MOLLARS (MOLLARS) Token Prepares for a Breakout as it Parallels Bitcoin (BTC)

The Mollars (MOLLARS) token, lost slightly over 80% of its value since hitting an all-time high earlier this year.

The price of a decentralized cryptocurrency, known as Mollars (MOLLARS), has dropped by over 80% since hitting an all-time high earlier this year, but the token has shown signs of a potential breakout after losing steam.

According to data from CoinGecko, the MOLLARS token has risen by over 10% in the last 24 hours, diverging from the broader market trend and showing signs of life after bathing in the “red” for two months.

The token is currently priced at $0.06242, and with a low total token supply of 18 million, this price could shift upwards quickly, especially with a crypto whale investment.

What was Mollars All-Time High?

The all-time high of Mollars (MOLLARS) was $1.103, a price that was reached on listing day as the highly-anticipated project garnered the attention of most major crypto platforms, getting listed on seven different crypto exchanges.

A decentralized crypto exchange (DEX) is still expected to be released from the Mollars brand. A test version of the project was released on the Mollars.CC domain before being deactivated; the project’s developers are still testing.

The Mollars DEX could help push the token’s floor price upwards indefinitely. If Mollars were to reach its $1.102 all-time high again, it would be a 16X increase from today’s price of $0.06242. A $1000 investment would yield $16,654 to investors.

Watch for Crypto Twitter Signals

Crypto Twitter has yet to catch onto the Mollars hype train, which could also send the token into a hyper-bullish cycle. Tokens like Pepe (PEPE) and DogWifHat (WIF) have seen incredible exponential gains from the effects of “crypto Twitter.”

Mollars is currently being traded on Bitmart, Uniswap, LBank, and more.

Like Bitcoin, Mollars has an extremely low token supply, which is designed to keep the token’s price highly influenced by user holdings. Crypto whales made hundreds of thousands of dollars from the token after its launch on crypto exchanges — perhaps lightning is about to strike twice.

The recent listing of the token on Pump.fun indicates some investors may be interested in the future of this Ether-blockchain token.