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Mog Coin Sets New All-Time High, Briefly Places in Top 100
Meme Coin Ethereum Mog Coin (MOG) is up 4% today, hitting a new all-time high of $0.00000245. The token was also briefly among the top 100 coins on CoinGeckobut has since dropped out.
MOG was created almost exactly one year ago, on July 19, 2023, and shares its name with a popular term on the English-language forum site 4chan.
TO ‘Brat“someone is to show their dominance over another person. This can take many forms, such as heightmogging (being taller than someone), fashionmogging (being more stylish than the moggee), or brutal mogging (dominating someone in multiple categories).
So, in many ways, the crypto token has been “mogging” its meme coin rivals since its inception. Over the past three months, MOG has skyrocketed 301% and has now reached a market cap of $820 million according to CoinGecko.
This puts MOG ahead of tokens like layer-1 blockchains Tezos (XTZ), gaming network Ronin (RON), and metaverse game The sandbox (SAND). This also makes Mog Coin the ninth largest meme coin by market cap, according to CoinGecko.
As of this writing, MOG is $5 million behind Ethereal– inspired network NewIf it can bridge this gap, it has a chance to re-enter the top 100 cryptocurrency tokens.
When Mog Coin reached its all-time high market cap of $880 million, it had surpassed NEO which was at $850 million. But it has since lost its lead and both tokens have dropped. Currently, New has a market capitalization of $825 million.
Mog Coin evolved from the 4chan meme to be associated with a character, Joycat. Joycat has since become the token’s symbol. A laughing cat wearing viper glasses, pointing at the screen, quickly became synonymous with the coin. Now, investors mimic Joychat via a combination of emojis or choose to don pit viper in real life.
“This was the kind of mutation needed to propagate the meme into hypercommunication and now here we are,” said a pseudonymous MOG investor. Chirping. “It was really a pleasure to watch it all unfold in real time. How a meme can simply go from a verb describing the dominance the brain is looking for within an image/context, to something that is immediately recognizable.”
By Stacy Elliott.