Moo Deng (MOODENG) Price Rises 80% in a Short Time!
2024-12-03
Bittime - Moo Deng (MOODENG) price rose by 80% in just a short time after Coinbase announced it would list this token.
What is the price of this Solana-based meme coin? Read this article to find out more!
Moo Deng (MOODENG) Price Rises
Source: Bittime.com
According to today's Bittime market, the current price of Moo Deng (MOODENG) is now trading around IDR 10,385.9 or $0.65, up 101.51% in the last 24 hours.
While still lower than the ATH of $0.68 reached in November, the MOODENG token only needs a little more upside to set a new record.
Read Also: Breaking ATH in November, MOODENG Token Predicted to Rise Again
Moo Deng (MOODENG) Price Rises, Moo Deng Background
Moo Deng is a meme coin inspired by a pygmy hippo from Thailand from the Khao Kheow Open Zoo. The unique story and cultural appeal is what makes MOODENG attract attention.
In less than 3 months since its launch, the price of Moo Deng (MOODENG) jumped 3,400%, from $0.015 in September to almost $0.68 in November.
Causes of Moo Deng (MOODENG) Price Rises
This surge in Moo Deng (MOODENG) prices was also supported by increased trading volume. The majority of transactions involve Tether (USDT), but Euro (EUR) has also emerged as an important player in trading this token.
However, like other meme coins, Moo Deng also faces liquidity challenges. High volatility and market risk can be an obstacle for investors looking to take big profits.
Therefore, listing on several crypto exchanges is expected to increase the liquidity of this meme coin.
Read Also: Meme Coin MOODENG Becomes Top Rank in Last 7 Days!
Moo Deng FAQ
What is Moo Deng (MOODENG)?
Moo Deng (MOODENG) is a meme coin built on the Solana blockchain. MOODENG was inspired by a mini hippo which became a viral icon because of its adorable appearance.
Why is Moo Deng (MOODENG) Famous?
Moo Deng became famous because he was mentioned by Elon Musk. Additionally, the rapid growth in value and unique story involving mini hippos have appeal for investors and meme coin fans.
How much is Moo Deng (MOODENG)?
Currently, 1 MOODENG is worth IDR 10,385.9 or $0.65 based on the Bittime market.
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Reference
Mat Di Salvo, Solana Meme Coin Moo Deng Rockets 80% in an Hour After Coinbase Listing Plans, accessed December 3, 2024.
Jamie Redman, MOODENG Mania: Meme Token Surges Toward Record Prices Amid Coinbase Listing Buzz, accessed December 3, 2024.
Abdelaziz Fathi, Coinbase integrates Apple Pay, lists memecoin Moo Deng, accessed December 3, 2024.
Author: IPR
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
