Markets
Mog Coin (MOG) Records Markets Challenging Massive Activity
Cryptocurrencies continue to be sideways today with meme coins like Mog coin, dogwifhat and Popcat posting double-digit gains. This comes after sustained market fluctuations over the past two weeks, sparking negative sentiment. Bitcoin hovering around $61,000 has led to outflows across several markets, with the market cap plummeting to $2.2 trillion.
Specifically, meme coins are moving in a similar direction, although some assets have picked up the pace while defying trends. With these tokens soaring, bulls are showing slight optimism in the broader markets. Mog coin, dogwifhat and Popcat lead the top gains in the meme coin market today.
Mog coin leads the pack
Among major assets, Mog coin has soared to double-digit inflows with consistent long-term numbers. In the last 24 hours, the asset is up 15% with increased volumes as users increase purchases. The asset’s upward momentum is also seen in weekly numbers as inflows nearly double. Mog coin is up 80% in the last seven days, while 14-day inflows have reached 116%.
The high numbers have drawn bullish predictions on the Mog coin price along with an anticipated turnaround in market sentiments should macro factors turn positive. Dogwifhat price has surged to $2.12 after a daily surge of 11%. This year, WIF has seen massive traction from the meme coin frenzy in Q1 2024.
In the last seven days, dogwifhat is up 19%, bringing its market value to $2.1 billion. Daily volumes also reach $452 million, surpassing most assets in the last 24 hours.
Popcat’s doubles its market value
While the winners recorded double-digit entries, pop cat has hit triple digits, with weekly numbers hitting 115%. Today, the asset has surged 8.7%, adding to long-term consistent inflows. Popcat’s market cap is up $607 million, while daily trading volumes are above $61.1 million. In the broader market, Bitcoin recorded slight losses of 0.4% today, while the price of Ethereum is at $3,381. Crypto assets such as Solana, Dogecoin, and Cardano have also seen outflows in the last 24 hours.
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David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is keen on learning about emerging technologies and keeps an eye on the latest news. Staying up to date with the trends, David has reported on various niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David enjoys cycling and horse riding.