Event:
A very simple memecoin $MUBARAK has actually risen in price quite strongly recently, but after a while it begins to lose popularity and fall in price. At present, $MUBARAK has fallen 40% in the last 24 hours.
Why is the listing not pumping the $MUBARAK pump?
A little history - listing of the $MUBARAK token on the biggest BINANCE exchange, it seems like a good idea to pump the team's reputation and the memecoin price, but everything is not as simple. Seeing the picture of red falling candles on the chart, we can assume that $MUBARAK has milked everything out of the audience and is slowly becoming outdated. Even such a meaningful event as getting listed on the BINANCE exchange does not lead to the price growth of the token.
What are the current realities of $MUBARAK?
Having witnessed the whole trajectory of the $MUBARAK token and the downward trend of the shilling in social media, our analysts can assume that the memecoin is only starting to outlast itself, just as we mentioned earlier - humans simply stop believing in it. We also can't help but notice that the pump of $MUBARAK became possible because of one of the founders of the largest Binance exchange - CZ, he reposted himself memes with this coin, supported in all possible ways during the pump, but now CZ just doesn't respond to any calls on this token. So how probable is further existence for $MUBARAK? The token, having a relatively large capitalization of $ 87.3 million, can both temporarily and indefinitely stop its growth, everything will only depend on further actions on the part of its team.
In-depth review:
Considering pretty sad chart, our expectations for the dump of this token do not change. Even that giant event like listing on the largest exchange did not help to make the token price grow. It remains only to wait for further actions from the $MUBARAK team and hope for a pleasant announcement from them.
This article is not financial advice!
