Today, the global cryptocurrency market has shifted to a positive trend, with memecoins making significant strides. Among these, Mog Coin (MOG), an Ethereum-based memecoin, has seen a substantial increase in value, outpacing its competitor, BOOK OF MEME (BOME), in market cap and hitting an all-time high of $0.000002095.
Over the past week, MOG’s market capitalization surged by over 100%, marking waves in its performance. This comes after a bearish start, where the coin dropped by 11.07% on June 23.
However, it rebounded with a remarkable 45.32% increase on June 24 and 25, driven by heightened social media activity. Following this, on June 29, the rally was confirmed by Whale Insider, solidifying Mog Coin’s position as the largest cat-themed memecoin by market cap.
Mog Coin 24-H Stats
In the past 24 hours, the Mog Coin price has surged by 18%, reaching a market cap of $716 million. Currently, the memecoin is trading at $0.000001722, placing it at rank 97.
Further, weekly data shows an 80% increase, and inflows have surged by 120% over the past 14 days. This upward trend has led to bullish predictions for Mog Coin, with some speculating it could surpass other prominent memecoins like BONK. Despite this, daily trading volume has decreased by 11.75% to $44 million, suggesting potential consolidation even as investor confidence remains high.
However, crypto experts predict that this cryptocurrency might be entering overbought territory due to its rapid price rally.
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