Mog Coin has been on a tear this week. After being listed on Coinbase, its value surged to a brand new all-time excessive (ATH), peaking at $0.054022 on Thursday.
Ought to merchants seize MOG on the breakout, or may the rising cat-themed meme coin Catslap be a greater one to observe?
The High Cat: Mog Coin Flips Popcat
Mog Coin’s energy has catapulted it previous Popcat, and it now stands as crypto’s most dear cat-themed asset.
With a market cap of $1.54 billion, it’s not solely probably the most priceless cat coin but additionally the eighth-most priceless meme coin, overtaking Peanut the Squirrel on its latest rally.
Mog Coin has loved an 18% value enhance right now and a 53% uptick this week.
That is occurring following Coinbase itemizing MOG earlier this week. Nevertheless, not all latest Coinbase listings have had such a constructive affect.
As an example, Coinbase additionally listed Moo Deng this week but it surely’s up simply 27% up to now seven days and has decreased since its preliminary Coinbase itemizing rally.
That is bullish for Mog Coin, underlining that it has sturdy investor enchantment, versus Moo Deng, which has been largely underwhelming.
However will MOG maintain working?
Merchants Look to New Heights
The crypto bull rally is nicely underway, and merchants anticipate that Mog Coin will proceed gaining.
Guru.Asymmetry just lately pointed to 2 key ranges at which leverage merchants might contemplate taking income: $0.0000045 and $0.000007.
Primarily based on Mog Coin’s present value of $0.0000039, that would give as much as a 79% acquire.
Lastly having a correct transfer that sustains itself post-coinbase itemizing
For the moggers on the market on leverage, listed here are some take revenue ranges should you’re in search of them
Naturally given the low unit bias, change listings and familiarity of this meme I believe it goes WAY… pic.twitter.com/Bjvh0aDg84
— Guru.Asymmetry (@Asymmetry_Fi) December 6, 2024
Others are trying additional forward. Analyst Greeny says that Mog Coin is “about to go loopy,” speculating that it may rise to a $3.2 billion market cap within the coming weeks, which marks a 113% acquire from its present market cap. This may take its value to $0.0000083.
$MOG about to go loopy fam pic.twitter.com/fxwm51ISl5
— Greeny (@greenytrades) December 6, 2024
Mog Coin has momentum on its aspect proper now and is buying and selling at a 71% month-on-month premium. However for perspective, Dogecoin rose 170% in November and added $40 billion to its market cap.
Given that every one eyes are on MOG, it might not be unreasonable to recommend a $1.7 billion market cap acquire this month, particularly as Dogecoin finds a ceiling and merchants search for different investments.
Nevertheless, whereas Mog Coin’s future seems to be vibrant, many merchants are rotating to different related initiatives that would present greater returns.
Catslap is a favourite, being one other viral cat-themed meme coin.
Catslap Surges 12% After MEXC Itemizing – is Coinbase Subsequent?
Catslap has rallied 12% up to now 24 hours and 250% since late November as merchants place themselves in what is perhaps the following Mog Coin.
The mission launched on November 23 and has bought off to a blistering begin, releasing quite a few market-moving bulletins which have despatched its value and market cap surging. Proper now, it’s price $52 million.
We’re thrilled to announce that the @catslaptoken Kickstarter has concluded and $SLAP will likely be listed on #MEXC!
Deposit: Opened
SLAP/USDT Buying and selling within the Innovation Zone: 2024-12-06 13:00 (UTC)Particulars: https://t.co/HZBdRPKM7P pic.twitter.com/7c0GEBRwtO
— MEXC (@MEXC_Official) December 6, 2024
Catslap was simply listed on MEXC, a prime 10 crypto change by buying and selling quantity. This opens $SLAP to a brand new pool of buyers.
The mission additionally turned heads when Chicago-based cash home Soar Buying and selling invested $500K in it final week.
Each of those elements spotlight that Catslap has enchantment amongst trade heavyweights.
However it’s additionally standard amongst retail merchants. The mission has amassed over 14,000 holders and 14K followers on social media.
It’s drawing consideration with a Slap-to-Earn sport, the place customers can slap a star with a cat and earn free tokens. This isn’t solely enjoyable but additionally a option to encourage engagement and long-term holding.
Skilled dealer Jacob Bury says Catslap may expoode.
He pointed to the huge ecosystem, which gives a large benefit over different cat tokens like Mog Coin.
Nevertheless, with the value quickly rising, these looking for to seize $SLAP may need to behave quick.
Disclaimer: The above article is sponsored content material; it’s written by a 3rd occasion. CryptoPotato doesn’t endorse or assume accountability for the content material, promoting, merchandise, high quality, accuracy, or different supplies on this web page. Nothing in it ought to be construed as monetary recommendation. Readers are strongly suggested to confirm the data independently and punctiliously earlier than participating with any firm or mission talked about and do their very own analysis. Investing in cryptocurrencies carries a danger of capital loss, and readers are additionally suggested to seek the advice of an expert earlier than making any selections which will or might not be based mostly on the above-sponsored content material.
Readers are additionally suggested to learn CryptoPotato’s full disclaimer.
Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome provide on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!