Mong Coin is a new meme cryptocurrency that aims to set itself apart from the rest of the crowd. Unlike other meme tokens such as DOGE or SHIB, the MONG token is linked to an established non-fungible token (NFT) collection known as the MONGS NFT.
This article is a comprehensive guide to the Mong Coin project, where we will learn what it is all about and how it works. We shall also explore the MONG token, understand its purpose in the Mong ecosystem, make price predictions for the token until 2030, and name exchanges where it is listed, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is MongCoin (MONG)?
MongCoin is an innovative meme cryptocurrency that unlike its rivals enjoys links to an established NFT collection in MONGS NFT. While other meme coins lack a tangible asset backing them, Mong Coin draws inspiration and value from digital assets.
MONGS is an NFT collection that was released in January 2022 containing 6,943 images portraying a unique mongoose. Every MONGS NFT holder receives incentives in the form of the Mong Coin.
How Does MongCoin Work?
MongCoin’s official website is a typical meme coin page, where various intriguing aspects of the project are highlighted. The website emphasizes the resilience of the Mongs NFT during the crypto winter of 2022, the value of friendship, embraces degenerate meme culture and promotes positive vibes among crypto enthusiasts.
The project invites individuals who align with these values to acquire MONG tokens. However, just like every other meme token, MONG holds no intrinsic value, which the token’s founders clarify as a disclaimer.
Furthermore, the website clearly says that MongCoin has no formal team or project roadmap, indicating that it serves no practical purpose and is purely for entertainment purposes.
The team has implemented a 5% tax on every MONG transaction, out of which, 1% is directed to the token’s liquidity pool (LP), 1% is distributed to MONG holders, and 3% is allocated for Mong Coin’s marketing and development purposes.
10% of the token’s supply is reserved for Mongs NFT holders. These coins were only unlocked when Mong Coin’s market capitalization hit a milestone of $100,000.
What is the MONG Token?
MONG is the native cryptocurrency of the Mongs NFT collection. The meme token backed by the popular digital art collection holds no intrinsic value or serves any other purpose on the network apart from being there for pure fun and entertainment. It is given as a gift to those who own or purchase Mongs NFTs.
MONG has a maximum supply of 690 trillion tokens, out of which, 581.196 trillion MONG are currently in circulation. Mong Coin has a market capitalization of $13.949 million with a 24-hour trading volume of $4.727 million.
Mong Coin (MONG) Price Prediction 2024, 2025-2030
At the time of writing, MONG is trading at $0.00000002187 – up 27.7% over the previous day’s price.
Based on its current valuation, we have projected the minimum, average, and maximum prices at which MONG could be changing hands between 2024 and 2030.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
| 2024 | $0.00000004489 | $0.00000007631 | $0.00000001077 |
| 2025 | $0.00000008259 | $0.00000001311 | $0.00000001796 |
| 2026 | $0.00000001257 | $0.00000001436 | $0.00000001616 |
| 2027 | $0.00000005746 | $0.00000008619 | $0.00000001149 |
| 2028 | $0.00000007900 | $0.00000001113 | $0.00000001436 |
| 2029 | $0.00000007900 | $0.00000002298 | $0.00000003232 |
| 2030 | $0.00000002873 | $0.00000003412 | $0.00000003950 |
Where To Buy Mong Coin (MONG)?
Mong Coin can be purchased and traded on the following cryptocurrency exchanges:
Is Mong Coin a Credible Cryptocurrency Investment?
Mong Coin is a newly launched meme cryptocurrency on the Ethereum network that is gaining a lot of attention these days. Unlike other meme token projects, Mong coin is linked to the popular MONGS NFT collection.
The project’s native MONG token doesn’t seem to show massive price performance going till the end of the decade. This is because the token holds no intrinsic value or has any other practical use case apart from being linked to an NFT collection that is facing the brunt of a lack of overall engagement in digital collectibles.
All things considered, I would not recommend MONG as a long-term investment, but as a short-term asset to make quick gains. The token is currently performing well in the market.
However, as is the case with every cryptocurrency, MONG is also prone to extreme price fluctuations. Therefore, you must do proper research before making any investment decision regarding Mong Coin.
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