MongCoin (ETH: $MONG) is a meme coin created in response to the rumblings of a US congressman about the crypto industry. Since its launch, the MongCoin project has been on a mission to build a strong community to promote the crypto industry.
The MongCoin NFT Collections
Soon after its launch, the MongCoin project launched NFTs called MONGS NFT which is a collection of 6,943 NFTs on Ethereum, each based on the image of a mongoose. Additionally, the project has launched 420 NFTs on the Bitcoin network.
Unlike most other meme coins, MongCoin prides itself on having a solid project in the form of the NFT collection. This unique twist of meme coins has kept its community interested in it, which has propelled the MONG tokens to great heights. The project’s stated goal is to promote good vibes, promote positive values like friendship, and embrace meme culture.
MongCoin Market Performance
MongCoin (MONG) tokens have held their value quite well since their launch in April 2023. They are currently trading at 488.22% above their launch price. However, they are trading at a 95.51% discount to their all-time high price of $0.063547, achieved in May 2023.
The tokens have seen a resurgence in interest recently amid the general rise in meme coin prices across the board. Over the past month, the MONG token has seen its price rise 33.45% to $0.07159 per token. Since the token’s price bottomed in April 2023 at $0.097509, they have appreciated 2020.73%.
The tokens are listed on various well known exchanges including Uniswap, Bitget, Gate.io, MEXC, BitMart, LBank, and HTX. They have a market cap of $9.27M, and a 24-hour trading volume of $1.40M as of Thursday, October 24, 2024.
MONG Token Details
The MongCoin ecosystem is powered by the MONG tokens, which have a maximum supply of 690 trillion, with 581 trillion tokens in circulation, while the rest have been burned. To emphasize its embrace of meme culture, the project has no roadmap or developer team. The project has no tax on transactions.
Social Media Following
The MongCoin (MONG) project has amassed a significant following on social media since its launch, with 72.7K followers on X, 11,572 subscribers on its Telegram channel, and 70 followers on its Instagram page.
Should You Add MongCoin (MONG) To Your Portfolio?
MongCoin aims to embrace all the positive aspects of meme culture. While it has no end goal, it has created a working use case in the MONGS NFT collection. Additionally, it has a huge following on social media, which helps organically promote the project.
Based on its current trajectory, the price of MONG tokens could potentially appreciate in the coming weeks as meme coin season heats ups. As such, adding MONG tokens to your portfolio could potentially pay off in the medium term.
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