PENGU's price has surged recently. Will it continue its rally to $0.10, or will other meme coins take the lead? An analysis of Pudgy Penguins (PENGU) price predictions.
The crypto market's been wild lately, and Pudgy Penguins (PENGU) is riding the wave! Up over 200% in the last month and 90% in just the past week, PENGU's got everyone asking: can this penguin-themed token waddle all the way to $0.10?
PENGU's Impressive Surge
PENGU is currently hovering around $0.028, boosted by a 22% jump in the last 24 hours. Its market cap has ballooned to $1.8 billion, and daily trading volume hit $2.4 billion, a 228% increase. Open interest is also up, showing serious money backing this rally.
One major catalyst? The SEC acknowledged Canary Capital’s filing for a PENGU spot ETF. This kind of regulatory attention is rare for meme coins and sparked a buying frenzy. Plus, Hyperliquid listed PENGU, and Coinbase and Binance U.S. even changed their profile pics to Pudgy Penguins avatars!
Can PENGU Reach $0.10?
Hitting $0.10 is still a big jump from here. PENGU's all-time high was only $0.032. At $0.10, PENGU would have a fully diluted market cap of $8.8 billion, potentially surpassing SHIB as the second-largest meme coin.
So, what could get it there? An SEC-approved spot ETF could bring in institutional money, similar to what happened with Bitcoin and Ethereum. The upcoming Pudgy World metaverse could also create real demand for PENGU, turning it into more than just a speculative asset. And if Pudgy Penguins NFTs regain popularity, that would also boost PENGU.
The Rise of Snorter (SNORT)
While PENGU's run is impressive, some investors are looking at new meme coins like Snorter (SNORT). Snorter offers utility with a Telegram-based trading bot and staking rewards. Its presale has already raised over $1.6 million, and it runs on the Solana blockchain, known for its fast, cheap transactions.
Crypto Gains even pointed out that the more people use Snorter's bot, the bigger the demand for SNORT will be. So, while PENGU is making headlines, SNORT could be the next big thing.
Justin Sun's Penguin Endorsement
Tron founder Justin Sun recently shared a cartoon penguin with his signature hairstyle and a TRON shirt, joking, “OK. Everyone has become a penguin.” The Pudgy Penguins official account responded, further fueling community momentum and price action.
Final Thoughts
PENGU's meme vibes, NFT ties, and SEC recognition give it a real shot at further growth, even reaching $0.10. Of course, the meme coin world is unpredictable, so do your own research! Whether PENGU hits $0.10 or not, it's been a wild ride. And who knows, maybe we'll all be rocking penguin avatars soon!
