MOG, the biggest weekly gainer among meme coins, has added a remarkable 66% to its value over the past week, reaching its all-time high. Surpassing previous winners like BOME and MAGA in terms of market capitalization, it now stands in a position to potentially overtake BONK and FLOKI.
BONK and FLOKI’s losses are MOG’s gain
Last week, BONK, WIF, and FLOKI saw double-digit losses. This slump was disappointing but not unexpected, given the altcoin market downturn. BONK led the decline with a drop of more than 36%, slipping below a crucial range.
Like FLOKI, BONK has some use cases, but it has faced major rejections and has been offloaded by whales over the past week. As a result, it has dived, hitting $0.0000193 before moving up to $0.000023.
FLOKI has been riding the meme hype since July 2021, when it became available for trading on Binance, the world’s largest crypto exchange platform. The recent market downturn has seen the coin test crucial support levels. The token lost 22% last week, finding support at $0.00015. FLOKI is very far from its all-time high, although some analysts predict it might rebound.
Meanwhile, today has been a great day for memecoins, with both BONK and FLOKI making gains. BONK is trading at $0.00002396, up 7.78% in the last 24 hours, while FLOKI is trading at $0.0001682, showing signs of a potential recovery.
MOG price prediction
MOG might be gaining due to the U.S. SEC’s Ether ETF approvals, with traders perceiving it as a beta bet. Some analysts are incredibly bullish on MOG, with Bitget predicting its price will increase by 4477% in 2024. It is currently trading at $0.000001933, and it’s expected to reach $0.000002338 by the end of 2025. By 2030, the Mog Coin price is anticipated to hit $0.000005.
Technical analyses seem to support this prediction. All moving averages except Hull indicate a strong buy, and the MACD Level (12, 26) is also a buy. However, MOG’s market cap is just under $700 million, compared to over $1.63 billion for FLOKI and Bonk. If it does overtake them, it won’t be in the immediate future.
