Fans of the Pudgy Penguins NFT collection have been clamoring for a dedicated token for some time – and PENGU is finally here.
Its launch was (perhaps inevitably) controversial, but PENGU has nonetheless achieved a market cap of over $2.2 billion, making it the fifth largest meme coin at the time of writing. It’s also exhibiting strongly bullish price action, pumping by over 36% in the last 24 hours.
This comes as Bitcoin reclaims $98,000 and the meme coin market bounces this Christmas Eve.
After its rapid ascent, is now a good time to buy PENGU or should traders wait for a better entry?
PENGU Dominates While Crypto Market Stalls
The latest Pudgy Penguins updates have captivated the crypto market’s attention throughout December, thanks to the launch of PENGU – the NFT project’s official token.
When PENGU first emerged into the crypto markets on December 17, the floor price of Pudgy Penguins NFTs crashed by more than 50%:
Naturally, Pudgy Penguins NFT holders have not been happy with this precipitous drop – but since PENGU makes it easier than ever for anyone to invest in the Pudgy Penguins brand, it may well end up contributing to even greater price surges in the future.
At the time of writing, PENGU has managed to pump its way out of a descending triangle chart pattern, and into CoinMarketCap’s list of the top 5 meme coins. This is an extremely bullish move that could eventually see PENGU reach as high as $0.07 – which would be double the value of the token’s current price.
Even if PENGU were to take a breather, it would likely only dip towards $0.03 before bouncing off the red diagonal line and pumping even further. This would be a good level to watch for investors looking to grab some PENGU at a discount.
Top crypto analysts have also noted this bullish performance, with influencers like Pope expecting more gains for PENGU:
With plenty of volatility still to come across the crypto market as a whole, investors who believe in the bird token narrative have been flocking to an appropriately-named token that’s been catching plenty of eyes.
Flockerz Presale Hits $7.7M – Next Big Bird Meme Coin?
The recent market dip hasn’t slowed down new meme coin Flockerz ($FLOCK), which has now raised almost $8 million in its presale which is set to end in 29 days.
Based around a DAO (Decentralized Autonomous Organization) called FlockTopia, Flockerz has introduced a new innovation known as a Vote-to-Earn protocol. This rewards FLOCK token holders with extra tokens, simply for voting in the FlockTopia DAO – where their tokens can be used to influence the project’s future developments.
The more a token holder engages with the DAO and its community, the greater the FLOCK token rewards they can receive. This solves a major problem encountered by most DAOs, which usually see a steep decline in member engagement after the initial excitement wears off.
Flockerz is clearly built with longevity in mind – and this fact has helped the project raise millions throughout its ICO. Given this huge success, it would be reasonable to anticipate a larger price increase when the FLOCK token becomes available to trade on centralized crypto exchanges and DEX platforms.
Investors who find the emerging bird token narrative intriguing can start building their FLOCK bags early, at an exceptionally low and discounted price of just $0.006504 per token. FLOCK tokens can also be staked in exchange for a huge APY of up to 355%.
With the presale now confirmed to be ending in January, there’s limited time to secure tokens at a discount ahead of Flockerz’ exchange launch next month.
