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- MOG Coin defies market trends, leading meme tokens with strong community support.
- Meme tokens gain traction as investors await the U.S. central bank’s interest rate decisions.
In a market where numerous cryptocurrencies are following Bitcoin’s downward trend, MOG Coin stands out. This coin has deviated from the overall market sentiment and is currently leading the top gainer list for today.
At the time of writing, MOG is trading at around $0,000002079, up 11.34% over the last 24 hours. This performance is in stark contrast to many big cryptocurrencies, which are showing red.
Strong Community Support and Notable Events Propel MOG Coin
Looking at the token’s performance throughout July, MOG has continuously ranked among the top cryptocurrencies. Notably, as we previously reported, on July 10, MOG outperformed big meme tokens, claiming a spot among the top gainers with a growth rate of more than 12%.
Despite a generally slow market, MOG Coin is still on the rise because of strong community support. Interestingly, according to a prior CNF report, the token enjoyed a big rise following an attempt on Donald Trump earlier this month. By posting memes about the event with the slogan “Make America Mog Again,” MOG tokens increased by more than 20%.
While the token outperformed the dog-themed meme tokens, MEW, a cat-themed meme token, has created its own stage.
According to our prior report, the white cat mascot token has been one of the top gainers in the past week, increasing by more than 45% and outperforming other dog-themed tokens.
In a bearish crypto market, meme tokens appear to provide investors with fun while they await interest rate moves from the US central bank. These changes are expected to impact investor sentiment, particularly among whales.
