Best Memecoins to Invest in Today, December 4 – Dogecoin, Mog Coin, Pepe

Highlights:

• Dogecoin shows growth potential as significant whale purchases boost its market presence.
• Following the recent listings on major exchanges like Coinbase, Mog Coin is gaining traction.
• PEPE’s market activity is strong, with increased interest from whales and rising numbers of holders.

The crypto market remains bullish as most coins trade as green, with Bitcoin retracing back above the $97k mark. Meanwhile, altcoins like BNB and TRX have hit new all-time highs, recording huge gains. Additionally, TRX has secured the top ten cryptocurrencies by market cap, according to CoinMarketCap data.

Furthermore, this bullish trend has seen the total crypto market cap increase to a new high of $3.57 trillion. Market activity has increased, too, as the trading volume has reached $291 billion. As the bullish sentiment prevails, let’s examine the best memecoins to invest in today, such as Dogecoin, Mog Coin and Pepe.

Best Memecoins to Invest in Today

1. Dogecoin (DOGE)

The largest memecoin, DOGE, showed an impressive rally in November after the broad market rally and surged by 180%. As of this writing, DOGE is exchanging hands at $0.418, up by o.84% in the past 24-hours. Despite facing stiff rejection in the $0.4600 region, DOGE has gained over 6% on the weekly chart. The memecoin’s market cap and trading volume are $61.85B and $9.26B, respectively. 

Santiment data highlighted by crypto analyst Ali Martinez showed that Dogecoin whales boosted their holdings by 160 million coins over the weekend. This large holder’s behavior indicates a strong belief in the meme coin’s potential for further growth.

#Dogecoin whales bought an additional 160 million $DOGE during the weekend! pic.twitter.com/OACjFVIv9N

— Ali (@ali_charts) December 2, 2024

As Dogecoin continues its bullish momentum, these strategic purchases pose it amongst the best memecoins to invest in right now. Similarly, historical patterns suggest that similar buying activities usually lead to notable market gains, highlighting a potentially profitable opportunity for investors.

2. Mog Coin (MOG)

The Solana-based memecoin MOG is trading at $0.000002435 up by 9% in the past 24 hours. MOG is trading 18% below its all-time high of $0.000002980 hit on November 16th. Moreover, MOG has surged 45% over the past month, elevating the memecoin among the top-ten memecoins by market cap. 

Recently, Coinbase has continued to expand its meme coin offering by adding more coins to its listing roadmap. On December 3rd, Coinbase announced it would list Mog Coin on Base. Following the news, MOG’s market spiked, with its market cap nearly hitting $1B. 

Assets added to the roadmap today: MOG Coin (MOG)https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️ (@CoinbaseAssets) December 3, 2024

The inclusion of MOG by Coinbase highlights the growing interest in the memecoin, which could fuel its market and propel the price to new highs. Similarly, Binance Futures listed Mog Coin with up to 75X leverage last month.

3. Pepe (PEPE)

The frog-themed memecoin has shown a remarkable run in the recent market rally, hitting an all-time high in mid-November. Currently, PEPE has surged by 2.20% in the past 24 hours to trade at $0.00002090. PEPE has surged by 13% and 155% on the weekly and monthly charts, respectively. In addition, its market cap and trading volume have climbed to $8.79B and $3.27B, respectively.

Recent data from Lookonchain highlights interesting activity around PEPE. In the past 20 days, an investor has withdrawn over $7 million in PEPE from Binance. Substantial whale purchases often signal upcoming price surges as the supply on the market reduces.

Whales continue to accumulate $PEPE!

A whale has withdrawn 337.09B $PEPE($6.92M) from #Binance in the past 20 days.https://t.co/65vbIQd2dd pic.twitter.com/79NauAQt8V

— Lookonchain (@lookonchain) December 4, 2024

Additionally, Etherscan data indicates that PEPE holders have increased steadily, as currently, there are 339,608 addresses. This sort of growth indicates an increase in market interest and potentially, PEPE could become one of the best memecoins to invest in. The pattern of accumulation and expanding ownership indicates that PEPE may soon experience a significant rally.