Key Takeaways
After Iggy Azalea launched Mother Iggy (MOTHER) on Solana, Ethereum founder Vitalik Buterin criticized the trend of celebrity memecoins.
Despite his criticism, MOTHER’s popularity soared, reaching a market capitalization of over $180 million at the time of writing.
Adding fuel to the rally, Azalea announced plans to relaunch a telecommunications company she founded, allowing customers to pay for phones and monthly plans with MOTHER or SOL.
Initially, Azalea didn’t name the phone business, but in a follow-up announcement, she revealed that “Unreal Mobile is a service provider” offering a selection of phones for purchase. She also mentioned that Sphere Labs would handle payments.
Ironically, Buterin’s criticism may have boosted MOTHER by providing free publicity. The potential tie-in with Unreal Mobile could further differentiate MOTHER from other celebrity crypto projects by offering a genuine use case.
However, with limited information available, it remains too early to determine whether this will be the case.
Mother Iggy did not respond to a request for comment.
Let’s now take a look at Mother Iggy’s price prediction. We’ll also examine the MOTHER price history and explain what Mother Iggy is and what it does.
Minimum MOTHER Price Prediction | Average MOTHER Price Prediction | Maximum MOTHER Price Prediction | |
---|---|---|---|
2024 | $0.0348 | $0.0798 | $0.0862 |
2025 | $0.0843 | $0.0951 | $0.10 |
2030 | $0.26 | $0.29 | $0.31 |
If the positive momentum continues and MOTHER breaks above its moving averages, it could reach targets between $0.0348 and $0.0862 by the end of 2024, with the average price set at $0.0798.
Technical analysis suggests a potential increase for Mother Iggy in 2025. The minimum MOTHER price expected for 2025 is $0.0843, while the maximum is $0.10. On the other hand, the average forecast suggests it may reach $0.0951.
Based on technical analysis, MOTHER may reach a maximum level of $0.29 at the beginning of the next decade, while, in the worst scenario, it may go to $0.26. Meanwhile, the average expected price is $0.29.
As of Aug. 13, 2024, the overall sentiment towards Mother Iggy (MOTHER) is cautiously bearish. While three technical indicators suggest potential upward movement, a larger number of indicators – 15 – point to a downward trend.
Based on today’s classical pivot point at $0.042646, MOTHER’s immediate support levels are $0.040135 and $0.037865, with a stronger support level at $0.035354. Conversely, resistance levels are situated at $0.044916, $0.047426, and $0.049697.
Looking ahead, MOTHER’s projected price for Aug. 20, 2024, stands at $0.059086, representing a potential 47.96% increase. This forecast is derived from analyzing the price trends of the past 30 days. However, it’s essential to note that the current bearish sentiment may influence the actual price trajectory.
Mother Iggy’s price prediction suggests a potential rise of 6% in the next 24 hours and one of 225% in the next month, with the price expected to reach $0.129891 by Sept. 12, 2024. However, technical indicators reflect a Bearish sentiment, and the Fear & Greed Index stands at 31, indicating fear in the market.
Over the past 30 days, Mother Iggy has experienced 12 green days (40%) with a high price volatility of 29.79%. Given these conditions, investing in Mother Iggy may not be the best time.
Current Price | One Month Ago | Price Change | |
---|---|---|---|
Mother Iggy | $0.03916 | $0.03139 | +25% |
Cat In A Dog’s World | $0.004368 | $0.003243 | +38% |
Popcat | $0.5287 | $0.5839 | +7.8% |
Tensor | $0.3512 | $0.4536 | -23% |
Our price prediction for Mother Iggy combines technical analysis tools and recognizes the logic in price cycles. We’ve primarily used the Elliott Wave Principle, which describes these price movements in their motive and correction phases.
Applied to the Mother Iggy-specific time-frames and its price history, we can come up with the targets, although the further we project, the less accurate they are because they depend on what happens in between.
We looked at Mother Iggy’s price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, suggesting the best times to buy MOTHER.
Day of the Week | Tuesday |
Week | 21 |
Month | June |
Quarter | Second |
Following that, let’s look at some of the key dates in the Mother Iggy price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Mother Iggy price prediction.
Time period | Mother Iggy Price |
---|---|
Last week (Aug. 6, 2024) | $0.04467 |
Last month (July 13, 2024) | $0.03139 |
Launch price (Aug. 31, 2017) | $0.02028 |
All-time high (May 29, 2024) | $3.2165 |
All-time low (June 6, 2024) | $0.2220 |
The market capitalization, or market cap, is the sum of the total number of MOTHER in circulation multiplied by its price. On Aug. 13, 2024, Mother Iggy’s market cap was $38.7 million, making it the 563rd largest crypto by that metric.
On Aug. 13, 2024, one wallet held 5.09% of the supply of Mother Iggy.
As of Aug. 13, 2024, the five richest Mother Iggy wallet addresses were:
Supply and distribution | Figures |
---|---|
Total supply | 986,140,000 |
Circulating supply (as of Aug. 12, 2024) | 986,140,000 (100% of total supply) |
Holder distribution | The top 10 holders owned 20% of the maximum supply as of Aug. 12, 2024 |
Mother Iggy’s whitepaper hasn’t been published yet.
MOTHER IGGY (MOTHER) is a memecoin created by renowned Australian rapper and model Iggy Azalea. Since its launch on May 29, 2024, it has quickly become one of the most talked-about tokens on the Solana blockchain.
As a memecoin, MOTHER isn’t intended for practical use but is designed for fun and community engagement. However, it has a unique feature that distinguishes it from other memecoins. Iggy Azalea has pledged to burn a portion of her MOTHER tokens whenever a celebrity coin is identified as a scam. This initiative promotes trust and integrity within the crypto community, setting MOTHER IGGY apart from other controversial celebrity tokens.
It is hard to say. The coin has been around for a couple of weeks, and its price has notably increased over recent hours. It’s now down from its all-time high, reached less than one week ago.
As always with crypto, you should do your own research before deciding whether or not to invest in Mother Iggy.
No one can tell right now. While the Mother Iggy crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Mother Iggy, you will have to do your own research on MOTHER and other related coins and tokens, such as Dogecoin (DOGE) and Floki (FLOKI). Either way, you must also ensure you never invest more money than you can afford to lose.
Price predictions based on technical analysis expect it to reach that level in the next decade.
Iggy Azalea’s MOTHER token holders can use the cryptocurrency to purchase phones and monthly cell plans from the singer’s telecommunications company.
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.