Mubarak Coin has recently been listed by Binance after getting the highest votes in community voting, but its Mubarak Coin Worth has not been able to meet the expectation as expected. Rather, till the time of writing the news in its price, there has been a major decline of 37.57% in the last 24 hours. While on the one hand there has been a good growth in the price of other cryptocurrency, such as broccoli and educational, Mubarak Coin has given disappointment to users.
Mubarak Coin Record on Binance Despite the fall in the price
Binance initially planned to list only two cryptocurrency, but then listed four tokens, one of which was Mubarak Coin. However, as soon as it was announced to include in spot trading, the Mubarak Coin Worth saw a decline, while other Memecoin such as broccoli714 and Educational (Tut) have made a big increase in their price.
The decline of Mubarak Coin shows that the interest of investors towards MemeCoin in the market has decreased. While Educational saw more than 100% and broccoli714 increased by 65% after the listing, there was no significant bounce in the Mubarak Coin. These types of results can affect the trust of investors.
Apart from this, some traders have also questioned the listing process of binance and they say that Binance has given priority to the project related to CZ (former Binance CEO), which also affected the trust of other investors. This also raises the question as to whether the listing pattern of Binance will be suitable for attracting MemeCoin Investors in the future.
Investors are eyeing the future after the decline
Mubarak Coin’s trading volume is still around $ 313.43 million and its market cap is $ 95.94 million, but despite this its price is decreasing. Investors are now looking for an answer to the question whether Mubarak Coin will be able to return to his track in Future. However, to know this, investors must first know that, What is Advantages of Mubarak Coin And what possibilities are seen in it.
According to the analyst, if the Binance lists more unique projects in the future and gives less prominence to Memecoin, it can attract the attention of investors. At the moment, the stability is not visible in Mubarak Coin Worth and this time will tell what will be the next step of this cryptocurrency.
Conclusion
Despite the listing on Mubarak Coin’s binance, its price declines, indicating that the experts of investors in the market have not been completed. Memecoin’s popularity decrease and questions arising on the listing process is clear that the trust of investors has weakened. However, its trading volume is still increased, indicating that some investors are still focusing on it.
Now it will be seen to see in which direction Mubarak Coin will move forward. If binance or other major platforms adopt new strategy for such a project, it can re -confidence of investors. But for the moment, it is clear that investors need to pay more attention to bring stability to the Cryptocurrency Market.
