Moo Deng token has seen an impressive surge in value, skyrocketing over 95% since Coinbase announced its MOODENG token listing on 2 December. This price rally highlights the significant influence major crypto exchanges like Coinbase and Binance have on the market.
Historically, listing announcements from these platforms have triggered substantial price increases for both emerging and established tokens, including popular memecoins. The Coinbase listing not only boosts Moo Deng’s visibility but also signals growing investor confidence, as traders anticipate increased liquidity and accessibility for the token.
According to CoinMarketCap, the MOODENG token experienced a significant surge in value yesterday, marking one of the most notable price hikes in recent trading. The token skyrocketed from a low of $0.2979 to a high of $0.6676 within just a few minutes, representing an impressive nearly 100% increase.
The MOODENG token has seen an impressive surge in the last 24 hours, currently trading at approximately $0.58, representing a significant 95% price increase. This rapid price rise has been mirrored by its market capitalization, which more than doubled in just minutes and now exceeds $578 million.
The token’s trading volume has also skyrocketed, surpassing the $1.3 billion mark—an astonishing 760% growth within the same period. These metrics suggest a surge of investor interest and high activity in the market, positioning MOODENG as a token to watch closely.
Will MOODENG Token’s Price Rally Keep Going?
Coinbase, one of the leading crypto exchange platforms worldwide, announced new assets added to its roadmap yesterday. Among them was Moo Deng, a Solana-based memecoin, which triggered a rapid price surge. The MOODENG price skyrocketed within minutes of the announcement, highlighting the growing excitement surrounding this memecoin.
Another major player in the crypto industry, Binance, announced the listing of Moo Deng Futures in October this year, marking a significant milestone for the MOODENG token. Following the announcement, the token saw a significant surge in value, with its price skyrocketing by over 128% within just 24 hours. However, it took less than a week for the price to decrease.
After a significant price surge, MOODENG hit a peak of $0.7, marking its highest level to date. However, this rally was short-lived, as the price sharply declined, dropping to a low of $0.3. The decline raised concerns among investors about further losses. Fortunately, a timely announcement from Coinbase about listing MOODENG helped stabilize the market.
Like other memecoins, Moo Deng may struggle to maintain its price rally over time. Its value could decline once a new memecoin gains attention or interest in this charming hippo fades. However, a strong bullish crypto market might provide a temporary boost, allowing the price rally to persist a bit longer.
Also Read: Dogecoin (DOGE): How $1,000 in Dogecoin Becomes $5 Million Today
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
