As a seasoned cryptocurrency analyst with over a decade of experience in the industry, I’ve witnessed countless trends come and go. But the recent surge of meme coins, specifically cat-themed ones like Mog Coin (MOG) and Popcat (POPCAT), has left me both intrigued and skeptical.
With meme coins continuing to lead the charge in the crypto market, Mog Coin (MOG) has recently entered the ranks of the top 100 digital assets. This cat-themed meme currency is based on Ethereum (ETH) and Binance Smart Chain (BASE), managing to surpass many other cryptocurrencies in market capitalization. However, it faces a challenge in surpassing Neo (NEO), an established player in the crypto world that has been around for over ten years.
New SHIB competitor MOG jumps into top 100, close to surpassing NEO, XTZ, STRK
On July 15, 2024, Mog Coin (MOG), a meme coin with a feline theme on the EVM platform, experienced a significant price increase of approximately 15.6%. Consequently, its market capitalization surpassed $755 million, earning MOG the position as the 100th largest cryptocurrency by market cap.
Approximately three hours ago, around 9:00 a.m. (UTC), Mog Coin (MOG) attained its peak price of $0.000002184 per coin, setting a new record high. Over the past 30 days, the value of MOG has surged by an impressive 147.8%.
After achieving these earnings, MOG coin is now contending against established cryptocurrencies Neo (NEO) and Tezos (XTZ), in addition to Starknet (STRK), a novel Layer 2 solution equivalent to Ethereum Virtual Machine (EVM).
Mog Coin, represented by MOG, is introduced by its creators as the pioneering digital currency rooted in Internet culture, possessing no inherent worth. It debuted on both the Ethereum (ETH) and Base (BASE) blockchain platforms.
Popcat (POPCAT), a meme coin with a significant focus on cats, experienced a notable increase of 24%. This surge in value has elevated Popcat to rank as the 109th largest cryptocurrency. It has already surpassed Coinflux (CFX), often referred to as “Chinese Polygon,” and is poised to potentially displace Gnosis (GNO) from its position, which is known for its popularity during the ICO era.
Meme coins yet again leading recovery
I’ve analyzed the cryptocurrency market, and my findings reveal that the cat-themed meme coin sector is currently experiencing the most significant growth. Overnight, this segment saw a surge of 26%, making it an intriguing area to explore. Additionally, Solana-based meme cryptos have also shown gains, with a rise of approximately 11%.
In simpler terms, the value of meme coins is increasing at a faster rate than the overall crypto market. Specifically, the total market capitalization of all digital assets grew by 3.7%, while meme coins experienced a more significant surge of 6.6% in value.
Currently, the major meme cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), Dogwifhat (WIF), and Book of Meme (BOME) have seen modest gains of approximately 3-5%. The significant price surge can primarily be attributed to the smaller cryptocurrencies.
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2024-07-15 15:51