Amid the ongoing crypto market recovery led by Bitcoin, the MUBARAK memecoin shows significant growth in the BNB ecosystem, driven by active trading.
MUBARAK Fundamentals
The MUBARAK memecoin was launched on March 13, following an X post by Binance co-founder Changpeng Zhao. Launched on the Four Meme launchpad, Mubarak has became part of Binance Alpha. With community support and BNB Chain Pool Support Program, the memecoin's liquidity reached over $1 million. It currently boasts around 14,000 holders.
Midterm Price Targets
With a fully diluted valuation of about $111 million and a 24-hour average trading volume of $54 million, the MUBARAK memecoin experienced a 200% increase over the last 24 hours, trading at $0.112 on Monday, March 17, during the early London session. The upward trend remains evident, although the rate of growth suggests a possible market correction phase.
Community Support and Future Prospects
MUBARAK memecoin has received substantial support from centralized exchanges such as MEXC, Gate.io, and BingX, boosting further growth and market presence.
The MUBARAK memecoin exhibits significant growth potential with strong support from the BNB ecosystem and major crypto exchanges.
