Mong Coin: How to buy MongCoin Guide

Muhammad Naeem

Blogger

There are thousands of crypto projects in the market that serve different purposes. We have Bitcoin, the supreme crypto, then we have Ethereum, the ultimate crypto utility hub. There are many other utility coins, and scalability projects empowering layer1 blockchains.

Besides that, we have stable coins that are meant to increase financial fluency and help pair to pair and cross-border transactions almost immediately.

Last but not least, meme coins. Technically these coins do nothing but have a community that believes one day these coins are going to make them rich - and in some cases, it is true, ironically.

Starting from Dogecoin and Shiba Inu coin, there are hundreds of meme coins launched every month. Mongcoin is one such project.

MongCoin Token Overview:

You might have looked at the Mongcoin mong price and wondered that the coin is selling for less than pennies and probably you should invest in it. In this article, we will help you make informed investment decisions.

Starting on April 23, the Mong coin has come a long way. MongCoin ($MONG) is a memecoin created as a joke based on the incoherent crypto-related speeches of the US congressman Brad Sherman. $MONG was created to spread friendship and develop the MongMob community. Additionally, $MONG serves as a reward for the MONGS NFT collection.

MongCoin: One of the many meme coins

$MONG is an ERC-20 token that runs on the Ethereum blockchain. It has a total supply of 690 trillion tokens, of which 581.2 trillion are in circulation as of August 20, 20234. The token has a deflationary mechanism that burns 2% of every transaction. Another 2% is redistributed to all holders as a passive income.

$MONG holders can also stake their tokens to earn more rewards and access exclusive features such as voting rights, early access to new NFT drops, and special events. Moreover, $MONG holders can use their tokens to buy, sell, and trade MONGS NFTs on the MongMarket platform.

MongCoin price today:

The live MongCoin price today is $6.51e-9 USD with a 24-hour trading volume of $821,770. The $MONG price to USD is updated in real-time. MongCoin is down 5.34% in the last 24 hours. The current CoinMarketCap ranking is #984, with a live market cap of $3,782,234. It has a circulating supply of 581,196,039,603,956 $MONG coins and a max. supply of 690 trillion $MONG coins.

MongCoin: $Mong Price prediction

Marketcap and Price Chart:

MONG is among the meme coins that fall in million dollar market cap category. Though the coin's USD price is only $6.51e-9, it has a market cap of over $4.2 million currently. The current price of the coin is probably its lowest since it is launched.

Had you bought MONG crypto in May, it'd probably be the highest price paid for these meme coins. However, now the coin stands at its minimum price. If the coin can update its minimum price level or is it going to pump? let's find out.

Mongcoin price prediction: mongcoin today

MongCoin Price History:

MongCoin was launched on April 23rd, 2023 with an initial price of $1e-9 USD per token. The token quickly gained popularity among meme coin enthusiasts and reached its all-time high of $2.18e-8 USD on May 10th, 2023.

Mongcoin historical data: Monthly report

Since then, MongCoin has been fluctuating between $4e-9 USD and $9e-9 USD, showing some signs of recovery and stability.

How to buy Mong Coin?

$MONG Crypto token is available on both centralized and decentralized exchanges. To buy Mong Coin, you need to have an Ethereum-compatible wallet that supports ERC-20 tokens to trade on a DEX. Some examples of such wallets are MetaMask, Trust Wallet, Coinbase Wallet, and Ledger Nano S.

Once you have your wallet ready, you need to follow these steps:

1. Go to LBank, Bitget, BingX, BitMart, or Toobit, which are the top cryptocurrency exchanges for trading in MongCoin stock.
2. Create an account and verify your identity if required.
3. Deposit some Ethereum (ETH) or USDT (Tether) to your exchange wallet.
4. Search for the $MONG/ETH or $MONG/USDT pair and place a buy order at the current market price or a limit order at your desired price.
5. Confirm your transaction and wait for it to be executed.
6. Transfer your $MONG tokens to your personal wallet for safekeeping.

Where to buy mongcoin?

If you would like to know where to buy MongCoin at the current price, the top cryptocurrency exchanges for trading in MongCoin stock are currently LBank, Bitget, BingX, BitMart, and Toobit.

However, you can also buy MongCoin from other decentralized exchanges (DEXs) such as Uniswap or SushiSwap. These platforms allow you to swap your ETH or other ERC-20 tokens for $MONG without creating an account or going through any verification process.

What is the all-time high for MongCoin (MONG)?

The all-time high for MongCoin (MONG) is $2.18e-8 USD, which was achieved on May 10th, 2023. This was the highest price that MongCoin ever reached since its launch on April 23rd, 2023.

MongCoin Price Prediction 2023

MongCoin price prediction is a tough job since this is a new coin with very less track record. However, through a generic approach, we can guess the pattern and discuss the factors that influence the mongcoin price. Some of these factors are as follows:

• Token's Demand and
• Sentiments and hype
• Development and innovation of the project
• Competition and collaboration
• Overall crypto market movement

Let's discuss both scenarios if Mongcoin price is going to go up in a bullish scenario or if it is going to go down with the entire market cap in a bearish scenario.

Bullish Scenario:

Imagine MongCoin getting the attention of Elon Musk or any other crypto gennie. It keeps growing and more people start using it. This could happen because lots of good things are happening in the world of crypto and meme coins. Some of these things include:

• Big companies and regular folks have started using cryptocurrencies and NFTs more.
• People really like meme coins and NFTs for fun and showing themselves.
• People learn about MongCoin because of cool ads and friends talking about it.
• The technology that MongCoin uses, called Ethereum, is getting better and safer.
• The government makes good rules for the crypto world.

If all this happens, MongCoin might become another Dogecoin or Shiba Iny. It could be one of the top meme coins, and its price might go from very tiny to a bit bigger, like from $0.0000001 to $0.0000005. That would be a big jump, like 1000% to 5000% more.

However, we might never see it worth even a few cents due to its insane number of coins in the circulating supply.

Bearish Scenario:

Mongcoin Price Prediction: Bearish Scenario

But what if things don't go well for the MongCoin price? Imagine it faces lots of problems that stop it from growing. This could be because some bad stuff is happening in the crypto world and meme coins. Some of these things include:

• There are fewer crypto-oriented sentiments in the market.
• Meme coins and NFTs are not exciting for people anymore.
• The team behind the project abandons it, worst case.
• The blockchain used by MongCoin, Ethereum, is having problems and not getting better like it should.
• The government makes tough rules for the crypto world.

Conclusion:

If all this happens, MongCoin might lose its value and not be popular anymore. It might be one of the not-so-good meme coins, and its price might go from really small to even smaller, like from $0.0000000001 to $0.0000000005. That's a big drop, like 90% to 30% less, or in the worst-case scenario, we might never find it listed anywhere.