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PENGU has quickly established itself as one of the undisputed leaders in the memecoin sector. Coming from the successful NFT project Pudgy Penguins, this token doesn’t just attract attention, it crushes everything in its path.
While its rise seems unstoppable, one question remains: who will be able to match its performance, and which emerging memecoin could take over?
The spectacular rebound that left its mark
The history of the memecoin PENGU is a turnaround model. After an airdrop offered to Pudgy Penguins NFT holders on December 17, its price initially plunged by 50%, before rebounding spectacularly a week later (December 25).
It quickly overtook BONK, then Optimism, to become the 50th most important crypto, with an impressive capitalization of $2.8 billion. And the technical signals confirm the trend: an RSI at 64.32 which borders on overbought territory, and a MACD which remains well above the signal line, announcing a still bullish trajectory.
However, that’s not all: the recent transfer of 300 million PENGU tokens ($13.25 million) to Binance boosted liquidity and strengthened its position on the markets. Thus, trading volumes reach peaks, exceeding 1.27 billion dollars in 24 hours, a sign of massive enthusiasm on the part of whales and small holders alike.
Why is PENGU dominating the memecoin scene?
PENGU is not limited to its status as a memecoin. Indeed, the Pudgy Penguins ecosystem also benefited from this momentum, having seen an explosion in NFT sales reaching $6.2 million in 24 hours, while the floor price jumped 30%, to $23. 85 ETH.
Also, the solid partnerships with Walmart and Target confirm the seriousness of the project and the rumors of a potential deal with Pokémon maintain the hype.
In conclusion, these elements fuel optimistic forecasts for PENGU, which could reach $0.10 in the near future, practically doubling its current value to $0.04 and consolidating its status as the market leader.
Meme Index: a new way to invest in memecoins
At a time when PENGU is shaking up the crypto-meme market, another nugget is gradually making its way. This is Meme Index, a innovative solution to navigate the saturated and risky world of memecoins. The platform has turnkey investment baskets, classified by volatility: low, medium, high or ultra-high, to each their own style.
In a sector in which 40,000 new memecoins arrive every day (and where 99% disappear as quickly as they arrived), this concept of diversification is a game changer. The presale has already raised around $1.9 million, and the $MEMEX token is at the heart of the ecosystem.
Indeed, it provides access to the platform, allows you to generate an impressive yield of 1,228% in staking and offers voting rights in the project’s DAO.
The current value of its token is $0.0149831. As a new bullish supercycle looms for 2025, Meme Index could well become the essential tool for investing intelligently and calmly.
Cryptoassets represent a risky investment.
Sources : CoinMarketCap / Meme Index
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This article does not constitute investment advice in any way. The information provided here should not be used as a basis for making financial decisions. Cryptocurrency investments involve risks and may result in significant losses. You should only invest what you can afford to lose and carry out your own research before making any investment decisions.
