In a recent post on X, cryptocurrency expert Olking predicted that the price of PENGU will soar to levels as high as those of DOGE. This came after Robinhood announced the listing of PENGU.
According to him, the listing allows retail investors to leverage the viral success of Pudgy Penguins without the barrier of purchasing expensive NFTs. "A classic breakout is forming. Target $0.12, then we'll go for DOGE," noted Olking, hinting at a bullish continuation of PENGU's price.
Robinhood announced the inclusion of PENGU alongside other popular tokens like BONK, PNUT, and XLM. Although there was initially little market response to the listings, analysts maintain that PENGU stands out from the competition due to its fundamentals.
Another analyst, Trader Theory, highlighted the value of PENGU as an alternative for investors looking to benefit from the widespread success of Pudgy Penguins. As NFTs become increasingly expensive and exclusive, PENGU allows token holders to witness the brand's expansion directly without having to navigate the NFT market.
As real-world traction increases, many believe that the price appreciation of PENGU could reflect the historical trajectory of DOGE, transitioning from an Internet meme to a billion-dollar asset.
