Key Takeaways
- PENGU coin has significant traction in the market with a weekly growth rate of over 45% marking its comeback into the market.
- The coin is trending bullish in the market with its Fear & Greed Index symbolizing “greed”.
- Based on this forecast and numerous other market data, it is an ideal time to invest in the famous coin.
The Pudgy Penguin is one of the prominent tokens out there in the crypto market. With its recent growth rate of over 45% in the last 7 days, the coin has managed to provide its holders with a considerable amount of profit. The PENGU is the main token of the Pudgy Penguin NFT collection and its ecosystem, which is a platform that allows users to trade various digital products and other content. In this article, we will look into the coin’s current market performance, the factors that could influence its market value, and how the coin will fare in the market in the days to come.
PENGU Current Market Performance
Ranked #55 based on the overall market capitalization, thein the midst of a bull run. It commenced on 23 December 2024. At that time, the coin was trading at a value of $0.02537. From there, the coin rose rapidly in the market. It is currently trading at a market value of $0.03516 registering a slight downtrend of over 10%. During this ongoing bull run, the coin peaked in the market when it registered a market value of $0.04306 on 26 December 2024.
The 24-hour trading volume of the coin is nearly $877 million, which is down 23% from the previous day. With a circulating supply of 62.41 billion tokens, the PENGU coin’s market capitalization is standing tall at $2.25 billion. With Trump’s ascension scheduled for the next month, we could expect a boost in the token’s market value in the coming weeks. That is if the market trend continues to favor the coin.
Factors Influencing The PENGU Surge
Following its launch on 17 December 2024, the PENGU token had a huge surge in the market. But then it rapidly dropped after a short time. The coin is currently recovering from this drop. Here, we will look into the various factors that have influenced the growth of the PENGU token in the crypto market.
1. Launch Of The Token
Following the highly-anticipated launch, the coin rose exponentially in the market during the initial phase. But then later on, it nearly dropped 50% in market value as various traders reaped their profit from the coin and increased selling pressure due to a massive airdrop.
2. Recovery Rally
Following the massive drop, the coin has shown signs of a recovery in the past week. Based on the data, the coin has recovered almost 25% of the loss it suffered during the drop. However, the coin is still trading below its all-time high of $0.05722, which was recorded following the launch.
3. Market Competition
Competition is one of the key factors that could significantly impact the price of the coin in the market. As the competition in the market increases, the demand for a coin can decline greatly leading to a decline in market value.
4. Global Factors
Many global factors like war and other geopolitical tensions can also negatively impact the coin’s price. If such a crisis arises, people will prefer materialistic assets rather than digital ones.
5. Market Sentiment & Adoption Rate
A positive sentiment can help the coin go a long way in the crypto market. Increased adoption rate is also just like that. These two factors can significantly determine whether the crypto coin will go up or down in the market.
PENGU Price Prediction: What To Expect For The Future
Now that we looked into the coin’s current market performance and the various that have significantly influenced its price, let’s take a brief glance into its future. To make this easier for you, we have prepared two tables for the coin, one depicting short-term gain and the other one depicting long-term profit. If you’re currently considering investing in the coin, kindly refer to the tables given below.
Short-Term Price Prediction
| Date | Price | Potential ROI |
| 27 Dec, 2024 | $ 0.037495 | 6.33% |
| 28 Dec, 2024 | $ 0.039626 | 12.39% |
| 29 Dec, 2024 | $ 0.042371 | 20.23% |
| 30 Dec, 2024 | $ 0.045724 | 29.87% |
| 31 Dec, 2024 | $ 0.049459 | 40.55% |
Long-Term Price Prediction
| Year | Min Price | Avg Price | Max Price | Potential ROI |
| 2024 | $ 0.037495 | $ 0.0472 | $ 0.053168 | 46.78% |
| 2025 | $ 0.051117 | $ 0.104855 | $ 0.185104 | 411.02% |
| 2026 | $ 0.030921 | $ 0.06148 | $ 0.103057 | 190.68% |
| 2027 | $ 0.034105 | $ 0.040428 | $ 0.072096 | 103.86% |
| 2028 | $ 0.0513171 | $ 0.074103 | $ 0.0124102 | 251.36% |
| 2029 | $ 0.104846 | $ 0.156953 | $ 0.261039 | 640.04% |
| 2030 | $ 0.10348 | $ 0.134935 | $ 0.167783 | 375.80% |
Is It A Good Time To Buy PENGU Coin?
The current market surrounding the PENGU token is “bullish” in nature. As per various expert opinions and market trends, the coin is expected to rise over 240% and reach a market value of $0.127857 by the end of January 2025. The coin has traded 4/8 days in green with relatively less price volatility compared to other Solana-based coins.
The Fear & Greed Index of the coin shows a value of 73, which is a clear indicator of “Greed” in the market. Based on this forecast and market data, it is an ideal time to put some money into the PENGU token. However, it would be better if you conduct research of your own about the trends in the market before proceeding with the investment.
