Meme coins are reacting positively to the broader market recovery as Bitcoin hovers around $60K. This resurgence is especially notable for meme coins like Mog Coin (MOG) and Dogecoin (DOGE). Both coins have had price increases, with MOG leading the way with a 20% pump.
MOG’s Price Performance
Mog Coin (MOG) has recently entered a phase of price discovery, and enthusiasts are optimistic about its future. Zer0 expressed excitement, noting, “$MOG about to enter top 100… Hot knife through butter. Imagine fading.”
$MOG about to enter top 100$MOG about to enter price discovery You know what happens next? Expansion. Hot knife through butter. Imagine fading
— Zer0 (@degengambleh) July 14, 2024
This bullish sentiment is echoed by Cryptorphic who stated, “$MOG looks promising. I scooped some up; a break and close above the 165 zone could trigger a 15%+ move. Good enough for a scalp. Stop-loss is essential—you never know what could happen in this market.”
Per the data from CoinGecko at press time, MOG’s price is $0.05182 with a daily trading volume of $43,809,668. This reflects a 15.61% uptick in the last day and a 26.93% rise over the past seven days. The upward momentum of MOG signifies strong investor confidence and market interest.
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Read also: Here’s Why the Crypto Market is Up Today as Bitcoin Price Crosses $60k
Dogecoin (DOGE) Price Analysis
Dogecoin (DOGE), often referred to as the “King” of meme coins, is also performing well. Astro (@Astro1062) advised,
“Don’t be ignorant about #Dogecoin. Keep watching the top and conversion happening between the 7 Lunations, September, and Mars. It’s programmed and inevitable.”
Furthermore, WHALES_CRYPTOx highlighted the bullish pattern DOGE is forming, aiming for a price of $1.17.
$DOGE forming a similar pattern before it goes parabolic. Shared it several times. Still holding aiming for $1.17Crypto Traders-join Telegram https://t.co/caOlZBzS3k . pic.twitter.com/TV5T9OSX1B
— Whales_Crypto_Trading (@WHALES_CRYPTOx) July 14, 2024
CoinGecko reports DOGE’s price at $0.1124 with a daily trading volume of $646,037,387 at press time. This marks a 2.71% increase in the past day and a 1.97% rise over the last week. Despite its already large market cap, DOGE continues to show potential for further gains.
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