Ad

Mongoose price movement: Should you buy the MONGOOSE token?

By:
on Dec 16, 2021
Listen
  • The Mongoose token is one of the latest meme-tokens on the market.
  • After Brad Sherman mentioned "Mongoose Coin" in Congress, a token that once did not exist now does.
  • The token has achieved an increase in value as well as trading volume since its release.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

U.S. Congressman, Representative Brad Sherman, made statements when it came to the regulatory discussion with crypto CEOs, where he talked about meme coins and the relationship with the name of an animal. 

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

This is how Mongoose MONGOOSE/USD came into existence.

A single word can impact the crypto industry.

Copy link to section

On December 8, CSPAN posted a quote from the hearing on Twitter, where Sherman said:

“The number one threat to cryptocurrency is crypto. Bitcoin could be displaced by Ether, which could be displaced by Doge, which could be displaced by HamsterCoin, and then there’s CobraCoin what could MongooseCoin do to CryptoCoin?”

This single comment during the hearing was all that was needed in order for a new cryptocurrency token to be brought to the market.

The hearing was called “Digital Assets and the Future of Finance: Understanding Innovation in the United States.”.

Interestingly, Hamster Coin already existed, and it started surging in value; however, moments after this hearing, Mongoose Coin was also brought into existence. 

Should you buy Mongoose (MONGOOSE)?

Copy link to section

MONGOOSE has total liquidity of over $4.6 million and a market cap of over $28 million on December 16.

On December 16, Mongoose (MONGOOSE) had a value of $0.0000000000000004236.

To see what kind of value point this is for the token, we will compare it to it’s all-time high value and it’s all-time low value.

The all-time high value of the MONGOOSE token was at $0.0000000000000079072. At its ATH value point, the token was $0.0000000000000074836 higher in value, or by 1,766%.

The all-time low value of the MONGOOSE token was at $0.0000000000000000024. At its all-time low value, the token was $0.0000000000000004212 or 99% lower in value.

On December 8, the token had a value of $0.0000000000000000074. This means that from December 8 to December 16, the token increased in value by 5,624% or by $0.0000000000000004162.

With all of this in mind, we can expect the MONGOOSE token to increase to $0.0000000000000015 by the end of December.

With this in mind, the Mongoose token is a meme-token that has truly shaken up the crypto world through its rapid shift in value, but it can be a  worthwhile purchase.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals.

Learn more
Crypto Trading Ideas