Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Traders move to new meme coin Catslap as Dogecoin and Mog Coin slide.
Table of Contents
Dogecoin and Mog Coin have underperformed in the market, retracing by 0.5% and 4%, respectively.
However, the new meme coin Catslap shows significant demand as top traders move in.
DOGE and MOG slide while other meme coins rise
Dogecoin and Mog Coin were red while every other top 10 meme coin booked marginal gains.
For Dogecoin, investors aren’t panicking yet. It remains up week-on-week and month-on-month. Judging by its recent momentum, bulls will absorb this decline in no time.
DOGE was trading at $0.4 at the time of writing, down 0.5% in 24 hours, up 2.8% this week, and 132% in the past month. It added $35 billion to its market cap this month. However, its 24-hour trading volume decreased by 24% to $4.25 billion.
Mog Coin has faced a stronger headwind this week. It was trading at $0.000002368 at the time of writing, down 4.2% in 24 hours and 19.6% in the week, but remains up 18% this month.
MOG recorded a $920 million market cap and a $25 million 24-hour trading volume, down 46%.
Meme coin season to continue as DOGE sees golden cross
Despite DOGE and MOG slowing down, expectations remain high that their prices will continue to rally in the coming months.
Analyst KrissPax noted that Dogecoin is forming a golden cross as the 50-day moving aver
Go to Source to See Full Article
Author: Guest Post
