Now we can talk about the chasing mechanism of the bull market altcoins.

A well-known saying is that a certain coin will surpass Bitcoin. Although it sounds fanciful, during a bull market hype, there are indeed instances where small market cap tokens surpass large market cap ones, and after surpassing, there might be a short-term peak within the day, for example:

shib surpassing doge's market cap.

pepe surpassing shib's market cap.

trump surpassing pepe's market cap.

I believe that this round of moodeng's approach clearly shows that the market funds recognize it as the leading token, leading to frenzied accumulation.

Therefore, I think the target price for the first phase should be benchmarked against PNUT's market cap, above 400 million. The price of 0.4 is the first position where I think we must take some profits.

Then near the new price high, at 700 million market cap, the price of 0.7 will also be the position for moodeng on Coinbase, which is also the position for taking major profits.

In the end, there will be a remaining base position, aiming for an imaginative peak, possibly breaking 1?