The Ethereum-Blockchain’s new store of value cryptocurrency, Mollars, launched on 3 different crypto exchanges just under 3 months ago. On listing day it spiked in value, giving presale investors nearly a 400% profit on their 1st round purchases, before going into a correction. As popularity rises however, it’s now out performing even its biggest rival, Bitcoin (BTC).
Bitcoin (BTC) and Mollars (MOLLARS) are both store-of-value tokens. One has a total token supply of 21-million tokens, while the other has half that, 10-million. And it’s not “Bitcoin” that’s the more limited one.
As crypto traders have begun catching onto the ERC-20 network available SOV, its popularity seems to be pulling along the price [as predicted by most crypto analysts]. And in a landmark moment, this week the $MOLLARS token has begun rising in value at a faster rate than the $BTC.
In the last 7 days, Mollars has increased in value by 8.54% per CoinMarketcap. This is nearly 1.6% more than Bitcoin, which onlys aw an increase of 6.90%.
In layman’s terms, investors gained $160 more, per $10,000 invested in Dollars, than they would have with Bitcoin.
SOV Cryptos Follow The Trends of BRICS vs US Dollar
The Mollars launch was nothing short of a ‘metaverse-like’ paralleling of real-world economic issues like the US Dollar vs BRICS. Bitcoin has become the ‘center of attention’ to the world, like the Dollar, with no challengers. One crypto developer saw that as a threat to the entire digital currency movement, and strategized a similar token on the much more efficient and commercially friendly Ethereum-network.
Not only that, each of the main cryptocurrency blockchains appears to be in the process of having a token launched that will offer traders even more diversity in the ‘store of value’ spectrum.
Bitnance Will Be BNB-Chance’s Version of Bitcoin
The Binance Blockchain is set to see the launch of the “Bitnance” token in less than 110 days, after its official presale ends. It will be a BEP-20 token that offers more global inclusion options, as the BNB Chain is most utilized globally.
Bitnance is currently offering users the chance to buy 50% of the total token supply in its Initial Coin Offering [ICO] phase. Over 51,000 of the store-of-value tokens have been sold already. The price per coin is just over $0.37 [cents].
If it follows the steps of Mollars, it could reach over $1 in value on its listing day, giving investors nearly a 300% ROI yield in less than 4 months.
Bitnance could also reach further highs potentially as the BEP-20 ecosystem is far larger than Ethereum thanks to the Binance crypto exchange; The world’s largest CEX.
Arbitrum & Solana Blockchains Next
Both Arbitrum and Solana exchanges are expected to follow suit shortly with their own store-of-value cryptocurrencies. This could help loosen the grip Bitcoin has on the cryptocurrency world and reinvigorate the idea of ‘Decentralization.’
The dominance of the $BTC currently is even being called out by American icon and former US intelligence specialist, Edward Snowden. He sees potential downsides to the coin being so strong,, especially because the blockchain data is public and easily deciphered by AI technology.
Edward Snowden Warns of AI Technology Making Bitcoin Centralized
In fact, Snowden believes we’re almost to a point in AI technology that Bitcoin-Blockchain data can be used to pinpoint the individual who spent $BTC and to whom they are spending with.
New store-of-value tokens like Bitcoin, Mollars, and Bitnance help create more variables in blockchain data that will further dissolve the ability to pinpoint user details.
Of the 3 prominent store-of-value cryptocurrencies, some believe Bitnance and Mollars could be more secure.
Presale begins for “Bitnance,” a store of value token on BNB-Chain
While all of the SOVs founders remain anonymous, Bitcoin’s Satoshi Nakamoto is the only one who’s kept nearly 4.5% of the total token supply for themself. Audits have given reason to believe the BTC creator kept 1.1-million of the 21MM Bitcoin supply.
That greed is seen as a ‘red flag’ by some that perhaps the original cryptocurrency could be created by an entity that’s not so interested in ‘decentralization’ but instead the opposite — hyper-centralization.
The founder of “Mollars” called out these enigmatic idiosyncrasies during the process of the ERC-20’s launch, making it clear the importance of needing Store-of-value options beyond Bitcoin. Also, the founder made it clear the new SOV token for Ethereum-blockchain users would be equal opportunity, with 100% of the total token supply to be made available for purchase. No $MOLLARS would be given to anyone for free.
The new store-of-value token for BNB chain is also echoing that philosophy of ‘equal opportunity,’ in light of the Bitcoins Nakamoto is believed to be holding.
Perhaps these factors are all reasons for the push to the ERC20 network’s store-of-value in 2024.
If Mollars continues to outperform Bitcoin at this rate, by the end of the year investors could see the ‘hyper parabolic’ token value increase predicted by crypto media analyst during its presale.
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