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Cryptocurrency News Articles
Moo Deng vs Sundog – Which Is The Best Meme Coin To Buy?
Oct 01, 2024 at 04:27 am
Moo Deng’s meteoric ascent has created many a rags-to-riches story. The hype surrounding the baby hippo that has inspired the meme coin is still ongoing.
As global liquidity continues to rise and market capital rotates back into high-volatility assets, meme coins are on the verge of a parabolic breakout.
The large caps like Dogwifhat, Pepe and Bonk are already up by nearly 40% over the past week. However, their large market capitalization limits their upside potential, causing savvy investors to turn to mid-caps and low-cap meme coins.
In particular, there has been considerable speculation around Moo Deng and Sundog in recent weeks. With both projects poised for multi-billion dollar valuations, this article will delve into which is the best meme coin to buy for maximum returns in the coming bull run.
Notably, low-cap gems like Flockerz and Pepe Unchained are also in high demand among investors hunting for 100x returns.
Moo Deng – Next Billion-Dollar Meme Coin or Just A Fad?
Hippos have now joined dogs, cats and frogs to dominate the meme coin sector.
With the Thailand-based baby hippo Moo Deng going viral on social media, it was only a matter of time before its meme coin saw explosive returns.
Unsurprisingly, smart money investors did not miss out on this opportunity of making millions. For instance, one trader has turned $100 into $9.4 million after Moo Deng's price skyrocketed.
Imagine buying 5 SOL worth of MooDeng
Logging off for 2 weeks
Enjoying life
Come back to $9m4 profits
Holy.. pic.twitter.com/AX4aeqp5jT
The new viral hit Moo Deng (MOODENG) token on Solana now has a market capitalization of $195 million after being one of the best-performing tokens over the past week.
There is still plenty of narrative for the meme coin to rally on. For instance, the Moo Deng mania isn’t even close to being over. On the contrary, the baby hippo was featured on Saturday Night Live, which has prompted some prominent traders to claim that the meme coin is going to $1 billion.
This is absolutely the worst thing I’ve ever watched
Pure braindead normie slop
Moo Deng is going to a billion
https://t.co/i4iMrgHIRP
Additionally, top-tier exchanges are looking to list MOODENG on their platforms. After KuCoin’s recent listing, Bybit has hinted at a potential launch.
However, the meme coin has been showing extreme downside volatility since reaching its all-time high on September 28th. The Moo Deng price has corrected by a massive 30% today and is down by over 40% since its all-time high.
The ongoing correction could simply be profit-taking from whales after a meteoric bull rally. However, Moo Deng needs to showcase whether it is anything more than just a fad. Prominent traders are already questioning its long-term viability.
what happens when moo deng gets old fat and ugly in like 3 months
Sundog – The Top Meme Coin On Tron
The top meme coin on Tron is on the cusp of a major bull run, with experts calling it one of the best meme coins to buy now.
Despite consolidatory price action over the past week, the Sundog price is up by north of 40% in the past month.
The broader sentiment surrounding SUNDOG is decidedly bullish, partly due to Tron founder Justin Sun’s strong backing and its partnership with other successful projects like First Neiro On Ethereum.
There is also speculation that the meme coin could see a flood of top-tier exchange listings in the coming days, with a Binance listing also on the cards.
The bulls would look to flip the $0.35 resistance, which could trigger an upside move to $1. However, it is key to continue holding above the $0.28 – $0.30 price range. A breakout below could result in short-term downside volatility.
$SUNDOG chart update.
Just tapped the green / support zone and bounced nicely but price action is still in accumulation for $SUNDOG | @SUNDOG_TRX.
Once $SUNDOG breaks $0.35 we pumping straight to $1 in a few days.
https://t.co/OxzBVko1nT pic.twitter.com/f0TeHaRBIN
Moo Deng vs Sundog – Which Is The Best Meme Coin To Buy?
Moo Deng’s meteoric ascent has created many a rags-to-riches story. The hype surrounding the baby hippo that has inspired the meme coin is still ongoing.
However, the project does not offer any utility, nor does it have the support of top crypto exchanges like Binance or Coinbase.
In such a scenario, it is a valid question to ask what will happen to the meme coin once it is replaced by another internet craze.
As such,
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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