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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 might the rising cat-themed meme coin Catslap be a greater one to observe?
The Prime Cat: Mog Coin Flips Popcat
Mog Coin’s energy has catapulted it previous Popcat, and it now stands as crypto’s most useful cat-themed asset.
With a market cap of $1.54 billion, it’s not solely probably the most invaluable cat coin but additionally the eighth-most invaluable meme coin, overtaking Peanut the Squirrel on its latest rally.
Mog Coin has loved an 18% value enhance at this time and a 53% uptick this week.
That is occurring following Coinbase itemizing MOG earlier this week. Nonetheless, not all latest Coinbase listings have had such a constructive impression.
As an illustration, Coinbase additionally listed Moo Deng this week however it’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 preserve operating?
Merchants Look to New Heights
The crypto bull rally is nicely underway, and merchants anticipate that Mog Coin will proceed gaining.
Guru.Asymmetry lately pointed to 2 key ranges at which leverage merchants might take into account taking earnings: $0.0000045 and $0.000007.
Primarily based on Mog Coin’s present value of $0.0000039, that would give as much as a 79% achieve.
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 in case you’re on the lookout for them
Naturally given the low unit bias, alternate listings and familiarity of this meme I believe it goes WAY… pic.twitter.com/Bjvh0aDg84
— Guru.Asymmetry (@Asymmetry_Fi) December 6, 2024
Others are wanting additional forward. Analyst Greeny says that Mog Coin is “about to go loopy,” speculating that it might rise to a $3.2 billion market cap within the coming weeks, which marks a 113% achieve 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 facet 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 achieve this month, particularly as Dogecoin finds a ceiling and merchants search for various investments.
Nonetheless, whereas Mog Coin’s future seems to be shiny, 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 could be the subsequent Mog Coin.
The undertaking launched on November 23 and has received 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 can 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 alternate by buying and selling quantity. This opens $SLAP to a brand new pool of traders.
The undertaking additionally turned heads when Chicago-based cash home Bounce Buying and selling invested $500K in it final week.
Each of those elements spotlight that Catslap has enchantment amongst business heavyweights.
Nevertheless it’s additionally standard amongst retail merchants. The undertaking has amassed over 14,000 holders and 14K followers on social media.
It’s drawing consideration with a Slap-to-Earn recreation, the place customers can slap a star with a cat and earn free tokens. This isn’t solely enjoyable but additionally a solution to encourage engagement and long-term holding.
Knowledgeable dealer Jacob Bury says Catslap might expoode.
He pointed to the huge ecosystem, which offers an enormous benefit over different cat tokens like Mog Coin.
Nonetheless, with the value quickly rising, these looking for to seize $SLAP may need to behave quick.
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