$PNUT Forecast: What's Behind the Rise

At the time of writing this analysis, PNUT is trading at $1.66. In the past 24 hours alone, the memecoin has soared by almost 272%. On a weekly basis, the memecoin has risen by a staggering 1,347%. At the same time, the current rally shows no signs of slowing down anytime soon.

In theory, the cryptocurrency has every chance of reaching the psychologically important $2.00 mark. This will happen if the market interest continues to remain as stably high. However, investors may start taking profits, which risks the rally stumbling. Such a scenario will force PNUT to retreat and thus nullify some of the token's recent gains. However, this is very typical for young memecoins and their volatile nature$HARD $ACT