MUBARAK, a meme coin launched on the Binance Smart Chain (BNB Chain), has gained significant momentum since its launch.

This growth has attracted attention from both traders and meme coin enthusiasts.

A meme coin launched on the Binance Smart Chain (BNB Chain), MUBARAK, has gained significant momentum since its launch. This growth has attracted attention from both traders and meme coin enthusiasts.

The crypto market is currently experiencing a strong recovery as it has been declining in the last few weeks, and one coin that is currently on the high side during this recovery is $MUBARAK.

Meme coins are now a major trend in the crypto industry, with several different new projects gaining traction in a short period.

$MUBARAK Launch, Community Support and All Round Growth

$MUBARAK, which was launched through the Four Meme Launchpad on Binance Alpha, has quickly established itself as one of the most outstanding standout tokens on the BNB Smart Chain. The coin’s rise comes at a time when the broader crypto market is still recovering; it could be said that the support of the BNB community and Binance co-founder Changpeng Zhao (CZ), has helped grow the confidence of more investors.

CZ(@cz_binance) spent 1 $BNB($600) to buy $mubarak and 1 $BNB ($600) to buy $TST 30 mins ago.https://t.co/0QdzQYfn7A pic.twitter.com/yv6YPuAnXY— ALL MEME COIN DATA & INFO (@MEMECOINFR) August 14, 2023

$MUBARAK seems to be following the typical memecoin strategy, as it’s benefiting from the strong community support and the increasing transactional activities on the BNB Chain.

Market Performance of $MUBARAK Memecoin Since Its Launch

Crypto analysts suggest that the memecoin’s growth could be fueled by the ongoing bullish trend in the market.

MUBARAK is now one of Binance Alpha, benefiting from increasing community backing. The community support caused the memecoin to get $50,000 in liquidity from the BNB Chain Pool Support Program, boosting total liquidity beyond $1 million. The memecoin has also gained traction through its listing on major centralized exchanges like MEXC, Gate.io, and BingX.

As of time of writing, the memecoin, has a fully diluted valuation of about $122 million and a 24-hour average trading volume of $152,392,434 million, which has grown more than 200 percent since the time of its launch. The coin is presently trading at $0.1233.