Mog Coin has emerged as one of the top-performing cryptocurrencies in the ongoing meme coin supercycle.
$MOG has posted the 3rd highest gains of any top 100 cryptocurrency in the past 7 days, data from CoinMarketCap reveals.
Several prominent celebrities and crypto influencers have supposedly invested in the meme coin, as evident by their social media posts. However, with MOG’s $750 million market cap, sidelined investors are left wondering whether it is too late to invest in it.
A few smart money investors are already hunting for the “next big thing” in crypto, with Pepe Unchained emerging as one of the standout choices.
Mog Coin Is Among The Highest Crypto Gainers - But Is It Too Late For Sidelined Investors?
Mog Coin has appealed to some of the most prominent celebrities and crypto influencers, which typically bodes extremely well for a meme coin’s upside potential.
For instance, rapper, model and creator of the $MOTHER meme coin has supposedly invested in Mog Coin. She took to X (formerly Twitter) on September 21st and posted “Mogged”.
Mogged
— IGGY AZALEA (@IGGYAZALEA) September 21, 2024
Furthermore, she even interacted with the Mog Coin’s official X account below her original post.
Similarly, Hailey Welch - more famously known as the “Hawk Tuah Girl” - is supposedly bullish on MOG.
She posted an animated image of her wearing the MOG glasses. Notably, she is also wearing the SPX6900 chain in this image. For the uninitiated, SPX6900 is another new meme coin that has rallied by more than 2200% in the past month.
Gm 𝕏, I hear it’s a meme super cycle 🫵😹 pic.twitter.com/8bhB4Gve6m
— Haliey Welch (@HalieyWelchX) October 14, 2024
Similarly, crypto influencers and early gem callers like Murad Mahmudov have also invested in MOG and are eyeing outsized returns. Murad has labelled the Mog Coin community as one of the biggest cults in the meme coin sector, which is extremely bullish for the project in the long run.
Top 7 Cults in Meme Crypto IMOGigaMogTicker bitcoinSpx6900RetardioApuRemilia
— Murad 💹🧲 (@MustStopMurad) October 16, 2024
Even Ansem - the popular meme coin influencer with over 520k X followers - has been shilling Mog Coin, including during the recent Token 2049 conference. This is decidedly unusual of him, considering MOG is an Ethereum meme coin and Ansem typically favors Solana and SOL meme coins over their Ethereum counterparts.
However, Mog Coin now has a market capitalization of over $750 million. While some analysts like Gem Insider believe that it will reach a $4 billion valuation within the next 6 weeks, the recent trend doesn’t support this thesis.
Meme coins have shown a high propensity of reaching the $1 billion mark, only to slow down as whales rotate to newer meme coins for higher returns. After all, there is a reason why Dogecoin and Shiba Inu have underperformed during this meme coin supercycle.
Sidelined investors would be well advised to wait for a correction in the MOG price and look for a better entry. Or, they could search for the next big thing.
Why Experts Believe Pepe Unchained Could Be The Next Big Thing?
Pepe Unchained (PEPU) has been one of the hottest presales in 2024. Thanks to continued whale investments, the PEPU ICO officially surpassed the $20 million mark on Wednesday.
WE JUST HIT $20M RAISED!And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
The development of the Pepe Unchained L2 ecosystem is also progressing at a rapid pace, which is adding to the hype and FOMO surrounding the meme coin.
PEPU’s official X account dropped another sneak peek of the ecosystem, showcasing the cutting-edge L2 chain, custom-built DEX, ETH-PEPU bridge and a dedicated box explorer.
Part of what makes Pepe Unchained so powerful is that we're not just a meme coin. We're rolling out an entire ecosystem, that, along with the help of builders, and our community, will thrive. pic.twitter.com/ZhW4INQrev
— Pepe Unchained (@pepe_unchained) October 16, 2024
With the Pepe Unchained Layer-2 chain, PEPU holders will see extremely low trading costs and instant transaction finality, which is the perfect formula for attracting retail investment. The meme coin will have an edge over most new ERC-20 meme coins in this regard.
The project has also officially opened the application for its developer grants, looking to onboard new meme coins on the chain. Click here to apply.
It is rare for new meme coins to offer such in-demand utilities. It is therefore no surprise that prominent crypto influencers are calling Pepe Unchained the next big thing in crypto. Others have suggested that early PEPU investors could see up to 100x returns.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
