Recently, $PENGU and the NFT market have finally stabilized.
This is a great opportunity for those who truly love collecting. When the market pulls back, they can buy the NFTs they want at lower prices. Speaking of PENGU's potential, it's quite significant. The market maker behind it, Wintermute, is no slouch. Furthermore, PENGU is set to create its own public chain, Abstract, which is a super application chain that builds its own infrastructure to attract others to join.
It is still unknown whether Abstract will use PENGU as Gas, but since PENGU has issued tokens on SOL with the support of the Solana Foundation, it is very likely to be a Layer 2 or compatible chain of Solana, allowing for convenient asset transfers.
In the past, many platforms or public chains relied on driving up the price of governance tokens to attract users. So, I am currently eyeing the opportunity to re-enter PENGU and PENGU NFTs.
During PENGU's most challenging times, the Ethereum venture capital giant a16z didn't step in to bottom-fish; instead, they invested heavily in Moonbirds. But now, looking at the Solana sector, there aren't many blue-chip NFT projects like PENGU and PENGU NFTs. They fill a gap in the market.
As the Solana sector continues to heat up, PENGU is likely to become a leader in the NFT space. If its public chain is indeed based on Solana, then PENGU will also be among the top in SOL L2.
Recently, the market has plummeted, are you stuck? When will be the right time to bottom-fish? Still the same saying, if you're confused and helpless and don't know what to do, just tap my avatar to follow me. I need fans and you need references; it's better to follow than to guess!