Peanut The Squirrel (PNUT) has emerged as the newest sensation within the meme coin sector, particularly following its Binance spot itemizing on Monday.
As of press time, the PNUT coin value is up by 530% over the previous week, marking the fourth-highest beneficial properties of any high 100 meme coin on CoinMarketCap in that interval. It’s at the moment buying and selling at $0.453, with a market capitalization of $414 million.
Impressed by the Instagram-famous squirrel Peanut, the meme coin is ready to be the following billion-dollar cryptocurrency.
Nevertheless, sidelined buyers are involved whether or not it might be prudent to FOMO purchase into PNUT now, contemplating a Binance itemizing usually means an area high for meme cash. Just a few sensible cash buyers are already rotating their capital to low-cap meme cash like Pepe Unchained and Flockerz.
Peanut The Squirrel – The Newest Meme Coin Sensation With Donald Trump, Elon Musk Narratives
Meme cash with huge mainstream recognition are likely to ship outsized returns with out fail. Notably, Pepe’s meteoric ascent into being the third-largest meme coin was largely because of Pepe The Frog’s recognition within the web tradition.
The PNUT coin is nothing completely different. It’s impressed by the favored squirrel Peanut, which has over 900k followers on its Instagram account, managed by digital creator Mark Longo.
The squirrel took the web by storm when Longo revealed that it had been confiscated by the New York Division of Environmental Conservation. On November 1st, a heartbroken Longo knowledgeable social media customers that Peanut had been euthanised.
Everybody from the world’s richest man Elon Musk to the US Vice President-elect JD Vance has condemned the NYDEC’s actions, with Musk even speaking concerning the difficulty at size in his newest interview with Joe Rogan.
Contemplating that Peanut The Squirrel grew to become a rallying cry for Republicans simply earlier than the election, the PNUT coin has benefitted tremendously from Donald Trump’s win.
The meme coin value is up by 530% over the previous week, additionally spurred by its Binance spot itemizing.
The PNUT coin value prediction from consultants signifies that the meme coin stays a superb funding for the long run. Nevertheless, the opportunity of a major pullback can’t be ignored.
PNUT Coin Worth Prediction – Ought to Sidelined Traders Wait For A Higher Entry?
Binance listings usually kind an area high for meme cash. As an illustration, analysts have in contrast PNUT to Moo Deng, one other meme coin impressed by a “cute animal” that was listed on Binance.
After an preliminary pump following its Binance Futures launch, it noticed a 50% pullback.
Nevertheless, Peanut The Squirrel has some distinct benefits. As an illustration, PNUT has secured a Binance spot itemizing, which is taken into account way more bullish than Moo Deng’s Binance Futures itemizing.
Furthermore, PNUT has been listed on Binance within the midst of utmost bull market euphoria, a part that consultants are calling the “meme coin supercycle.” Consequently, there’s a chance that it sees a fairly shallow pullback.
The PNUT coin value prediction from the favored crypto dealer Sajad echoes this sentiment. He expects the meme coin to see a powerful bullish continuation within the coming days and face a correction solely after it hits the $700 million mark.
Consequently, any shallow pullback within the PNUT value could also be a superb alternative to purchase the dip.
Might New Meme Cash PEPU and FLOCK Provide Comparable Returns?
The demand for low-cap new meme cash stays extraordinarily excessive, particularly as Binance continues to onboard them onto its spot and futures platforms.
As an illustration, Pepe Unchained (PEPU) has now raised over $27.2 million in its presale funding. The brand new frog-themed meme coin has added the newest $1 million in lower than 48 hours.
PEPU has managed to separate itself from different run-of-the-mill tokens, due to its native Layer-2 ecosystem, upcoming meme coin launchpad and rewarding staking protocol.
PEPU holders will quickly be capable to profit from extraordinarily low buying and selling prices, prompt transactions and new meme coin launches within the ecosystem, a proposition which has appealed to whales and retailers alike.
Unsurprisingly, sensible cash buyers are bullish on PEPU, with many eyeing between 10x and 100x returns from it.
Equally, whales are stacking one other meme coin, Flockerz (FLOCK). Simply at the moment on Tuesday, whale bought $53k price of FLOCK in a single transaction.
Maybe these deep-pocketed buyers consider that FLOCK could possibly be a candidate for Binance itemizing, contemplating that the trade prioritizes decentralization and low FDV, areas the place Flockerz excel.
Its DAO governance, vote-to-earn platform and enticing staking rewards additionally make it interesting.
Just like PEPU, sensible cash buyers are calling Flockez the following 100x crypto.
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