Mubarak Meme Coin Hits $200M Market Cap – Is It the Next Big Crypto?

The post Mubarak Meme Coin Hits $200M Market Cap – Is It the Next Big Crypto? appeared first on Coinpedia Fintech News

The Mubarak meme coin, which was launched on March 16 on the Binance Chain, has experienced exceptional growth. In the last 24 hours, the Mubarak price has seen a growth of 41%. The total market cap of the meme coin has crossed the milestone of $200 million in just two days. Notably, an early trader of this token has successfully converted his $232 investment to a $1.1 million return. Will the meme coin continue its rally? Read on! 

Mubarak Meme Coin’s Massive Surge 

At the start of March 16, the price of Mubarak was $0.03648092. At one point today, the price touched a peak of $0.206730, marking an impressive growth of 466.68%. In the last 24 hours alone, the Mubarak meme coin market has recorded a surge of nearly 41%. Currently, the price of Mubarak stands at $0.1839 – approximately 11.03% below the peak. Importantly, in the last one hour, the market has registered a drop of 3.6%.

According to reports, in just two days of the launch, the total market cap of Mubarak has crossed the milestone of $200 million.

Mubarak Early Trader’s Incredible Return 

A blockchain analysis reveals that an early trader has successfully converted his $232 investment into a $1.1 million return. 

The trader originally purchased at least 10.5 million Mubarak meme coin tokens by spending just 0.4 BNB tokens, worth $232. Later, he sold a part of his Mubarak holdings in return for at least 576 BNB, valued at at least $363,500. 

The interesting part is that the trader still holds no fewer than 5.16 million Mubarak meme coin tokens.

Binance Founder’s Investment Sparks Rally

Binance founder changpeng zhao

changpeng zhao

Changpeng Zhao is the Founder and Chief Executive Officer at Binance. His contribution to the enhancement of Binance made the platform the world’s largest cryptocurrency exchange since its inception in 2017. Zhao launched the blockchain network Binance Smart Chain which has made a remarkable contribution to the development of the decentralized finance ecosystem. Whereas in 2019, he launched Binance’s US affiliate, Binance. The US.
Details:

Organization: Binance
Location: United Arab Emirates
Skills: Trading System and Electronic Trading

Experience:

CEO at Binance from Jul 2017 to Nov 2023 ·
Founder at BijieTech from Sep 2015 to Jul 2017 
Head of Development at Blockchain.com from 2013 – 2014 ·
Partner at Fusion Systems Group  from Nov 2005 to Dec 2013 
Head of Tradebook Futures Development at Bloomberg from 2001 – 2005 

FAQ
1. What is the net worth of Changpeng Zhao? 
Changpeng's net worth is $6,260 crores.
2. What are the latest investments of  Changpeng Zhao?
Changpeng Zhao investing in the blockchain sector as well as artificial intelligence and biotechnology
 

EntrepreneurInvestorChief Executive Officer

recently purchased at least $600 worth of Mubarak. Interestingly, CZ has made several controversial statements, triggering speculations about his strong connections with Binance’s sensational meme coin. 

Apart from that, Binance has extended support to Mubarak. 

Yesterday, Binance officially revealed its plan to launch a MUBARAK/USDT perpetual contract.  

The meme coin has benefited hugely from the support it has received from the Binance team.

• Also Read :
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•   ,

Crypto Analyst Predicts More Growth in the Mubarak Market  

Many crypto analysts, including Thanos, have expressed optimism about the future growth potential of the Mubarak meme coin. 

Thanos notes that investing in this meme coin is a “no-brainer” investment decision in the current market scenario.

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