Mog Coin has been on a tear this week. After being listed on Coinbase, its price surged to a new all-time high (ATH), peaking at $0.054022 on Thursday.
Should traders grab MOG on the breakout, or could the emerging cat-themed meme coin Catslap be a better one to watch?
The Top Cat: Mog Coin Flips Popcat
Mog Coin’s strength has catapulted it past Popcat, and it now stands as crypto’s most valuable cat-themed asset.
With a market cap of $1.54 billion, it’s not only the most valuable cat coin but also the eighth-most valuable meme coin, overtaking Peanut the Squirrel on its recent rally.
Mog Coin has enjoyed an 18% price increase today and a 53% uptick this week.
This is happening following Coinbase listing MOG earlier this week. However, not all recent Coinbase listings have had such a positive impact.
For instance, Coinbase also listed Moo Deng this week but it’s up just 27% in the past seven days and has decreased since its initial Coinbase listing rally.
This is bullish for Mog Coin, underlining that it has strong investor appeal, as opposed to Moo Deng, which has been largely underwhelming.
But will MOG keep running?
Traders Look to New Heights
The crypto bull rally is well underway, and traders anticipate that Mog Coin will continue gaining.
Guru.Asymmetry recently pointed to two key levels at which leverage traders may consider taking profits: $0.0000045 and $0.000007.
Based on Mog Coin’s current price of $0.0000039, that could give up to a 79% gain.
Finally having a proper move that sustains itself post-coinbase listing
For the moggers out there on leverage, here are some take profit levels if you’re looking for them
Naturally given the low unit bias, exchange listings and familiarity of this meme I think it goes WAY… pic.twitter.com/Bjvh0aDg84
Go to Source to See Full Article
Author: Felix Mollen
