OKX’s listing boosted Moo Deng (MOODENG) by nearly 26%, sparking speculation that the meme coin will rally further.
Solana meme coin The Moo Deng (MOODENG) price experienced a remarkable 20% increase in value on Friday, which prompted market optimism in anticipation of a significant listing for the cryptocurrency. It is worth noting that the meme coin has been included in the stockpile of trade offerings of the prominent Asian crypto exchange OKX, which has sparked global investor interest. The token’s potential to maintain a rally in a bullish market, particularly within the meme coin sector, is a topic of speculation among crypto market enthusiasts.
OKX Unveils Listing for Moo Deng, Stirring Investor Frenzies
MOODENG/USDT spot trading on the platform will commence at noon (UTC) today, according to an official announcement by the Asian crypto exchange on November 15. The platform’s massive user base is still positioned to engage in Moo Deng trading, facilitating additional capital inflows into the token.
Consequently, the cryptocurrency is experiencing a meme coin frenzy, causing it to ride the bullish tides of the market. It is important to note that the meme coin market is remarkably bullish in the fourth quarter of this year. Tokens such as Dogecoin and Shiba Inu have experienced weekly gains of over 90% and 25%, respectively.
Nevertheless, the MOODENG price rally has captured the public’s attention, with significant crypto exchanges providing support despite other tokens having also realized significant gains. CoinGape Media recently reported that Binance has launched a Moo Deng futures listing with up to 75x leverage, which has resulted in a 90% price increase in the meme coin. Marketenerally monitor the coin’s price fluctuations, as OKX’s backing could increase its value.
With a 26% increase in the price of MOODENG, continue?
MOOG’s intraday price surged by 26% and is currently trading at $0.573 as of this writing. The 24-hour low and high of the coin were $0.3979 and $0.5788, respectively. Regrettably, the token’s trading volume did not increase, as the exchange is scheduled to commence trading later today. Nevertheless, market observers are optimistic about the token’s future actions in the face of a bull run that has already occurred.
The Solana meme coin experienced a 103% weekly increase, while the monthly chart demonstrated a 538% increase. This upward trajectory has emphasized the token’s capacity to generate substantial gains for investors in the future.
In the interim, Coinglass data indicated that the coin’s futures OI increased by 26% to $293.14 million. Additionally, the derivatives volume increased by 10% to $2.60 billion. The current market statistics indicate more significant interest in the asset, a positive indicator for future movements.
