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Traders Switch to New Meme Coin Catslap as Dogecoin and Mog Coin Slide.
Dogecoin and Mog Coin underperformed in the market, falling 0.5% and 4%, respectively.
However, the new Catslap meme coin is showing significant demand as top traders move in.
DOGE and MOG slide while other meme coins rise
Dogecoin and Mog Coin were red while all other coins in the top 10 saw marginal gains.
For Dogecoin, investors are not panicking yet. It remains increasing from week to week and month to month. Judging by its recent momentum, the bulls will absorb this decline in no time.
DOGE was trading at $0.4 at the time of writing, down 0.5% in 24 hours, up 2.8% this week and 132% in the last month. It added $35 billion to its market capitalization this month. However, its 24-hour trading volume decreased by 24%, to $4.25 billion.
Mog Coin faced stronger headwinds this week. It was trading at $0.000002368 at the time of writing, down 4.2% in 24 hours and 19.6% over the week, but remains up 18% this month.
MOG recorded a market capitalization of $920 million and a 24-hour trading volume of $25 million, down 46%.
Coin Season to Continue as DOGE Sees a Golden Cross
Despite the slowdown in DOGE and MOG, expectations remain high that their prices will continue to rise in the coming months.
Analyst KrissPax noted that Dogecoin is forming a golden cross as the 50-day moving average indicator rises above the 200-day moving average.
This illustrates a change in bullish momentum and suggests that higher prices will follow. KrissPax used Dogecoin’s 4-hour price chart and noted that the last time it formed a bullish cross (November 4) was the start of its previous parabolic rally.
According to the analyst’s price chart, this golden cross could propel DOGE to a high of $1 before the end of the year.
With this, it is no surprise that analysts are also predicting big gains on the horizon for Mog Coin. A popular trader recently suggested that MOG would rally to $0.000014, more than six times its current price.
If these price predictions come true, there is no doubt that other meme coins will also perform well. As for these, traders are betting on Catslap as a promising opportunity.
Traders support Catslap after recent price explosion
cat snap is a new Ethereum-based meme coin that rivals Solana’s Popcat.
Mog Coin is leading the way on Ethereum with a market cap of $920 million, but Catslap is introducing new ideas that could propel it beyond Mog Coin’s success.
Just launched, Catslap has grown over 1,800% in the last seven days and gained over 10,000 subscribers across Xmaking it one of the most popular coins.
The project offers a gamified experience called Catslap Slapometer. Users can visit the project website and start slapping. The site collects data and groups users by country into the rankings, creating an exciting global competition.
Slapometer recently passed 10 million slaps, so the team burned 10 million SLAP tokens to celebrate. They then presented the Catslap Burned Tokens Dashboardallowing users to track future token burns.
The team also recently hinted at transforming “Click-to-Slap” into “Slap-to-Earn,” which would pay users for their participation. While there has been no official word yet, the project is expected to release a “major announcement” in six days, which investors believe could be the launch of Slap-to-Earn.
Notably, SLAP holders can stake their meme coins and generate a 40% staking APY, which Popcat and Mog Coin lack.
Based on all this, analysts say Catslap could be the next big coin. Jacob Bury says that could be multiplied by 100, which would give a market cap of $2 billion and surpass Popcat.
Interested investors can purchase Catslap through the DEX widget on its website or using the Best wallet “Tokens Coming” feature.
To get more information about SLAP, visit the Catslap website.
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