The MOG token has seen impressive gains this week, surging almost 40% and pushing its market capitalization well above $700 million.
While not a widely known figure in the crypto space, analyst FaceBluff shared some compelling thoughts about MOG’s potential on X (formerly Twitter). According to FaceBluff, MOG could be gearing up for significant moves this “Uptober,” with potential to reach a $2.8 billion market cap if it breaks through key resistance levels this week.
The analyst points out that MOG is currently leading the cat-themed coin trend alongside MINI and POPCAT, backed by what he describes as one of the most engaged communities in the space. Drawing parallels to SHIB, which peaked at a $40 billion market cap, FaceBluff suggests that cat-themed tokens, led by MOG, might challenge the dominance of dog-themed memecoins in this cycle.
In the current crypto market, picking the right memecoin has become increasingly challenging, with numerous tokens experiencing dramatic pumps and dumps daily. While MOG has shown notable momentum and community growth, it’s just one of many players in the highly volatile memecoin sector. However, given its recent performance and growing popularity, MOG certainly warrants a spot on traders’ watchlists in the coming weeks.
Read also: Indicator That Correctly Predicts Dogwifhat (WIF) Price Direction Now Signals a Buy
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