Could Moo Deng Be the Top Meme Coin to Buy Following Vitalik's Adoption?
Ethereum co-founder Vitalik Buterin has adopted the popular pygmy hippo, Moo Deng, donating $300,000 to the Khao Kheow Open Zoo in Thailand.
This development has sparked a resurgence of interest in the Moo Deng coin, which has seen a nearly 12% increase in value over the last week. Some savvy investors now see it as a prime meme coin investment opportunity.
Other small-cap meme coins are also experiencing high demand due to their significant potential for growth. For example, leading investors are eyeing Meme Index (MEMEX) as a candidate for tenfold returns.
Is Moo Deng Coin the Top Crypto to Buy Right Now?
Vitalik Buterin shared that he was captivated by the "wonderful" hospitality he experienced in Thailand during Ethereum's recent annual developer conference.
In return, he agreed to take on the role of Moo Deng's "adoptive father," contributing 10 million Thai Baht, approximately $300,000, as part of the zoo's Wildlife Sponsorship Program.
Thank you Vitalik Buterin @VitalikButerin for joining the Wildlife Sponsorship Program and adopting Moo Deng with a generous gift of 10,000,000 THB for her family! We look forward to working with you over the next 2 years for the benefit of the Khao Kheow Open Zoo community & all… pic.twitter.com/Ykrr53Y2tZ
— สวนสัตว์เปิดเขาเขียว Khao Kheow Open Zoo (@KhaokheowZoo) December 26, 2024
In a recent post on X, Vitalik hinted at the possibility of sending additional Ethereum to support Moo Deng and her family.
Although this isn't an official endorsement of the Moo Deng coin, enthusiasts are celebrating it as a triumph. Consequently, the token's price has risen by nearly 12% in the past week.
MOODENG has solid fundamentals. It's a highly popular meme coin, largely due to its inspiration from the charming pygmy hippo that became an online sensation earlier this year. The hippo even made an appearance on the famous late-night show, Saturday Night Live.
Additionally, it has gained the support of leading Tier-1 CEXs, with a recent Coinbase spot listing and a Binance Futures listing. There are rumors that a Binance spot listing is on the horizon.
It's no surprise that experts consider Moo Deng one of the top cryptocurrencies to purchase now, especially as it approaches its 0.786 Fibonacci level.
#MOODENG
— G O N Z O (@GonzoXBT) December 26, 2024
I think this is pretty reasonable trade here.
Buy at 0.786 level - > sell at new ATH. https://t.co/5N4JlWs8An pic.twitter.com/JoWawuRcqW
An increasing number of savvy investors are optimistic that this meme coin will hit $1 during the anticipated meme coin supercycle.
Is Meme Index Poised for 10x Gains?
Low-cap meme coins are catching the eye of astute investors seeking massive returns, potentially 100x, in the coming meme coin craze.
For instance, Meme Index (MEMEX) is generating considerable excitement in its presale, having raised nearly $700,000 during its ICO.
As the name implies, Meme Index is on track to launch the first-ever decentralized meme coin index funds, providing broader market exposure paired with community governance safeguards.
MEMEX holders can choose from four different meme coin baskets, each tailored to different risk-reward profiles and personal risk tolerance. These include the Meme Titan Index, featuring large-caps, the Meme Moonshot Index, which consists of tokens valued under $1 billion, the Meme Midcap Index, and the Meme Frenzy Index, which focuses on low-caps with strong community backing.
Importantly, MEMEX holders will vote on which meme coins to include in these baskets, enabling them to capitalize on projects they might have otherwise overlooked, thanks to the collective insight of the community.
Already, early MEMEX participants are enjoying reward rates exceeding 3000% through the Meme Index's presale staking pool.
Leading investors are optimistic about MEMEX's potential, with many touting it as the next meme coin to see tenfold growth.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
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