MOG Coin, a meme token launched on Ethereum’s layer-1 blockchain, gained significant attention after Coinbase announced on Dec. 3, 2024, that it would be added to their listing roadmap.
MOG Coin, a meme token launched on Ethereum’s layer-1 blockchain, gained significant attention after Coinbase announced on Dec. 3, 2024, that it would be added to their listing roadmap. Following this news, the token’s value surged by over 20%, bringing its market cap close to $1 billion. At the time of the announcement, the coin was priced at $0.00000243, just under this milestone. MOG is now ranked among the top 150 cryptocurrencies by market capitalization.
The coin's growth has been remarkable in 2024. Initially valued at $50 million in February, MOG's market cap skyrocketed to over $475 million by mid-March, and it is now approaching its all-time high of $0.000002804. Its success has been driven by a meme-inspired community, which continues to promote the token’s cultural relevance. Despite its beginnings as a meme, MOG has evolved into a more serious crypto asset, largely due to its backing from an engaged and growing community.
Coinbase’s move to add MOG to its listing roadmap follows similar actions for other meme tokens like Moo Deng (MOODENG), which saw a dramatic 80% surge when it was listed. MOG is not just available on Ethereum; it is also listed on Coinbase’s layer-2 platform, Base, which helps to lower fees and increase transaction speeds. MOG’s inclusion on Base adds to the token’s momentum as the meme coin market continues expanding.
MOG is popular for its fun, lighthearted branding, with the term "AMOG" (alpha male of the group) and the symbol of the "joycat," which resonates with the meme coin culture. This branding has been key in attracting traders and investors who enjoy the fun side of cryptocurrency. In addition, the coin's rise reflects the broader trend of meme coins, which have continued to grow in popularity over the last few years.
The growing availability of MOG across various platforms has also contributed to its success. MOG is now listed on several major exchanges, including Kraken, Bybit, and Bitstamp. Its presence on Base offers low-fee trading, increasing liquidity and making it more accessible for investors.
MOG's price surge is similar to the increases seen with other meme tokens such as PEPE and WIF, which also gained value after being added to Coinbase’s roadmap. The exchange’s strategy of including meme coins in its offerings reflects the demand for such tokens. With the meme coin market now valued at over $125 billion, the inclusion of MOG is expected to increase its visibility and liquidity, positioning the token for continued growth in the future.
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