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There are two cryptocurrency Initial Coin Offerings (ICO) that the majority of crypto investors are watching to start 2024 – Meme Kombat (MK), which is a popular memecoin, and Mollars (MOLLARS) which will be a store-of-value token and alternative to Bitcoin. MKhas reached $7-Million in presale funding while the MOLLARS’ ICO is close to $325k. However, only one of these two tokens is a ‘solution’ and that is why analysts see it returning $1.1-Million-dollars per $5000 invested.
The money going into a project is not always the ‘tell-all’ story of what’s great. If that’s the case, Dogecoin, Pepe, and Shiba Inu tokens would be worth more than Bitcoin and Ethereum. Cryptocurrencies that offer a solution or fulfill financial needs are valuable.
When comparing the two most talked about Initial coin offerings of 2024, there’s glaring differences between MK and MOLLARS. Some like ‘gambling’ with memecoins as Warren Buffett has pointed out. However, smart money generally follows intelligent plans.
Is MemeKombat (MK) a Good Investment?
MemeKombat (MK) is a memecoin that offers no actual value for traders; not beyond a hope that demand will send prices skyrocketing upwards.
Once the initial frenzy for an ICO dies down post-listing, most traders try to sell as fast as they can to grab instant profits. In some cases, these ‘runs’ on the tokens are so heavy, users can’t cash out because the tokens don’t have a big enough liquidity pool. Memecoins are prone to such runs. That’s what happened to Pepe ($PEPE) and MiLady ($LADY) memecoins in 2023.
How Many Memekombat ($MK) Tokens To Be Minted?
Memekombat ($MK) is not ‘scarce’. It’s supposed to have a total token supply at 120 Million tokens. For it to have a parabolic uptrend in value, give investors massive yields, and generate healthy demand, the entire supply needs to be sold.
This is a heavy load to push, though the play-to-earn gaming platform they aim to build has the potential to do it.
The $MK token presale value is currently $7-Million and has a target hard cap of $10-Million or 60-Million tokens. At $0.27-cents per token currently, the ICO sold 29,836,418 tokens. This is about 79% of the total supply that will be available to the world at discounted prices before its listing on a major crypto exchange.
How Many $MK Tokens Does the MemeKombat Founder Own?
After launch, there will be an additional 60-Million tokens to be minted. The actual number to be sold is unknown. It has not been made clear how many tokens will be kept by the creator and developers of the MemeKombat token and P2E gaming platform — another ‘stark’ contrast between $MK and $MOLLARS.
MemeKombat Prediction Suggests $74,074 Profit On $5000 Investment
A recent prediction by a crypto news analyst for the $MK token is set to reach the $4 mark by the start of next year, 2025. A solid growth, the ROI yields from a $5000 investment today at the ICO token price of US$0.27 would be $69,074.07. That’s a 1381.48% gain and a profit of $74,074 for investors.
Token Demand Driven By Gaming
However, all this is based on a massive level of gaming activity to boost prices and demand for the token. If gamers do not start playing the game relentlessly or demand for the game is not maintained throughout the year, investors could see a problem.
Is Mollars (MOLLARS) a good investment?
Compared to Mollars, there’s much more risk.
The “$Mollars saves dollars” for crypto traders needing a digital currency to hedge against global inflation. It offers a needed long-term solution to a problem that millions of crypto traders face, versus looking for a gaming prop to hold up demand.
Last year, traders paid hefty amounts in fees for Bitcoin transactions. The record for 2023 was a single transfer of 139 Bitcoins that cost a trader $3,100,000 [dollars]. The fee for the 1 transaction cost more than most crypto traders have in their portfolio and the trader allegedly wanted a refund, but could not get it.
Rival blockchain Ethereum costs less to operate and completes transactions faster. Mollars is a store of value cryptocurrency, like Bitcoin, but on the better blockchain.
Simply put, Mollars is a Bitcoin but with lower transaction fees & on a better Blockchain
The average transaction fee on Bitcoin-Blockchain is $39 while Ethereum users pay a mere $7. That difference means every trader that trades a Bitcoin instead of a Mollars token will lose 82% more in transaction fees, for going with the outdated store-of-value crypto [BTC].
Be Smart & Save or Lose Money
In simple terms, Mollars can potentially make traders using Bitcoin like ‘dumb money’. Literally, the traders sticking to $BTC would be giving away money to Satoshi Nakamoto’s miners & possibly the founder himself — the ownership issue .
There lies another difference between Mollars, MemeKombat, and Bitcoin. Of these 3 tokens, only one is a truly decentralized and ‘selfless crypto.’ That ownerless crypto is Mollars (MOLLARS).
Satoshi, founder of Bitcoin (BTC) kept 1-million tokens. The founder of Memekombat (MK) has not declared how many tokens they will keep.
Mollars creator(s) nor anyone ever, will get a $MOLLARS token free. A full 100% of the 10-million total token supply [TTS] being minted will be for sale.
How Many Mollars (MOLLARS) Tokens Will be Minted — Total Token Supply?
Only 10-Million tokens is less than Bitcoin (BTC), Solana ($SOL), MemeKombat, Injective ($INJ), Chainlink (LINK), and almost any other brand that can be named. Bitcoin has a total supply of 21-Million tokens (only 20-Million were sold at first). Memekombat will mint a total supply of 120-Million tokens.
A chunky 40% of the total supply to be minted is being sold during the Mollars Initial Coin Offering [ICO]. That is 4-Million of the 10 Million TTS.
Currently, somewhere around 75,000 tokens are being sold daily. The hard cap of 4-Million is expected to be reached sometime in February 2024, closing the token presale 2 months shy of its preset deadline (May).
Token Demand Fueled By Saving Traders Massive Money On Transaction Fees
Demand is driven by the value crypto investors and traders alike see in the ‘solution’ Mollars token presents. It will ride on the back of the Ethereum blockchain which has consistently outperformed the Bitcoin Blockchain and offers a cheaper solution to global inflation — a trend seen across the world.
As marketing and branding value increase for Mollars, the average joe will understand the importance of saving on transaction fees. That understanding will boost demand for the Mollars.
This new ERC-20 token has none of the gimmicks and frills of gaming and memecoins. It has 4 essential characteristics: No ownership (Decentralization), minimal total token supply, a solution for the high Bitcoin transaction fees, and a logical plan to increase demand.
Based on these 4 simple characteristics, analysts predict the Mollars token’s price could follow a similar trajectory to Bitcoin’s historical data. Reaching a price of $100 is not a daunting challenge. It’s possible that the price could be seen by the beginning of 2025, just like Memekombat’s prediction of $4. The difference of gains, however, leaves 1 token as a clear winner for an ICO investment decision.
$5000 Investment Into Mollars Tokens Predicted To Yield $1,111,111.11 Profit
Currently, the Mollars ($MOLLARS) token is being sold for $0.45 per token. A $5000 investment at today’s price, would yield a substantial and life changing gain of US$1,106,111.11, if the store-of-value token’s price reaches US$100.
Yes, that’s slightly over $1.106-Million after ROI yields, or percentage wise a gain of +22122.22%.
The total profit would be $1,111,111.11.
And this is not the final projection for Mollars. The demand vs total token supply [TTS] leaves a supremely high projection for the 10-year holders. It could see slightly under half the high of Bitcoin’s biggest ROI yields — +9,500,000%.
MemeKombat (MK) vs Mollars (MOLLARS)
The difference between Memekombat and Mollars is clear. One offers a solution and will determine its success from the amount of people who choose to save money when buying a store-of-value token similar to Bitcoin.
MemeKombat on the other hand offers a game and its success will be determined by how many people continue to play it over the next 365 days or so. The investor’s choice is a personal one, but either way, there’s a predicted profit. However, one project has a far greater forecast.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
