Amid this month’s crypto market boom, various altcoins are surging, with popular meme coins leading the frenzy. The Ethereum-based meme coin $MOG rapidly attracts investors and has shown a 25% increase in the past 30 days.
8 days ago, on November 7th, Mog Coin reached its all-time high, with a price of $0.0000002615 per token. Despite an 8% decline from the ATH, the coin is trending all over social media and the 24-hour trading volume has reached 100 million dollars.
This article will delve into the reasons behind this surge, and provide a detailed analysis of the chart movements. Additionally, we will get into the tokenomics and other details, including a purchase guide.
What’s Behind the Surge of MOG Coin?
MOG Coin’s uptrend cannot be attributed solely to the whole crypto market boom. Another major reason for the surge is Binance’s launch of MOG/USDT Perpetual Contract with up to 75x leverage.
The contract was launched on 7th November 2024, igniting the coin’s travel to its all-time high. We are witnessing a gradual fade from this excitement, however, the short rebounds provide hope for new investors and holders.
Will MOG Hit 1 Billion Cap? Insights From Token Allocation
Various crypto analysts on X (Twitter) believe that this bull cycle will witness the market cap of MOG rising to 1 billion dollars. As we can see in the charts, it is almost into the achievement, and the passionate community is providing all the support.
Although it has a huge supply of 420,690,000,000,000 tokens, the deflationary mechanism will introduce scarcity in the long run. Additionally, a portion of the tokens are burned at regular intervals, further reducing the supply.
Among the circulating supply, a large amount is allocated for the community, and the on-chain allocation details show that no whales are hodling a significant number of tokens, assuring decentralization and protection from sudden pump and dump. All these details show us that the coin will attract potential investors, reaching a 1 billion market cap soon. However, the exact opposite scenario can happen if the crypto market as a whole turns upside down.
MOG Coin Details
MOG is a meme coin and the native token of the Mog ecosystem, a platform built to enhance the meme culture. Launched in July 2023, the primary motto of the coin is to organize and manage a fun-filled community where the users can engage by holding a specific amount of coins. Also, $MOG can be used as a bridge between Bitcoin and Ethereum via Multibit, and it can be deployed on the Taproot-based BRC20 network. Let’s get into more details.
| Token Ticker | $MOG |
| Chain | Ethereum ERC-20 |
| Contract Address | 0xaaeE1A9723aaDB7afA2810263653A34bA2C21C7a |
| Contract Address on Base | 0x2Da56AcB9Ea78330f947bD57C54119Debda7AF71 |
| Total Supply | 420.69 Trillion MOG |
| Market Cap | $920.50 Million |
Where to Purchase the MOG Coins?
MOG is available to purchase in almost all popular centralized and decentralized exchanges, with the most number of transactions happening in Gate.io (MOG/USDT), Bybit (MOG/USDT), and Uniswap V2 (MOG/WETH). Here are other exchanges:
- MOG Centralized Exchanges: Kraken, Bitget, KuCoin, HTX, BingX, Crypto.com Exchange, MEXC, Bitmart, Bitstamp, LBANK, XT.COM, Bitvavo, Hotcoin, and CoinEx.
- MOG Decentralized Exchanges: It is mainly traded in Uniswap with the pairs MOG/WETH, MOG/BOBO, MOG/LOVE, MOG/KEYCAT, and MOG/BRETT. It is also available in Aerodrome Finance with MOG/WETH, MOG/USD+, and MOG/TOBY pairs.
Final Thoughts: Will MOG Coin Surge Again?
As a coin that introduced various novel dynamics to the meme coin culture, MOG Coin is favoured by a large number of global crypto enthusiasts. The community tries hard to make the MOG ecosystem a culture and a way of life, generating huge expectations for the long-term hodlers.
All data indicate that investors are bullish on MOG, however, doing your own research is mandatory while investing in a highly volatile market like crypto. DYOR before delving into any investment decisions.
The post Mog Coin $MOG Pumps 25% In The Past 30 Days, Reaching ATH: Will it Surge Again? appeared first on Kallanish Energy.
This post appeared first on Kallanish Energy News.