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Mog Coin grabs memecoin spotlight with 2x surge. PlayDoge emerges as a potential top memecoin, doubling as a unique P2E game with utility and staking.
Mog Coin has hijacked crypto’s memetic limelight this week, with its price surging over 2x while, putting it as one of the top memecoin gainers.
But with momentum on its side, can this token continue its growth and prevail as one of the top performers in 2024? Let’s take a look.
Mog Coin rally might just be getting started
MOG is among the leading crypto’s top gainers this week, with a staggering 108% rise. That’s over double the next best-performing crypto, Dogwifhat, which is up 50%.
Evidently, Mog Coin is on a huge tear. This is also reflected on social media, with the industry’s leading players paying attention. Renowned memecoin trader Ansem was early to the project, suggesting it is one of the only memecoins on Ethereum where the team “isn’t lame.”
mog might be the only team on eth that isn't lame
— Ansem 🐂🀄️ (@blknoiz06) January 21, 2024
He published the tweet in January when MOG’s price was approximately 50x lower than today’s. Since then, Mog Coin has become the seventh most valuable cryptocurrency, recently overtaking Book of Meme.
But despite its monumental climb, analysts believe there is much more in the tank for Mog Coin. For instance, Rempt compared Mog Coin to the meme ]coin top dogs Dogecoin and Shiba Inu. The analyst explained that traders who feel they are late to MOG should “zoom out.”
He depicted a chart showing Mog Coin’s valuation, which is significantly less than that of DOGE and SHIB, and these projects are multiple Xs lower than their all-time highs (ATHs).
To all those who feel it’s too late to load up on $MOG:ZOOM OUTThis has to be your 100x with sizeEffortless cosmic domination 🫵😹 pic.twitter.com/Mxd40l7C5M
— Remp ♔ (@remp0x) June 30, 2024
Meanwhile, analyst Zer0 suggests that Mog Coin is the “most flourishing cat coin on the market” and “looks fantastic on all metrics.”
$MOG in price discovery 😹🫵Looks fantastic on all metrics Similar structure like $PEPEThink it's the most flourishing cat on the market pic.twitter.com/HfVtgc0opo
— Zer0 🕊️ (@degengambleh) May 28, 2024
Indeed, these opinions set a bullish precedent for Mog Coin, with the market leaning toward it outpacing other memecoins.
But how far can it go in 2024? While anything can happen in the memecoin domain, a move higher in the rankings seems likely for MOG.
Reaching the top 5 memecoins would not be out of the question. And even in today’s climate, that would equate to a $1.6 billion market cap – over a 2x price increase from its current valuation.
The future looks bright for Mog Coin, but it’s not the only memecoin causing a stir. A new hybrid project, PlayDoge, is seeing massive presale success as its total raise steams past $5 million. Can this be the next memecoin to explode?
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Here’s why PlayDoge might 10x after its presale
There’s every chance that PlayDoge could be the next big memecoin. But it’s not just a memecoin. It’s a Play-to-Earn (P2E) game with unique utility and staking.
The project has a doge mascot, which makes it popular among memecoin enthusiasts. Meanwhile, its Tamagotchi-inspired P2E game is drawing a wide range of market participants.
Tamagotchi sold over 82 million units in the 1990s, but now PlayDoge is focused on bigger and better things. It’s upping the ante with crypto rewards, which allow users to generate income while reliving nostalgic childhood gaming experiences.
Like the original game, users will care for an 8-bit virtual pet. The kicker is that they accrue XP for engaging with their pet and completing mini-games, and this provides them with PLAY rewards.
PLAY is the game’s utility token, which users must hold to receive rewards, and it can be used for staking and to make in-game purchases. As such, there are multiple demand streams that help create value for holders.
It’s an ingenious concept that blends enjoyment and financial creativity.
Analysts have picked up on this, and Jacob Bury predicts PLAY could 10x. The presale price is set to increase as the ICO progresses, emphasizing the need for timely engagement by prospective buyers.
For more information, visit the PlayDoge presale website.
Read more: PlayDoge ICO reaches $5m, poised to be the next Dogecoin
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