Mog Coin has been on a tear this week. After being listed on Coinbase, its price surged to a new all-time high (ATH), peaking at $0.054022 on Thursday.
Should traders grab MOG on the breakout, or could the emerging cat-themed meme coin Catslap be a better one to watch?
The Top Cat: Mog Coin Flips Popcat
Mog Coin’s strength has catapulted it past Popcat, and it now stands as crypto’s most valuable cat-themed asset.
With a market cap of $1.54 billion, it’s not only the most valuable cat coin but also the eighth-most valuable meme coin, overtaking Peanut the Squirrel on its recent rally.
Mog Coin has enjoyed an 18% price increase today and a 53% uptick this week.
This is happening following Coinbase listing MOG earlier this week. However, not all recent Coinbase listings have had such a positive impact.
For instance, Coinbase also listed Moo Deng this week but it’s up just 27% in the past seven days and has decreased since its initial Coinbase listing rally.
This is bullish for Mog Coin, underlining that it has strong investor appeal, as opposed to Moo Deng, which has been largely underwhelming.
But will MOG keep running?
Traders Look to New Heights
The crypto bull rally is well underway, and traders anticipate that Mog Coin will continue gaining.
Guru.Asymmetry recently pointed to two key levels at which leverage traders may consider taking profits: $0.0000045 and $0.000007.
Based on Mog Coin’s current price of $0.0000039, that could give up to a 79% gain.
Finally having a proper move that sustains itself post-coinbase listing
For the moggers out there on leverage, here are some take profit levels if you’re looking for them
Naturally given the low unit bias, exchange listings and familiarity of this meme I think it goes WAY… pic.twitter.com/Bjvh0aDg84
— Guru.Asymmetry (@Asymmetry_Fi) December 6, 2024
Others are looking further ahead. Analyst Greeny says that Mog Coin is “about to go crazy,” speculating that it could rise to a $3.2 billion market cap in the coming weeks, which marks a 113% gain from its current market cap. This would take its price to $0.0000083.
$MOG about to go crazy fam pic.twitter.com/fxwm51ISl5
— Greeny (@greenytrades) December 6, 2024
Mog Coin has momentum on its side right now and is trading at a 71% month-on-month premium. But for perspective, Dogecoin rose 170% in November and added $40 billion to its market cap.
Given that all eyes are on MOG, it would not be unreasonable to suggest a $1.7 billion market cap gain this month, especially as Dogecoin finds a ceiling and traders look for alternative investments.
However, while Mog Coin’s future looks bright, many traders are rotating to other similar projects that could provide bigger returns.
Catslap is a favorite, being another viral cat-themed meme coin.
Catslap Surges 12% After MEXC Listing – is Coinbase Next?
Catslap has rallied 12% in the past 24 hours and 250% since late November as traders position themselves in what might be the next Mog Coin.
The project launched on November 23 and has got off to a blistering start, releasing numerous market-moving announcements that have sent its price and market cap surging. Right now, it’s worth $52 million.
We’re thrilled to announce that the @catslaptoken Kickstarter has concluded and $SLAP will be listed on #MEXC!
Deposit: Opened
SLAP/USDT Trading in the Innovation Zone: 2024-12-06 13:00 (UTC)Details: https://t.co/HZBdRPKM7P pic.twitter.com/7c0GEBRwtO
— MEXC (@MEXC_Official) December 6, 2024
Catslap was just listed on MEXC, a top 10 crypto exchange by trading volume. This opens $SLAP to a new pool of investors.
The project also turned heads when Chicago-based money house Jump Trading invested $500K in it last week.
Both of these factors highlight that Catslap has appeal among industry heavyweights.
But it’s also popular among retail traders. The project has amassed over 14,000 holders and 14K followers on social media.
It’s drawing attention with a Slap-to-Earn game, where users can slap a celebrity with a cat and earn free tokens. This is not only fun but also a way to encourage engagement and long-term holding.
Expert trader Jacob Bury says Catslap could expoode.
He pointed to the vast ecosystem, which provides a massive advantage over other cat tokens like Mog Coin.
However, with the price rapidly rising, those seeking to grab $SLAP might have to act fast.
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