$PENGU 's market cap at opening was too high, a miscalculation!!
0.05U market cap is almost on par with
#op Penguin 🐧 buying Abstract Chain (L2) should bring significant benefits in January
Once L2 has an ecosystem, it becomes a money-printing machine; it's a very hidden way to make money, which isn’t publicly discussed here..
Originally, there was a plan for L2 to use
#pengu for governance or gas fees, and NFTs are shareholder rights that can enjoy the benefits of the L2 treasury, making it seem like a great opportunity for NFTs to break out
The operators are still using last century's methods, initially pushing up the market cap, even though all shareholders (NFT holders) are making huge profits
But a coin that keeps dropping is equivalent to having no attention
Without attention, how can we talk about an ecosystem??
If a coin is likely to break, why buy it?
Remember, the crypto circle has relied on
#fomo from
#btc to now
Gold and BTC are both high-market-cap assets; the reason BTC has high attention is because of its astonishing price increase and extremely low market cap
A coin that won’t rise, no matter how valuable, has no news and no new funds joining
Initially, it was speculated that pengu would reach an 80 million market cap, at least rising to 1 billion
It's a pity for such a good project