The favored Solana meme coin, Pudgy Penguins (PENGU), continues to be one of many top-performing crypto property on this bull cycle.
The PENGU crypto worth surged final Thursday after the US Securities and Change Fee formally acknowledged Canary Capital’s submitting for a spot PENGU exchange-traded fund.
The proposed ETF would primarily maintain the meme coin, together with a small allocation of Pudgy Penguin NFTs and reserve balances in SOL and ETH for gasoline and liquidity. If authorised, it will turn into the primary ETF providing an NFT.
The PENGU worth has skyrocketed by greater than 100% over the previous week, posting the second-highest positive factors of any prime 100 cryptocurrency on CoinMarketCap. Equally, it has rallied by almost 200% over the previous 30 days, once more the second-best efficiency of any prime 100 crypto, trailing solely MemeCore.
Following its robust outperformance, sidelined traders at the moment are debating whether or not to enter at present worth ranges or await a extra beneficial entry level.
PENGU worth predictions from seasoned analysts recommend the meme coin nonetheless has important upside. Whereas new consumers can nonetheless seize enticing returns from it in Q3, they need to watch key help and resistance ranges intently to keep away from investing on the fallacious time.
Is It Too Late To Make investments In Pudgy Penguins?
The crypto market is in a bull run, with Bitcoin pushing greater in worth discovery. Nonetheless, sure altcoins are seeing a lot stronger rallies, and Pudgy Penguins is likely one of the cash stealing the highlight.
The PENGU coin broke out of the important thing $0.017 resistance final week, which has resulted in an explosive rally to $0.0325.
The meme coin is at present transferring inside an ascending broadening wedge, which is often a bearish sample. Nonetheless, a breakout above the higher trendline might end in one other explosive bullish continuation.
In the meantime, Pudgy Penguins’ 4-hour and day by day RSI have entered overbought territory. In a bull market, this usually carries much less weight and doesn’t instantly sign a sell-off. Nonetheless, sidelined traders ought to stay cautious, as a short-term pullback remains to be potential.
Quite the opposite, seasoned dealer Crypto Tony signifies that he would open a protracted place in PENGU if the meme coin convincingly flips the $0.032 resistance into help.
PENGU Worth Prediction – Is $1 Doable In 2025?
Whereas the PENGU coin could have reached overbought territories within the quick time period, consultants consider it nonetheless has super upside.
As an illustration, the PENGU worth prediction from distinguished analyst Ali Martinez signifies that the meme coin might hit $1 in early 2026.
Martinez claims that the Pudgy Penguins worth is following Pepe’s fractal, which signifies that it might rally by greater than 2000% to hit $0.65 in 2025 and $1 in early 2026.
Legendary dealer Bluntz is extra conservative, although he’s additionally anticipating one other 100% rally within the coming weeks, with a worth goal of $0.055 in August.
Consultants Name TOKEN6900 The Subsequent 100x Crypto
Pudgy Penguins stays one of many top-performing meme coin ecosystems this cycle, however like most massive caps, its upside is more and more capped.
That’s the place small caps like TOKEN6900 come into play. Nonetheless in its presale section, TOKEN6900 has already raised over $300,000 towards its $5 million onerous cap.
The venture embraces its id as a no-utility meme coin, describing itself within the whitepaper as a “consciousness parasite” and a “benchmark for mind rot finance.” One line reads, “It doesn’t observe GDP, oil, or earnings. It tracks vibe liquidity.”
It’s this type of candour that has resulted within the success of cash like Fartcoin, SPX6900 and USELESS. Even Dogecoin and Pepe don’t attempt to promote traders on utility and fundamentals. T6900 is identical.
TOKEN6900 is providing 80% of its whole provide to the general public, with no VC allocation and a staking mechanism designed to reward early believers.
In a market more and more pushed by narrative, TOKEN6900 checks all of the containers. It has shortage, consideration, and a self-aware tone that makes it onerous to disregard. Distinguished crypto influencers are bullish on its excessive upside potential, with many calling it the following 100x crypto.
Go to TOKEN6900 Presale
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