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MongCoin, a new meme coin launched on April 23, stands out because of its connection to the MONGS NFT collection. The project has gained popularity among crypto enthusiasts and meme lovers thanks to its high DEXTools ranking and a Huobi Global poll win.

MONG DEXTools
Source: DEXTools

MONG Coin: Unleashing the Power of Memes and NFTs

At the heart of MongCoin is its groundbreaking connection to the MONGS NFT collection. This is a captivating assembly of 6,943 digital collectibles that debuted in January 2022. Each NFT within the collection showcases a distinctive mongoose. They all draw inspiration from the remarkable hunting abilities of this small carnivorous creature.

Mongoose, renowned for its prowess in subduing venomous snakes like cobras, symbolizes resilience and agility—attributes that resonate with the MONG community.

One intriguing aspect of the MONGS NFT collection is the incorporation of a rewarding system. The platform incentivizes holders of these NFTs with MONG coins, infusing an extra layer of excitement into the ecosystem. This innovative approach enhances the value proposition of the NFTs. It also fosters a sense of engagement and loyalty among token holders.

Addressing Controversy

It is worth noting that the term “mong” carries different connotations, some of which may be less favorable or even offensive. However, the choice to include “mong” in the project’s name and the MONGS NFT collection traces back to the disjointed remarks made by US Congressman Brad Sherman.

Seemingly, project creators intentionally embraced the term, encapsulating its derogatory associations within a broader context of resilience and empowerment.

Captivating Ecosystem

Delving into the project’s official website, one discovers captivating features distinguishing MongCoin from its meme coin counterparts. The platform showcases the alluring aspects of the MONGS NFT collection. It also emphasizes the enduring value and durability of these digital assets.

With an emphasis on resilience and longevity, MongCoin presents itself as a unique and promising player in the ever-evolving meme coin landscape.

MongCoin Reigns as King of Memecoins: Huobi Global Poll Results

Last week, Huobi Global Exchange initiated a Twitter poll to determine the pre-eminent meme coin, with contenders including DOGE, SHIB, PEPE, and MONG. Astonishingly, MONG received the most votes, totaling 30,000, thereby earning the esteemed title of “King of Memecoins.” This outcome unequivocally demonstrates its community’s formidable, vibrant, and steadfast support.

Additionally, it underscores individuals’ unwavering confidence in MONG’s ecosystem, distinguishing it from other renowned meme coins.

MONG Secures Position on DexTool’s Trending List

MONG has achieved an impressive ranking of second place on the Hot Pair List and first rank on the Trending List of DEXTools.  This is a renowned platform for decentralized exchanges. Over the course of seven days, MONG has demonstrated a remarkable gain of +27.71%. It has a market capitalization of approximately $13.36 million and total liquidity amounting to $1.15 million. This positions it as a notable player in the market.

Notably, the coin’s trading volume within the past 24 hours has reached an impressive $504.9K. Furthermore, MONG boasts an exceptional reliability score of 99/99 on DEXTools, accompanied by a commendable 55.4% level of Community Trust. These statistics illustrate MONG’s growing prominence and widespread confidence within the cryptocurrency community.

MongCoin Price Analysis

MONG Price
TradingView Chart: MONG/ETH 1-Day Chart

The price chart analysis of MONG/USD indicates a notable positive momentum in the 12-hour timeframe. The cryptocurrency is following an Ascending Trendline, which is an initial support level. A candle closing below this trendline would trigger a crucial support level at $0.00000001694, representing a 23% Fibonacci retracement calculated from the highest point on May 31 to the lowest point on June 14.

Nevertheless, the likelihood of such a scenario appears remote due to the contrasting signals provided by various indicators. The ADX indicator demonstrates a value above 25, indicating the strength of the bullish trend. Additionally, the Parabolic SAR dots positioned below the price suggest a bullish trend. Moreover, the EMA crossover is observed, with the lower EMA (orange) intersecting, with the higher EMA (green) from below, further reinforcing the presence of a strong bullish trend.

At present, the prices are encountering initial resistance at the 38% Fibonacci Retracement level, denoted by $0.00000002240. A decisive breakthrough above this level, confirmed by the closing of a candle, would propel the prices towards the 50% Fibonacci Retracement at $0.00000002649.

While MongCoin is trending higher in the market, there is another coin gaining traction from investors with its eco-friendly nature – Ecoterra.

MONG Token Alternative

Ecoterra is more than just a cryptocurrency project; it is a mission-driven company dedicated to simplifying recycling and combatting global warming. By raising awareness about the importance of recycling and incentivizing active participation, Ecoterra empowers individuals to positively impact the environment.

The innovative Recycle2Earn (R2E) app is at the heart of Ecoterra’s ecosystem. Through this user-friendly application, users can earn Ecoterra rewards for their eco-friendly actions, with each contribution of recyclable items translating into a certain amount of tokens. This unique reward system promotes recycling and allows users to generate passive income.

Ecoterra also provides a Carbon Offset Marketplace, enabling users to offset their carbon footprint by contributing to Ecoterra or other cryptocurrencies to support carbon offsetting initiatives. Furthermore, the Recycled Materials Marketplace allows businesses to purchase recycled plastic, glass, or aluminum materials, fostering sustainable practices.

Ecoterra’s impact is not limited to individuals and businesses alone. Users can showcase their positive impact actions and environmentally conscious practices through an Impact Trackable Profile, bolstering their commitment to sustainability and fostering a sense of community.

Ecoterra Pre-Sale Nears Conclusion, Raising $5.5 Million and Promoting Sustainability

As Ecoterra’s pre-sale enters its final two days, the company has garnered significant attention and achieved an impressive fundraising milestone. With the opportunity to secure ECOTERRA tokens at $0.00925 during the 8th stage, investors and environmentally conscious individuals have eagerly participated in the event. Following the conclusion of this stage, the token price will rise to $0.01, presenting a compelling investment opportunity.

As the pre-sale nears its conclusion, Ecoterra’s significant fundraising success and dedication to promoting sustainability highlight the increasing importance of environmental consciousness within the crypto industry. Ecoterra is poised to make a lasting positive impact on the planet by providing practical solutions and rewarding individuals for their eco-friendly actions.

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