MOODENG skyrockets 66% as Coinbase publicizes itemizing

• MOODENG worth spiked 66% after Coinbase introduced itemizing of the meme coin.
• Coinbase is a number one US-based crypto trade.
• Beneficial properties for Moo Deng come as most tokens eye new momentum.

Moo Deng, a meme coin on Solana that went viral amid the worldwide consideration on child hippo in Thailand, has seen its worth skyrocket amid a significant announcement from Coinbase.

On Monday, Dec. 2, cypto trade Coinbase introduced that it had added Moo Deng (MOODENG) on on its itemizing roadmap. The value of MOODENG jumped a large 66% because the group reacted to the itemizing information.

On the time of writing, Moo Deng worth hovered round $0.5993, going vertical from round $0.29. Coinbase’s itemizing information contributed to this upside, with the meme coin hitting successful methods to guide the highest 100 cash by market cap.

The beneficial properties see MOODENG recapture ranges seen round Nov. 18, stemming the draw back that adopted the spike to the all-time excessive of $0.6804. Present costs for the meme coin imply its simply 12% from the height hit on November 15, 2024.

Up to now month, meme cash slowed as Bitcoin rose in the direction of the $100k degree. The surge for XRP previously week additionally relegated high meme cash to spectators of the key rally. Nonetheless, analysts are upbeat in regards to the general market, with meme cash within the combine for a possible supercycle.

Binance listed MOODENG futures in October, with the token additionally spiking because the market reacted positively.