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Reading: MOG Coin Gains Value Following Coinbase Listing
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COINTURK NEWS > Altcoin News > MOG Coin Gains Value Following Coinbase Listing
Altcoin NewsCryptocurrency Exchanges

MOG Coin Gains Value Following Coinbase Listing

In Brief

  • MOG Coin's value surged after its Coinbase listing.

  • Contrarily, Moo Deng experienced a value drop despite Coinbase support.

  • Cryptocurrency exchanges significantly influence meme coin valuations.

Ömer Ergin
Ömer Ergin 5 months ago
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MOG Coin, an Ethereum $2,641-based meme coin, started to gain value after its listing on Coinbase, the largest cryptocurrency exchange in the United States. Coinbase Assets announced its support for the cat-themed token, which was launched in July 2023, through a statement on the social media platform X.

Contents
Value Increase Post-ListingContrasting Results of Previous Listings

Value Increase Post-Listing

With Coinbase’s backing, MOG Coin quickly appreciated in value. On December 5, MOG Coin traded at $0.000002375, and the following day it surged to $0.000003418. Currently, the token is trading at $0.000003335, reflecting a 36% increase within the last 24 hours.

It is stated that: “MOG Coin is now actively traded on coinbase.com and Coinbase’s iOS and Android applications. Coinbase customers can buy, sell, convert, send, receive, or store these assets.”

Contrasting Results of Previous Listings

A week prior to this development, another animal-themed meme coin, Moo Deng, was also supported by Coinbase. However, this token did not exhibit the desired movement following its listing.

Moo Deng, based on a Solana $180 platform and themed around a dwarf otter, became an internet phenomenon after being born at the Khao Kheow Open Zoo in Thailand in July. It also gained attention for accurately predicting the November 2024 U.S. presidential election.

However, after receiving Coinbase support, Moo Deng’s value dropped from $0.596 on December 4 to $0.448 the next day, marking a 12% decline. Currently, the token is trading at $0.468, indicating some stabilization.

These two examples illustrate the potential impacts that cryptocurrency exchanges can have on meme coins. Listings by major platforms like Coinbase can elevate token values, but they do not always yield positive outcomes.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 7 December, 2024 - 4:44 pm 7 December, 2024 - 4:44 pm
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