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Cryptocurrency News Articles
Moo Deng Coin (MOODENG) Price Prediction: Is It Too Late to Buy?
Nov 16, 2024 at 01:28 pm
The cute Thai hippo is dominating the meme coin sector once again. The Moo Deng coin is back in the spotlight, this time drawing rumours of a potential Binance spot listing.
Moo Deng coin is back in the spotlight, this time sparking rumours of a potential Binance spot listing. The MOODENG price is up by over 40% in the past 24 hours and hit a new all-time high of $0.68 on Friday amid the Binance speculation.
Meanwhile, other Tier-1 CEXs are rushing to list the meme coin on their platform.
OKX has already listed Moo Deng for spot trading, while Gemini announced the token’s arrival on its exchange earlier this week.
Is It Too Late To Buy Moo Deng?
As mentioned earlier, Moo Deng is the latest viral sensation in the meme coin space. The token price is up by nearly 600% in the past month, largely driven by its Binance Futures listing and the broader meme coin supercycle.
As such, Moo Deng needs no introduction. The cute Thai hippopotamus went viral on the internet and was even featured on Saturday Night Live.
It comes as no surprise that the MOODENG coin has delivered outsized returns, as is the case with most projects that have strong internet culture backing.
As mentioned earlier, the meme coin is already live on Binance futures and has already secured spot listings on tier-1 exchanges such as Gemini and OKX.
Rumours are rife that a spot Binance listing could be next, which is not without any basis considering the token price is up by 40% while even top memes like Dogecoin, Shiba Inu, Pepe and Dogwifhat are in the red.
In fact, some are even hinting at the possibility of a Coinbase listing. However, there are also concerns about whether it is too late for sidelined investors to buy MOODENG.
But prominent crypto analysts believe that the concerns are unfounded. Legendary trader Bluntz, for instance, projects that the Moo Deng coin is set to hit the $1 mark, and perhaps even breach it.
He uses Elliot Wave Theory for his projections, which have been notably accurate during this bull cycle.
If Bluntz’s Moo Deng price prediction is anything to go by, new spot buyers could still stand to make nearly 2x in the short term. However, sidelined investors who are looking for 10x to 100x returns will have to consider lower-cap alternatives to MOODENG.
Could Pepe Unchained Also Secure A Binance Listing?
Speaking of meme coins, Pepe Unchained (PEPU) is another presale that has attracted Binance rumours.
For instance, Binance listed First Neiro On Ethereum and Act I: The Prophecy when they had $15 million and $20 billion, respectively. Meanwhile, the Pepe Unchained presale has raised over $32 million and is continuing to add over $1 million daily.
The PEPU ICO ending in less than 4 weeks is adding to the hype and FOMO, as is the fact that the meme coin will launch on tier-1 exchanges.
However, Pepe Unchained’s strong fundamentals also set it apart from your average meme coin.
For instance, its Layer-2 chain, native meme coin launchpad (called Pepe’s Pump Pad) and staking protocol are all unique features in the meme token space.
Unsurprisingly, some whales are already stacking PEPU in its presale phase, with one deep-pocketed investor having purchased nearly $320k worth of the meme coin.
Meanwhile, the Layer-2 chain’s promise of low trading fees and attractive staking rewards has also captured the attention of retail investors.
Prominent crypto influencers are also bullish on Pepe Unchained’s upside potential, with many calling it the next 100x meme coin.
Visit Pepe Unchained Presale
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