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Ethereum Meme Pepe and Mog Coin Tokens Crash as WienerAI Raises $7M in ICO
The meme coin rollercoaster is back in action.
Pepe (PEPE) and Mog Coin (MOG) are seeing a sharp drop today, which is a wake-up call for retail investors.
But not all meme coins collapse.
WienerAI (WAI) continues to impress in its ICO phase, having just surpassed the $7 million funding milestone.
PEPE token suffers sharp decline: will it maintain support?
Today PEPE is taking a hard hit.
The popular frog-themed token is down 9% in the last 24 hours and down 22% since last Wednesday.
PEPE is now under negotiation only $0.0000104 – the lowest point since June 24.
Now the token is dangerously approaching the $0.000010 milestone.
This is a key psychological level for traders, as PEPE has rejected it three times in the past few weeks.
The last close below this level was in mid-May, so all eyes are on whether it will hold or collapse.
But here’s where things get interesting: despite the token’s price drop, spot volumes have increased by 59% in the last day.
Add to that a increase in open interest figureand you get a recipe for serious market indecision.
It looks like PEPE’s run isn’t over yet.
However, it remains to be seen whether the token will be able to recover from here or continue to decline.
Mog Coin Slides After Huge Price Volatility
Mog Coin is also having a tough day at the office, hanging in the balance about $0.00000137.
This is a 21% drop in the last 24 hours.
The feline-themed token has been volatile lately, falling 35% from Saturday’s local high and giving up much of last week’s gains.
MOG is approaching a potential support level around $0.00000130; whether it will hold is a mystery.
Despite the MOG price crash, spot volumes remain stable at $35 million, suggesting significant interest in the token.
But MOG’s market cap took a hit.
It has fallen below the $500 million mark, which means Popcat (POPCAT) he flipped the token in the ranking.
With profit taking in full swing, we could see MOG slide even further.
Unfortunately for MOG holders, the price drop does not appear to be related to any specific news or developments.
On the contrary, it is a symptom of the broader “risk-off” sentiment that currently characterizes the cryptocurrency market.
Therefore, MOG is likely to continue to face difficulties until sentiment changes once again.
WienerAI shines with advanced AI technology and growing community support
While some meme coins are plummeting, WienerAI it is not.
This AI-powered token continues to perform well, having just surpassed the $7 million milestone in its ongoing ICO.
What sets WienerAI apart from its competitors?
It is serious technology that it brings to the table with its AI-powered cryptocurrency trading bot.
This bot boasts sophisticated algorithms that use predictive technology to spot potential winners in the market.
Not only that, but the bot can execute buy/sell orders, all without commissions.
And the numbers speak for themselves.
Since the WienerAI trading bot was announced, over 14,500 people have followed the project Twitter Page.
Another 12,000 are active on Telegram.
But this early community support is not just about technology, as WienerAI has other tricks up its sleeve.
For example, there is a staking app for WAI that allows token holders to earn yield.
At the time of writing, annual profitability is estimated at 163%.
So, WienerAI users can basically use the bot to trade cryptocurrencies and earn passive income at the same time.
With the project’s smart contracts already Verified by SolidProofThe WienerAI team prioritizes security.
This is a refreshing approach in an industry plagued by scams and theft.
This focus on security, combined with the allure of bot trading, could help WienerAI avoid the fate of PEPE and MOG.
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