Mog Coin has surged by 12% today and 25% this month – so is this a good time to buy?
Or, is the new meme coin Flockerz a better alternative? It’s undergoing a presale and building a Vote-to-Earn decentralized autonomous organization (DAO).
Mog Coin Could Make Gains, But There’s a Major Resistance Level Ahead
Mog Coin will likely rally if Bitcoin breaks out, but a pullback could cause a big capitulation.
MOG is currently trading at $0.051945, teetering just below its all-time high (ATH), which was formed in July 2024.
The previous high is providing strong resistance, with MOG consolidating below it for the last week.
However, analysts are calling for a breakout, this is especially true if Bitcoin breaks its previous ATH, providing a tailwind for all crypto prices to rise.
Currently, BTC is trading at $71.2K, just 3.3% from its March 2024 high.
But moving back to Mog Coin, trader OSF notes that it is gaining ground in its ETH token pairing.
This is a bullish sign, showing MOG has relative strength against ETH, which could lay the way for gains as the market rises.
Meanwhile, analyst Paradise notes that Mog Coin is respecting a moving average trendline level as support, which is a bullish indication.
However, he also notes that this outlook will be invalidated if Mog Coin falls below the trendline and it turns to resistance.
The broader crypto market looks bullish, which primes Mog Coin for gains.
However, after surging over 3,550% this year, MOG is losing momentum at a macro resistance level.
Even if it breaks above, its gains may be less than other meme coins that have yet to explode.
With that in mind, a potential alternative to consider is Flockerz. It’s another Ethereum-based meme coin, but it’s currently undergoing a presale, which allows investors to participate from the ground up.
New Meme Coin Flockerz Launches World’s First Vote-to-Earn DAO, Raises $1.1M at Presale
Flockerz is a meme coin all about decentralization and sovereignty.
The project gives its community complete control via a decentralized autonomous organization.
And it’s experimenting with something we’ve never seen before: Vote-to-Earn.
This means that users will be paid for participating in the DAO, providing incentive for traders to purchase $FLOCK rather than a different meme coin.
Not only will they have peace of mind that it’s decentralized and transparent, but they’ll also get paid for shaping its future.
Another element of Flockerz is staking. Users can commit their tokens to the project’s staking contract in exchange for passive rewards.
The feature is live and currently offering a 1,491% APY.
All of this is causing a stir, not just among investors but also leading analysts.
ClayBro urged investors to get in early, underlining the “massive rewards” on offer via staking.
However, prospective buyers should consider that the staking APY will decrease over time.
As such, those seeking to buy should act fast to maximize their returns.
