The Shiba Inu (SHIB) coin has had a decent year thus far. The “dogecoin killer” is up nearly +170% over the last year according to CryptoBubbles and +20% in the last week. However, those investor-favouring numbers are not keeping all $SHIB holders’ content. Instead, more are migrating funds over into the initial coin offering [ICO’ for a new Bitcoin rival, Mollars.
And it’s not minuscule numbers that are being moved from some. The top investor in the new store-of-value token is a crypto whale; and that cryptocurrency giant now owns the rights to over $18,000 worth of the yet-to-be-listed, Mollars token.
The reason for the sudden swing of SHIB investor funds into the new ERC-20 token is likely one simple thing — bigger profits.
Mollars is currently selling in its ICO stage for $0.55 [cents]. A live valuation on Youtube from Ari of Crypto News, projects the token could become worth 24x the current value or $13.20. In percentage, a 24X increase in value would be +2400%.
Though Shiba Inu has seen stellar ROI yields since the beginning of 2024, they have not been consistent and more traders are likely underwater than holding profits. It’s become imperative that traders of the SHIB token are active day traders to reap the greatest rewards to date this year, which is meagre in comparison to the time invested.
Mollars on the other hand is in its initial stage where the ERC-20 token is at its best price ever to be held [likely]; One $MOLLARS costs $0.50 [cents].
The ICO stage of most cryptocurrencies is its best investment point.
Shiba Inu coin was priced at $0.000000001009 during its Initial Coin Offering. Initially a ‘token’ just as Mollars, the $SHIB ICO launched in August 2020 and didn’t see its first price pump until May 2021. It took 9 months for the token to burn off a few zeros and net investors millions of dollars.
The Shiba Inu coin has a value of $0.00002652 today according to CoinMarketCap. ICO investors that bought $100 worth of $SHIB in its August 2020 initial coin offering would have a whopping $2,624,280.57 today; life-changing gains.
And while initial estimates for Mollars token aren’t projected to be +2,000,000%, the predicted yields will be more than what Shiba Inu gains are suggested to be for 2024. And if the Mollars token releases its cryptocurrency index on the currently live Mollars.CC domain as suggested, predictions could be far undervaluing the new store-of-value cryptocurrency.
What is clear, however, Shiba Inu (SHIB) token holders are migrating over and doing so with the utmost confidence. What appears to be crypto whales and veteran traders, have invested over $10,000 each into the Mollars ICO according to tracked wallets [read post].
Such trades are worthy of a news story for novice traders as ‘following the money’ is usually a solid step towards finding winning investments.
Regardless, the Shiba Inu token continues to grow in value and could see a new ATH this year. And while traders wait for the next +100% ROI yields on $SHIB coin, Mollars investors are looking towards a +2000% profit yield later this year.
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