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, within the final day, has had a value improve near 100%.
The next chart, offered by CoinMarketCap, exhibits the historic value habits of this token since July 2023. Its value is at the moment $0.0000020 and its market capitalization is $720 million..
There was no particular information about MOG within the final week that could possibly be thought-about solely answerable for the value improve. Nevertheless, as will be seen within the chart above, The token has proven an natural improve in its value, 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 (trillions) of MOG in circulationThis token has an outlined most circulation (i.e. its issuance won’t be infinite) of 420 billion MOG. Because of this 85% of its ultimate 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 type of memecoins: with phrases which are supposed to be extra humorous than informative or correct.
«It’s greater than only a foreign money. It’s a tokenized revenue. MOG is easy cosmic domination and pure success distilled into pc photons. (…) MOG is a motion, a lifestyle. “Since day one, MOG has organically constructed its neighborhood from the bottom up with one aim in thoughts: to be a culture-defining pressure within the cryptocurrency ecosystem.”
Mog Coin developer workforce.
Like virtually all cryptocurrencies and tokens, Mog Coin has its personal white paper. Not like 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 part 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 value 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 had the best value improve to this point this 12 months. However it’s also true that, simply as they rose, they will fall unexpectedly, inflicting massive losses.