As a seasoned analyst with over two decades of experience in the financial market, I’ve seen numerous trends come and go. The recent addition of Mog Coin (MOG) to Coinbase’s trading roadmap is an interesting development that warrants closer scrutiny.
Coinbase, a popular cryptocurrency trading platform, has announced plans to include Mog Coin (MOG) in its trading lineup, representing another move in their series of adding meme coins to their platform.
On their official X platform, it’s been made clear that MOG will soon become available for trading on Base, a scalable Ethereum layer-2 solution provided by Coinbase. Currently, Base has approximately $4 billion worth of user deposits, increasing the prominence and exposure of the token.
In my exploration as a researcher, I’ve observed that the price of MOG skyrocketed by an impressive 23% after the latest announcement. At this moment, the price is hovering around $0.05241, which has significantly boosted its market capitalization to roughly $1 billion. This newfound value positions MOG as the tenth-largest meme coin in terms of valuation.
This listing follows Coinbase’s recent addition of several meme coins, including Pepe, Floki, Dogwifhat, and Moo Deng, all added in less than a month.
There are whispers that the platform is planning to add Peanut The Squirrel (PNUT) to its listings, a character that was showcased in Coinbase’s Apple Pay tutorial. If this happens, it could become another meme coin gaining popularity, especially considering the potential boost in cryptocurrency access provided by Apple Pay integration. This might lead to an increase in liquidity towards tokens such as MOG and others.
Current listings align with anticipation regarding President Donald Trump’s possible re-election and any potential adjustments to cryptocurrency regulations. The U.S. elections held on November 6 led to the Republicans retaining the White House and Senate, which could have impacted Coinbase’s decision-making process.
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2024-12-03 21:57