Pengu's Course Towards Apex and Future Progress Remains Unaltered, Experts Focus on Plump Penguins
Pudgy Penguins, a creative and community-focused web3 brand, has been making waves in the crypto market. With a total market cap of $2,328,838,761.04 and a 24-hour trading volume of $528,597,524.12, Pudgy Penguins (PENGU) is currently trading in the $0.037 price range, marking an 8.5% increase in the last 7 days.
According to reputed crypto figure Lark Davis, Pudgy Penguins is considered one of the most likely memecoins to lead the memecoins pump aspect of the altseason peak phase. Davis predicts a bull target of $0.05 for the price of PENGU. Analysts expect the price of PENGU to go even higher in altseason peak.
Pudgy Penguins launched at the start of this year and offers content, merch, toys, and digital collectibles featuring unique traits. The brand has become a cultural icon, fostering creativity, freedom, and community.
The wider macro context for altcoins remains incredibly bullish, according to analysts. Once the price of Ethereum breaks into new ATHs, altcoin prices are expected to reach new highs of their own.
Interestingly, another meme coin, TRUMP, is forecasted to experience an extraordinary pump during the upcoming Altseason. According to predictions, TRUMP could potentially reach a high price of around $27.92 in 2025 based on bullish market sentiment.
Despite the upcoming Fed rate cut announcement, Lark Davis believes the PENGU price is ready to rise. Pudgy Penguins has just completed a 20-day EMA retest, which is the first such retest since the breakout from the downtrend. This could be a sign of a potential bullish trend in the near future.
If the price of PENGU were to pump by 35.35%, it would reclaim its previous ATH of $0.05. With the bullish sentiment surrounding altcoins and the predictions made by Lark Davis, it seems that Pudgy Penguins could indeed lead the memecoins during the upcoming Altseason, as it did over the summer.
Read also:
- Rachel Reeves conducts a discussion with Scott Bessent and financial executives, focusing on investment matters
- Strategic approach to eco-friendly nickel production for electric vehicles in Europe
- Week 39/24 Highlights: Tesla CEO's visit, Robo-taxi buzz, Full Self-Driving study, Affordable electric cars, and European pricing less than €30,000
- Solar energy company, Imperium, alongside QORAY Mobility & Energies Solar Business, bolsters Nigeria's environmental future by producing superior solar panels domestically and offering flexible payment options.
