Moo Deng Current Price and Market Performance

Price Overview

As of September 26, 2024, Moo Deng (MOODENG) is trading at $0.146, representing a significant increase of 67.3% over the past 24 hours (CryptoRank, 2024). This price point is very close to its all-time high of $0.146, which was reached on the same day, indicating strong bullish momentum.

Market Capitalization and Ranking

Moo Deng's current market capitalization stands at $144.20 million, placing it at rank 316 in the overall cryptocurrency market (CryptoRank, 2024). This market cap gives MOODENG a 0.01% share of the entire cryptocurrency market. In the more specific Meme Coins sector, Moo Deng is ranked 401st, while it holds the 26th position in the Solana Coins & Tokens sector (CoinCodex, 2024).

Supply Metrics

The circulating supply of Moo Deng is 989.97 million tokens, which is equal to its maximum supply of 989.97 million tokens (CryptoRank, 2024). This indicates that 100% of the total supply is currently in circulation, which is an important factor for investors to consider when evaluating potential price movements.

Trading Volume and Liquidity

MOODENG has demonstrated strong trading activity, with a 24-hour trading volume of $18.74 million (CryptoRank, 2024). The volume-to-market cap ratio is 0.130, suggesting relatively high liquidity for a token of its size. This high trading volume indicates significant interest from traders and investors.

Price Performance and ROI

Moo Deng has shown impressive price performance since its inception. The token has increased by 470.67% in USD terms since it started trading. Moreover, MOODENG has outperformed major cryptocurrencies, gaining 414.03% against Ethereum and 442.70% against Bitcoin in the same period (CoinCodex, 2024).

Recent Price Action

The token has experienced a dramatic surge in value over a short period. In just two weeks, Moo Deng's market cap surged to over $80 million, and it has continued to grow since then (Yahoo Finance, 2024). This rapid growth has caught the attention of many crypto enthusiasts and traders.

Market Sentiment

The current price prediction sentiment for Moo Deng is bullish, while the Fear & Greed Index is showing a neutral reading of 50 (CoinCodex, 2024). This suggests a mix of optimism and caution in the market.

Exchange Listings and Accessibility

Moo Deng is currently being traded on 11 cryptocurrency exchanges, including notable platforms such as MEXC and CoinEx (CoinCodex, 2024). This relatively wide availability on exchanges contributes to its liquidity and accessibility for traders.

Unique Characteristics

Moo Deng's rapid rise to prominence is largely attributed to its association with a viral internet meme featuring a baby pygmy hippo from Thailand. This unique origin story has contributed to its popularity and rapid adoption within the crypto community (CoinDesk, 2024).

Conclusion

Moo Deng (MOODENG) has demonstrated remarkable market performance, with its price reaching near all-time highs and showing significant gains over various timeframes. The token's strong trading volume, increasing market cap, and growing popularity suggest a high level of interest from the crypto community. However, as with all cryptocurrencies, especially those in the meme coin category, investors should be aware of the potential for high volatility and conduct thorough research before making investment decisions.

References:

CoinCodex. (2024). Moo Deng Token Price & Market Data. Retrieved from https://coincodex.com/crypto/moo-deng-token/

CoinDesk. (2024). Crypto Inspired by 'Moo Deng' Zooms to $100M as Hippo Meme Takes Over Internet. Retrieved from https://www.coindesk.com/markets/2024/09/26/crypto-inspired-by-moo-deng-zooms-to-100m-as-hippo-meme-takes-over-internet/

CryptoRank. (2024). Moo Deng (MOODENG) Price, Chart & Analysis. Retrieved from https://cryptorank.io/price/moo-deng

Yahoo Finance. (2024). Viral Sensation Moo Deng Solana Meme Coin Surges to $80M Market Cap. Retrieved from https://finance.yahoo.com/news/viral-sensation-moo-deng-solana-072330076.html