What is MongCoin? MongCoin Price Prediction

Do you value meme culture and good vibes? If so, odds are you’ll enjoy the latest meme project currently on the rise: MongCoin! By looking at some on-chain data, we can see that the MONG coin has gained some serious traction, which is reflected in the token’s price. But what exactly is MongCoin? Without further ado, let’s explore this project as well as its price prediction further.

The 2023 parade of meme coins that PEPE, WOJAK, and CHAD initiated continues. While PEPE is still leading the herd, it might be MongCoin’s time to shine. If you want to learn more about the coin and want to know how to buy MongCoin quickly, just dive into the following section.

What is MongCoin? 

MongCoin is a new meme crypto project that launched on April 23rd, 2023. However, unlike some other meme coins, this one relates to an existing NFT collection: MONGS NFT. The latter was created in January 2022 and includes 6,943 NFTs, each portraying a unique mongoose. Holders of these NFTs will receive awards in the form of the MONG coin.

There’s no whitepaper or detailed info on the MongCoin page; however, the site does provide what they call a “Mongress” agenda. The agenda includes the first and the second term:

• First term:
  • Launch
  • CoinGecko and CoinMarketCaplistings
  • Initial NFT holder claim
  • Get the MONG coin trending on Twitter
  • Call groups and AMAs
  • Token-gated alpha group
  • Community partnerships
  • 10k+ holders

• Second term:
  • CEX listings
  • Brad Sherman interview
  • MONG merch
  • Purple Mong juice
  • Top-tier exchange listings
  • The MONG coin to become the number one degen coin
  • 100k+ holders

As part of the project’s disclaimer, the official MONG token page points out that this meme coin has no intrinsic value or expectation of financial return. The website also notes that there is no formal team or roadmap and that the coin is completely useless and for entertainment purposes only.

Mongs as Meme

According to the MONGS NFT collection, they base each “MONG” NFT on the mongoose, a small predatory carnivore. These animals are mainly found in Africa but also live in southern Asia and southern Europe. These small predators are known for their skillful attacks on highly venomous snakes, including king cobras.

On the other hand, the word “mong” also has other less flattering or even offensive meanings. Since the idea for the MONGS NFT collection was born out of the well-known incoherent ramblings of a US congressman (Brad Sherman), it wouldn’t be surprising if “mong” was used intentionally to include these insults.

MongCoin Price

Within the first day of the token launch, its price went from $0.000000000007958 to $0.000000008133. This initial 1000x+ increase was reserved for those who spotted this altcoin as soon as it launched. Following that local high, the price consolidated for the next three days in the $0.000000001 – $0.000000006 price range.

That three-day consolidation period allowed early investors to jump in on this new opportunity. Those who took action and got their bag of MONG were in for a treat. After all, in the next 38 hours, MONG did another 10x rally, setting a high at $0.0000001116.

On May 6th, MongCoin reached its all-time high at $0.0000003547. After that, the coin witnessed some price corrections.

At the time of writing, MongCoin is trading at $0.0000001866, which is still more than 20000x above its launch price.

MongCoin Price Prediction 2023, 2025, 2030

Technical analysis usually doesn’t really work with meme coins. Plus, the MONG coin is relatively young, so there’s a very limited amount of historical price data. Still, if you wish to speculate about price prediction, you can use the Fibonacci retracement tool – measuring from MONG’s ATH to its latest lowest point.

By doing so, you can see that the 4.236 Fib extension (which usually marks the highest potential) sits at $0.0000003643. So, the next short-term pump could easily take MONG on another 2x-plus rally.

When it comes to the long-term price predictions for MongCoin, you can look at the leading meme coins as a guide.

Below pulls together our latest MongCoin price prediction for 2023, 2025 and 2030 to give you an idea of how the meme coin might perform in the future.

Please know the forecast figures are generated using our price prediction tool and in that matter, not a guarantee, that the actual price action will follow what we mentioned. Forecasts are not immune to changing circumstances and will be updated with new developments. Always do your own research and evaluate all necessary factors before making any investment.

Can MongCoin Follow the Success of DOGE or SHIB?

Shiba Inu and Dogecoin are the two meme coins currently sitting among the top 15 altcoins by market cap. Whether you like these coins or not, you have to agree that they’ve come a long way.

Of course, the chances of MongCoin following SHIB’s or DOGE’s success are quite slim, but it is possible. As such, we can look at SHIB’s and DOGE’s ATH market caps and divide them with MONG’s supply to determine what’s possible for MONG:

• If MONG were to follow SHIB’s success, it could reach the price of $0.000063 per token during the next bull run. From the current price, that would be a 300x-plus increase for MONG.
• If MONG were to follow DOGE’s success, it could reach the price of $0.000119 per token during the next bull run. From the current price, that would be a 600x-plus increase for MONG.

How to Buy MongCoin?

If you want to buy MongCoin, you only have one option: buy MONG on Uniswap. So, if you are familiar with that DEX, you can access it and search for the MONG/WETH trading pair. Of course, you will also need a Web3 wallet (e.g., MetaMask) with some ETH to get $MONG.

However, if you are new to swapping altcoins, we recommend you use the “Buy MONG” button on the MongCoin website to ensure that you land on the right trading pair page.

The link from the MongCoin website will take you directly to Uniswap.

Summing All Up

In today’s article, you discovered all the essentials about the MONG coin to determine whether or not this new meme coin deserves your attention. Along the way, we even looked at MongCoin price prediction and where it could go if the token were to follow SHIB’s or even DOGE’s footsteps. However, regarding the “should you buy the MONG coin?” question, we leave it up to you to decide.

While MONG may still be an interesting token to buy, you now know that the crypto space offers countless opportunities. As such, even if you decide to get a moon bag of MONG, you shouldn’t limit yourself to a single altcoin.

After all, the crypto domain has a lot to offer – it is a 24/7 market where things happen fast. The average altcoin tends to experience 50x-70x gains during the bull market. Moreover, the next bull run is coming soon – some argue it has already started!

If you’re interested in more cryptocurrencies that have a lot of potential for the future, check out our articles covering the next cryptocurrencies to explode in value.

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