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The Mog Coin worth jumped 52% within the final 24 hours to commerce at $0.0000008992 as of 4:45 a.m. EST on buying and selling quantity that dropped 18% to $23.4 million.
The MOG weekly chart reveals an enormous 132% surge because it joined the Bitcoin-led rally that introduced the world’s largest cryptocurrency to a brand new all-time excessive on March 5. The surge positioned MOG as the highest meme coin gainer because it surged to its personal all-time excessive simply hours in the past when it hit $0.000001001.
Previous to that, the venture additionally reached 10,000 lively on-chain customers, as reported by Tubby Cats.
completely happy tubby tuesday primarily based moggers!!
to commemorate 10,000 cousins mogging onchain, tubby cats have introduced the mog tubby to life and airdropped a 3D mogging tubby to the primary 10,000 $MOG holders on the @base community!!
keep successful moggers
HIGHER 🫵😹 pic.twitter.com/fiKazt2cte
— tubby cats (@tubbycatsnft) March 5, 2024
Mog Coin Worth Prognosis
Mog Coin noticed an enormous worth improve, even managing to achieve a brand new ATH. Nonetheless, many among the many merchants are questioning the place will the token’s worth go subsequent. In response to technical indicators, MOG nonetheless has some room left to develop, as a number of indicators counsel.
For instance, the token’s Bollinger bands have seen an enormous widening, at the moment at their widest level in months. That is sometimes a really bullish sign, particularly with the worth on the higher band.
Nonetheless, observe additionally that wider bands additionally point out larger volatility, so whereas that is good for making income from shopping for low and promoting excessive, it additionally comes with sure threat.
Nonetheless, relating to the token’s Relative Energy Index (RSI) stage, the chart above reveals that it has reached an overbought zone, and never for the primary time previously 10 days.
However, even this excessive, RSI worth nonetheless has some room to develop, particularly now, when most merchants are shopping for on account of a market-wide rally, reasonably than as a result of technical indicators counsel so.
Nonetheless, those that do take note of indicators and indicators could determine to take revenue, reasonably than watch for the worth to start out dropping. In fact, if sufficient of them begin cashing out, it will, certainly, push the worth additional down.
However, with the broader crypto market nonetheless being bullish, it will doubtless solely trigger a small correction, inflicting merchants to maneuver in to purchase the dip, solely to push the worth again up.
Doubtlessly, MOG might break even the brand new ATH and attain an entire new document in days, or doubtlessly even hours to come back. Right now, quite a few indicators resembling oscillators and shifting averages counsel that it’s a time to purchase, which is why MOG worth is prone to problem the resistance at $0.0000010 as soon as once more within the close to future.
Promising Various to Mog Coin
Whereas Mog Coin’s neighborhood continues to push the token and pump its worth, MOG shouldn’t be the one meme coin that’s thought-about scorching proper now. An alternative choice for alternative seekers is Sponge V2 (SPONGE).
Because the identify suggests, that is the brand new model of Sponge (SPONGE), which launched in 2023. On the time, the venture noticed an enormous 100x pump, which cemented its place in crypto historical past.
Nonetheless, its builders realized that they’ll make the venture even higher and assist it develop bigger, which is why they discontinued the unique Sponge, solely to launch the brand new model.
That is what occurs whenever you miss out on #SpongeV2 🤷♂️🧽$SPONGE #PEPE #DOGE #SHIBA #100x #Bullish #Crypto #MemeCoin pic.twitter.com/EJwBFTM5FJ
— $SPONGE (@spongeoneth) February 22, 2024
All SPONGE V1 tokens had been bridged to the brand new model, and neighborhood members who missed out on the unique pump now have a possibility to buy Sponge V2 tokens.
The tokens can be found in change for ETH and USDT, and after you have them in your possession, you can too stake them with a purpose to earn much more rewards of 597% yearly.
That’s a key cause why crypto analyst Jacob Bury says the token has the potential to blow up on launch.
To this point, greater than $17 million has been staked and bridged. In case you are fascinated about investing in Sponge V2, act shortly as a result of there are rumors it might quickly record on main exchanges.
Go to SPONGE here.
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