Mog coin (MOG) Records Massive Activity Defying Markets

30 Jun, 2024 Updated 27 Aug, 2024

By David Pokima

Crypto Journalist

Expertise : Finance/Crypto Journalist

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Here's Why POPCAT, WIF, PEPE Are Making Strong Comeback?

Crypto assets continue sideways today with meme coins like Mog coin, dogwifhat, and Popcat posting double-digit gains. This comes after sustained market fluctuations in the past two weeks prompting a negative sentiment. Bitcoin hovering around $61,000 has led to outflows in various markets with the market capitalization plunging to $2.2 trillion.

Specifically, meme coins are moving in a similar direction although some assets picked up the pace while defying trends. With these tokens soaring, bulls show slight optimism in the wider markets. Mog coin, dogwifhat, and Popcat lead top meme coin market gains today.

Mog coin Leads The Pack

Among top assets, Mog coin has soared to double-digit inflows with consistent longer-term numbers. In the last 24 hours, the asset is up 15% with increased volumes as users ramp up purchases. The asset’s uphill momentum is also seen in weekly numbers as inflows almost double. Mog coin is up 80% in the last seven days while 14 days inflows tapped 116%.

The high figures have attracted bullish predictions on Mog coin price coupled with an anticipated flip in market sentiments should macro factors become positive. Dogwifhat price soared to $2.12 after an 11% daily increase. This year, WIF has seen massive traction from the meme coin frenzy in Q1 2024.

In the last seven days, dogwifhat moved up 19% taking its market cap to $2.1 billion. Daily volumes are also up to $452 million outpacing most assets in the last 24 hours.

Popcat’s Doubles Its Market Cap

While gainers notched double-digit inflows, Popcat hit triple digits as weekly figures hit 115%. Today, the asset spiked 8.7% adding to consistent long-term inflows. Popcat’s market cap is up $607 million while daily trading volumes are above $61.1 million. In the wider market, Bitcoin posted slight 0.4% losses today while Ethereum’s price stands at $3,381. Crypto assets like Solana, Dogecoin, and Cardano also saw exits in the last 24 hours.

Also Read: Bulls Circle TRON (TRX): How High Can The Asset Climb

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.