Memecoins
Meme Coin Harvesting Brings Unexpected Results
Vladislav Sopov
First cat-themed meme coin hits top 100 after 15.6% price surge
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As cryptocurrencies once again outperform crypto market benchmarks, Mog Coin (MOG), a cat-themed meme cryptocurrency on Ethereum (ETH) and Base (BASE), joins the elite club of the 100 largest digital assets. It struggles to surpass the market cap of Neo (NEO), a 10-year-old cryptocurrency.
SHIB’s New Competitor MOG Enters Top 100, Poised to Overtake NEO, XTZ, and STRK
Mog Coin (MOG), a cat-themed meme coin on EVM, saw a 15.6% price increase today, July 15, 2024. Its market cap surpassed $755 million in equivalent, making MOG the 100th largest crypto by market cap.
Image of CoinGecko
Three hours ago, at around 09:00 (UTC), Mog Coin (MOG) reached an all-time high of over $0.000002184 per coin. In total, the price of MOG has increased by 147.8% over the last 30 days.
With these gains, MOG coin is competing with veteran cryptocurrencies Neo (NEO) and Tezos (XTZ), as well as Starknet (STRK), a next-generation L2 EVM equivalent.
Mog Coin (MOG) was touted by developers as the “first internet culture currency” with zero intrinsic value. It was issued on the Ethereum (ETH) and Base (BASE) blockchains.
Popcat (POPCAT), another major cat-themed cryptocurrency, has seen a 24% price increase and has become the 109th largest cryptocurrency. It has already surpassed the “Chinese polygon” Coinflux (CFX) and is set to replace Gnosis (GNO), one of the most popular cryptocurrencies of the ICO era.
Meme coins lead the recovery once again
Thus, the cat-themed meme crypto segment is the fastest growing one today. This group added 26% overnight, while Solana-based meme cryptocurrencies increased by 11%.
The meme coin market is growing twice as fast as the cryptocurrency market. While the net capitalization of digital assets increased by 3.7%, meme coins climbed by 6.6%.
Meanwhile, all the largest meme cryptocurrencies – Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), Dogwifhat (WIF), Book of Meme (BOME) – are up only 3-5%. To a large extent, the rise should be attributed to small caps.
About the Author
Vladislav Sopov
Blockchain analyst and writer with a scientific background. 6+ years in computer analysis, 3+ years in blockchain.
I have worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)