Even though seeing new memecoins enter the crypto world is not a new thing, this one’s a little bit more exciting and worth observing. Recently, MoonBag has made a super-duper entry into the world of crypto. With its much more than “just perfect” features, this MoonBag Crypto, an Ethereum-based memecoin has already established itself as a successful player other cryptos should fear.
At present, the MoonBag presale has raised 193,735,462 / 231,590,000 Meters with 1 MBAG = 0.0003 USDT. Interestingly, the MoonBag meme coin presale is in its 6th stage and has very smoothly pushed VeChain and Solana investors to rally behind the MBAG coin.
Let’s have a look at the main reasons for this sudden shift –
VecChain’s Sustainability Program Is Not So Sustainable
The UCO Network’s community app, Oily, is now live on the VeChain network. The purpose of the app is to encourage & support sustainable decision-making amongst users. Regrettably, the blockchain’s good move had no beneficial impact on the price of VET. The native coin of VeChain has been losing money for some time now. Following the news of the Oily app, VET’s value dropped by 4.08%. Due to the price drop, investors are using MoonBag as a way to protect themselves from losses.
Solana’s Approach Goes Wrong – Prices Keep Decreasing
The Solana blockchain is now supported by Entangle’s E-bridge. The purpose of the e-bridge is to enhance user experience, and increase transaction speed & quality on blockchains. Entangle’s E-bridge has made it simple for Solana users to move money between blockchains. However, the Solana price chart did not reflect the blockchain’s advancements. Following Entangle’s announcement, the value of SOL dropped by 5.55%, prompting investors to sell out in favor of a more favorable investment option.
MoonBag Crypto – Top Meme Coin Presale In 2024 & Price Prediction Analysis
Investing in the MBAG Coin can prove to be fruitful for investors at this point in time. The presale itself has been very successful raising over $2.1M. However, due to the increasing popularity, rumors are spreading related to MoonBag touching $1 by November 2024. Not only this, twenty percent of the total money received during the presale will be allocated to liquidity, as well as support buyback and burn events following the official launch. The activities will help make MBAG coins more scarce and will take place three to six months following MoonBag’s formal launch.
Suggested Read: Top Meme Coins Of 2024
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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
