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 High Cat: Mog Coin Flips Popcat
Mog Coin’s power has catapulted it previous Popcat, and it now stands as crypto’s Most worthy cat-themed asset.
With a market cap of $1.54 billion, it’s not solely essentially the most precious cat coin but additionally the eighth-most precious meme coin, overtaking Peanut the Squirrel on its latest rally.
Mog Coin has loved an 18% value improve in the present day 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 optimistic affect.
For example, Coinbase additionally listed Moo Deng this week nevertheless 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 maintain working?
Merchants Look to New Heights
The crypto bull rally is properly underway, and merchants anticipate that Mog Coin will proceed gaining.
Guru.Asymmetry lately pointed to 2 key ranges at which leverage merchants could take into account 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 below are some take revenue ranges in the event you’re searching for them
Naturally given the low unit bias, change listings and familiarity of this meme I feel 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 might rise to a $3.2 billion market cap within the coming weeks, which marks a 113% acquire from its present market cap. This is able to 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 could not be unreasonable to recommend a $1.7 billion market cap acquire this month, particularly as Dogecoin finds a ceiling and merchants search for various investments.
Nevertheless, whereas Mog Coin’s future seems to be brilliant, many merchants are rotating to different comparable initiatives that would present larger 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 likely to be the subsequent Mog Coin.
The undertaking launched on November 23 and has obtained 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 value $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 change by buying and selling quantity. This opens $SLAP to a brand new pool of buyers.
The undertaking additionally turned heads when Chicago-based cash home Leap 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 well-liked 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 celeb with a cat and earn free tokens. This isn’t solely enjoyable but additionally a solution to encourage engagement and long-term holding.
Skilled dealer Jacob Bury says Catslap might expoode.
He pointed to the huge ecosystem, which supplies a large benefit over different cat tokens like Mog Coin.
Nevertheless, with the worth quickly rising, these in search of to seize $SLAP might need to behave quick.
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