Pudgy Penguins (PENGU) has surged 433% over the past 30 days, fueled by Canary Capital’s push to launch an ETF tied to the meme coin.
The move has supercharged a bullish PENGU price prediction and injected fresh momentum into Solana-based meme assets.
Apart from PENGU, Bonk (BONK), the largest Solana-based meme coin by market cap, has managed to maintain its lead as its price surged by 154% during this same period following the launch of LetsBonk.
A spike in interest for Pudgy Penguins’ non-fungible tokens (NFTs) has resulted in a jump in their floor price. Data shows that Pudgy Penguins are now sold at 16 ETH (around $58,320 each). This implies a 100% jump in just 15 days.
Most predictions for the token across social media are currently bullish. However, they also expect a mild retreat that would provide a more decent entry for late buyers.
Trader Cold Blooded Shiller, whose X account is followed by nearly 339,000 users, is positioning to buy if the price drops to $0.035 as positive momentum should resume after that.
PENGU Price Prediction: PENGU Could Rise to $0.080 If Its Trend Line Support Holds
The daily chart shows PENGU’s vertical ascent and how the token has already formed a clearly defined uptrend that could act as both support and resistance over the next few days.
Based on that trajectory, the key area of support to watch for PENGU would be the $0.037 level, at which point the price should bounce off its trend line support and move toward $0.06, meaning a 63% upside potential in the near term.
Trading volumes have been quite high for PENGU in the past few days and currently account for 75% of the token’s circulating supply. This means that traders are still quite interested in the asset despite today’s 10% retreat.
The Relative Strength Index (RSI) still sits at 74, meaning that the uptrend’s strength remains high. Even if the trend line support is broken, the 9-day and 21-day exponential moving average (EMA) should act as the last line of defense for bulls.
In the meantime, a new era for Bitcoin’s DeFi could be about to begin with the launch of Bitcoin Hyper (HYPER). Solana meme coins like PENGU may continue to thrive as billions of dollars locked up in BTC could now flow to this blockchain via the HYPER bridge.
Bitcoin Hyper (HYPER) Raises Nearly $4.5M to Unlock the Untapped Potential of BTC
Bitcoin Hyper (HYPER) is a high-performance layer-two chain designed to bridge the Bitcoin and Solana networks.
It is paving the way for a new era of BTCFi, a growing movement to bring DeFi utility and programmability to the Bitcoin ecosystem.
BTC holders won’t have to leave the Bitcoin network anymore to earn yield, stake, and lend their assets.
They can send their BTC to a canonical address designated for the Hyper Bridge where these tokens will be stored safely.
Upon receiving these assets, the corresponding amount will be minted on the Bitcoin Hyper L2 to access DeFi platforms. The Solana blockchain makes all of this possible with lightning-fast speed and low transaction costs.
As top wallets and exchanges embrace Bitcoin Hyper, the demand for $HYPER should explode. To buy this token early at its discounted presale price, simply head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet).
You can either swap USDT or ETH or you can use a bank card to invest.
The post Pengu Price Prediction: Pudgy Penguins Token Blasts 433% – Next Dogecoin or Shiba Inu? appeared first on Cryptonews.
