Paysafe to stop processing euro transactions for Binance, leading to the exchange’s exit from European markets. Additionally, Binance has been dealing with a global exodus of key staff members. These issues have likely contributed to BNB’s more modest performance, underscoring the strength of Mollars in an increasingly competitive landscape.
New Store of Value Currency Coming to Binance Chain
Interestingly, a similar project is coming to the Binance Chain later this year. Bitnance [presale here], like Mollars, is focusing on a scarcity-centric approach. With a maximum supply of 10.5 million tokens, Bitnance is currently in its presale phase, offering users the chance to buy 50% of the total token supply. Nearly 52,000 tokens have already been sold, with the price per token of around $0.37.
Due to its similarities to Mollars, the community is eagerly participating in the presale, anticipating a similar 400% surge post-ICO, expected around 100 days from today. This excitement highlights a potential shift in the crypto market: as decentralization gains importance, the reliance on stablecoins and their fiat pegs might diminish. New cryptocurrencies with built-in scarcity and decentralized principles could redefine how value is stored in the digital age.
