Why is the Pudgy Penguins (PENGU) Price up by 70% This Week?

TL; Dr

• The Mimi coin of Penguin has reached the highest level in two months, while the maximum market exceeded one billion dollars.
• Analysts see the possibility of other gains, as Ali Martinez referred to the amazing similarities between the current Pengu and the previous collapse of Baby.

Penguin Rally

Solana -based Penguins (Penguin), which I saw daylight Near the end of last year, It seems that Among the latest trends in the place of Mimi. Its price has jumped by more than 70 % in the past seven days, reaching the highest level in two months, about $ 0.016.

The market value exceeded one billion dollars, which made the eighth penguin in its field and the largest 94 in the entire market. It also rose higher Crypting rows, origin Turn Mimi popular currencies like Dogwifhat ((wif), flock (Floki), Brett (Brett), and others.

Several factors have positively affected the evaluation of the distinctive symbol during the past week. One of the most important is Canary Capital’s presentation With CBOE to present Pengu Etf. The box, if it receives the necessary green light, will become the first in America that holds the actual NFTS, specifically from the Pudgy Penguins collection, along with the primary MEME code.

Another bullish element is the decision of a revolution to make the penguin available on its trading platform. the existing It gives direct access to the Resolution base with billions of users to the currency, which enhances its exposure and contributing significantly to its latter gathering.

Next Pepe?

The increase in PenGu prices recently led to some of the industry participants to believe that it could repeat the impressive performance of Pepe, who was at the top of the wave on the occasions last year. One person I was monitored A possible similarity between the dynamics of the coins is Ali Martinez.

He said: “The penguin began to appear a lot as Bibi did before it exploded! Sitting daily over 0.015 – 0.017 dollars, and this train may be uncompromising.”

Soon after, Martinez entered again, Prediction This penguin can be about to the huge gathering about $ 0.044. Such a move represents a 200 % leap of current levels.