Current Price: $0.1703 USD
24h Change: -9.12%
24h Range: $0.1683 – $0.1906
Market Cap: ~$170.7 million
24h Volume: ~$143.9 million
Circulating Supply: ~999.85 million PNUT
PNUT, a meme token on the Solana blockchain, has experienced significant volatility. After a meteoric rise of 325% during a broader crypto rally, it has since corrected, reflecting the typical boom-bust cycles of meme coins.
Price Analysis
PNUT’s price has been on a rollercoaster. Following its surge, it faced a 30% drop in a week, but signs of recovery have emerged. Technical indicators suggest a potential rebound, but caution is advised given the token’s inherent volatility.
Market Sentiment
Investor sentiment is mixed. While some traders remain optimistic, citing potential for significant returns, others are wary due to the token’s recent price swings and the broader meme coin market’s unpredictability.
Predictions
Analysts offer varied forecasts:
Short-Term: Predictions suggest a modest increase, with prices potentially reaching around $0.1711 in the next 30 days.
Long-Term: Some forecasts are more bullish, projecting prices between $1.49 and $2.64 by 2025. However, others caution that the token could face further declines, potentially dropping to $0.37.