Mog Coin (MOG) is one of the market’s top performers right now.
The coin has gained 22% in the past 24 hours, now just below last week’s all-time high.
Meanwhile, newer cat coins like CatSlap (SLAP) are also impressing – with many traders believing SLAP could be about to take the market by storm.
Mog Coin Eyes a New High, but Can It Sustain Its Momentum?
Mog Coin is closing in on its record high, trading at $0.0000029.
The coin’s rally has pushed its market cap past $1.1 billion, flipping rival meme coin GOAT along the way.
Trading volumes have also surged, doubling to $147 million as more traders jump in.
MOG’s rally seems to be due to technical factors.
The coin bounced off a key trendline that’s been in play since early September.
It also found support at its 50-day exponential moving average (EMA), reinforcing the bullish sentiment and encouraging traders to buy more MOG.
With demand still building, the popular cat meme coin looks set to post a new high.
However, Mog Coin has shown plenty of times that it can fall just as quickly as it can rally.
A prime example was last week – after hitting its all-time high, MOG dropped 33% in the next five days.
Mixed Signals in the Cat Coin Market – Is MOG Carrying the Sector?
MOG may be rallying, but the broader cat-themed meme coin space paints a mixed picture.
While the sector’s total value has climbed to $6.1 billion, much of this growth is driven by MOG, with other coins struggling to keep up.
POPCAT, for instance, has posted a 2% gain in the past 24 hours – but remains down 4% for the week.
Simon’s Cat has barely stayed positive, while MEW has dipped 1%.
MICHI has fared even worse, dropping 10% since yesterday.
Despite these mixed performances, daily spot trading volumes in the sector have hit $940 million, showing a growing interest in cat coins as traders move away from other narratives.
Speculation around a potential Binance listing for POPCAT could provide a catalyst for the sector.
Prediction market Polymarket gives it a 60% chance of happening this year – a move that could lift the entire cat coin market.
MOG would likely benefit the most.
So, although performances are currently mixed, there might still be bullishness in this corner of the market.
CatSlap Rockets 1,700% in Less Than One Day & Nears $20M Market Cap
One newer cat coin that’s made an impressive start to life is CatSlap.
The coin is up over 1,700% since it launched on Uniswap yesterday, now trading at $0.00219 with a market cap of nearly $20 million.
Early momentum is evident, with $7 million in trading volume showing strong interest from investors.
CatSlap also has $1.8 million in locked liquidity.
What sets this new coin apart from the likes of MOG and POPCAT is its mix of meme appeal and gamification elements.
The project has a browser-based game where players compete for the highest “slap” score on the global leaderboard.
This adds a layer of engagement that most other coins lack.
Investors are also drawn to SLAP’s 40% staking yields and fair launch approach, including the 60-day lock on liquidity.
Unsurprisingly, this latter aspect has helped build trust in CatSlap’s fast-growing community of 880+ holders.
Rumors are also swirling that the team behind CatSlap might have created other popular meme coins in the past.
These rumors are unsubstantiated, but they’ve added to the coin’s appeal.
YouTuber ClayBro even believes SLAP could be the best meme coin of 2025.
All things considered, it’s still in its early days, but CatSlap’s explosive debut suggests it might have staying power in the cat coin space.
Visit CatSlap Token Website
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