Pudgy Penguins Flips January 2025 High into Support, Signaling Bullish Momentum

Pudgy Penguins is currently showcasing significant bullish momentum, with a notable 13% increase in value over the past week.

Pudgy Penguins ($PENGU) Surges 13%, Eyeing CoinBase Listing

pudgy penguins price analysis pudgy penguins price prediction solana meme coin

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Pudgy Penguins ($PENGU) Surges 13%, Eyeing CoinBase Listing

key takeaways

Pudgy Penguins ($PENGU) has experienced a notable surge of 13% in value over the past week.

With a market cap of $2.38 billion and a price of $0.038, $PENGU is showcasing significant growth.

Binance is currently driving the most trading volume for the coin, and speculation around a potential future listing on Coinbase is generating further excitement.

Solana-based meme coin $PENGU is surging rapidly, outpacing the gains of even BTC and ETH.

With a 75% circulating supply, there is minimal risk of significant dilution, even if the remaining 25% enters the market.

Pudgy Penguins recently flipped its January 2025 high of $0.046 into a support level, indicating potential for further upward movement.

However, the pattern of green candles often followed by corrections suggests caution for those considering buying during price spikes.

As the broader crypto market recovers and the fear and greed index stands at 60, there is growing optimism among investors.

While the potential to reach $0.01 exists, this would require a market cap of approximately $6.5 billion.

Investors are advised to focus on realistic price milestones, such as $0.051, before speculating on higher gains.

pudgy penguins price analysis pudgy penguins price prediction solana meme coin

Solana (SOL) based meme coin Pudgy Penguins ($PENGU) is surging rapidly, outpacing the gains of even Bitcoin (BTC) and Ethereum (ETH). The meme coin has surged by an impressive 13% in the past week alone.

At the time of writing, Pudgy Penguins ($PENGU) is trading at $0.038, showcasing a significant surge in value. The coin’s market capitalization now stands at a hefty $2.38 billion.

With Binance driving the most trading volume for the coin and speculation mounting around a potential future listing on Coinbase, investors are flocking to acquire $PENGU.

However, investors are advised to proceed with caution and avoid FOMO-driven purchases at the peak of price spikes. The price surges are often followed by periods of correction, leading to potential losses for those buying at the top.

Moreover, as the broader crypto market recovers and the fear and greed index stands at 60, there is a growing sense of optimism among investors. This bodes well for meme coins like Pudgy Penguins, which tend to thrive in bull markets.

While the potential to reach $0.01 exists, this would require a market cap of approximately $6.5 billion, a challenging but plausible target in the meme coin world. Investors should remain cautious of the volatility and focus on realistic price milestones, such as $0.051, before speculating on higher gains.

Meanwhile, for those exploring additional investment opportunities, Wall Street Pepe emerges as a promising contender. This new ERC-20 meme coin has already raised over $43.4 million during its presale, highlighting substantial investor interest and the potential to follow similar bullish trends.

The project combines the meme coin appeal with the narrative of empowering smaller investors, reminiscent of the Wall Street Memes. Wall Street Pepe is focused on challenging the traditional influence of large whales and insider groups, aiming to give the “little guy” a chance to succeed.

Early investors are encouraged to purchase before the coin is listed on decentralized and centralized exchanges, as similar coins have seen massive pumps upon listing.

Winning is a vibe and I’ve got it. 🐸 ⚔️

pic.twitter.com/XbH9kImFGS

— Wall Street Pepe (@WEPEToken) January 7, 2025

Investors can participate in the presale by visiting wallstreetpepe.com.

This article is not financial advice and is intended for informational purposes only. Readers are encouraged to conduct their own due diligence before making any investment decisions.