Mollars.CC, A new decentralized cryptocurrency exchange has launched. After the long-awaited debut, there’s several positive comments on social media about the first beta version but many believe the ERC-20 token that fuel’s the exchange has lost its steam.
The native coin of the exchange is the $MOLLARS token. It will allow cross-chain exchanges in time and completely bolster the blockchain’s daily trade volumes, per the project’s original outline. That volume should put the ethereum-blockchain coin on a new upward trajectory.
Currently trading at $0.06 [cents] per token, this is far from the $1.11 high it reached upon it’s listing on 3 different crypto exchanges. The token lost the majority of its value, after correction, when the DEX failed to launch in September.
Now that the Molars.CC decentralized exchange has materialized, this could be a token to watch.
Valued at $0.06 [cents], the ERC-20 token is a great ‘entry price’ for investors seeking larger gains, as a simple 6-cent gain isn’t so hard for Mollars due to its low total token supply.
However, there is another stumbling block in its way from a break out; Perhaps Mollars needs to list on other exchanges. The current trading fees of Mollars are higher than usual.
Nonetheless, with its low TTS, a 6-cent gain is still a +100% return on investment, and not many tokens have to be sold for this to happen.
With the token formerly being valued at past $1, if it has a bullish cycle like the rest of the crypto market, investor gains could be substantial. A surge to its former all-time high of $1.11 would mean a 18.5X return on investment from today’s price.
Watch for a bullish signal. Symmetrical triangle patterns on the chart for this one, followed by a breakthrough could be well worth a HODL from today’s token price.
This is the Beta version of the new cryptocurrency exchange. There will be updates completed in the future to improve the platform.
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