The PENGU currency $PENGU , also known as Pudgy Penguins, has recently seen a significant rise in its market value.
Basic information about PENGU:
Current Price: $0.044 USD
24-hour Trading Volume: approximately $1.9 billion
Market Capitalization: approximately $2.3 billion
Circulating Supply: 62.86 billion PENGU out of 76.72 billion
All-Time High: $0.0692 USD
All-Time Low: $0.00373 USD
Reasons for the Current Increase:
Increased NFT Activity: The Pudgy Penguins collection has seen a significant increase in NFT trading volume, positively impacting the currency's price.
Technical Forecasts: Technical analyses suggest the possibility of continued upward trends, with price targets reaching $0.05 USD.
Institutional Interest: An application has been submitted to launch an ETF that primarily invests in PENGU and Pudgy Penguins NFTs, reflecting growing interest from financial institutions.
Important Notes:
High Volatility: PENGU is characterized by significant price volatility, which may expose investors to high risks.
Limited Use: So far, the use of PENGU is mainly restricted to the Pudgy Penguins community and their NFT collection.
If you are considering investing in PENGU, it is advised to carefully review research and technical analyses, and to follow news related to the Pudgy Penguins project, given its direct impact on the currency's price.
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