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A “kitten” enters the top 100 cryptocurrencies

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The choose membership of the 100 cryptocurrencies and tokens with the best market capitalization welcomes Mog Coin (MOG).

MOG is a memecoin (whose consultant picture is a smiling cat) developed on the Ethereum community that, on the final day, has had a worth improve near 100%.

The next graph, offered by CoinMarketCap, lets you see the historic worth conduct of this token since July 2023. Its worth is at present $0.0000020 and its market cap is $720 million..

There was no particular information about MOG within the final week that might be thought-about solely liable for the value improve. Nonetheless, as could be seen within the chart above, The token has proven an natural improve in its worth, with an upward pattern – not with out corrections – that started in February 2024.

Within the Dextools explorer you’ll be able to see that There are 390 trillion MOG in circulation. This token has an outlined most circulation (that’s, its issuance is not going to be infinite) of 420 billion MOG. That implies that 85% of its closing provide has already been issued.

On the time of this publication There are greater than 22,000 holders who’ve MOG of their wallets on the Ethereum community.

The official Mog Coin web site describes this coin following the model of memecoins: with Phrases that should be extra humorous than informative or correct.

“It’s greater than only a foreign money. It’s tokenized revenue. MOG is easy cosmic domination and pure success distilled into laptop photons. (…) MOG is a motion, a lifestyle. Since day one, MOG has organically constructed its neighborhood from the bottom up with one objective in thoughts: to be a culture-defining drive within the cryptocurrency ecosystem.”

Mog Coin growth workforce.

Like nearly all cryptocurrencies and tokens, Mog Coin has its personal white paper. In contrast to the white papers for Bitcoin or different “critical” cryptocurrencies, Mog Coin’s consists of a single PDF web page that reads: “Be a fucking winner. Win at every thing you do.”

It is very important make clear that Mog Coin, or some other memecoin, shouldn’t be thought-about a critical funding.The excessive worth volatility and poor fundamentals of those cryptocurrencies and tokens make them extraordinarily dangerous.

It’s true that, as CriptoNoticias has reported, memecoins are the cryptocurrencies that —as an entire— have seen the largest worth improve to date this 12 months. However it is usually true that, simply as they’ve risen, they will fall unexpectedly, inflicting nice losses.

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